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Hong Kong and Brazil Forge Blockchain Agreement, Transforming International Trade Finance

Hong Kong and Brazil Forge Blockchain Agreement, Transforming International Trade Finance

Bitget-RWA2025/11/03 19:38
By:Bitget-RWA

- Hong Kong and Brazil conduct blockchain-powered cross-border trade settlement via Chainlink, reducing risks. - The pilot, involving Banco Inter and regulators, tests DvP/PvP models to automate transactions. - Analysts highlight potential $15 price target for LINK as adoption grows, boosting institutional interest. - Hong Kong's Fintech 2030 strategy and regulatory moves aim to position it as a digital asset hub. - The success may expand to more institutions, enhancing blockchain's role in global trade fi

Hong Kong and Brazil have completed a cross-border trade settlement using blockchain technology and digital currencies, with Chainlink's infrastructure supporting instant transactions between the two regions. This trial, which is part of Brazil’s Drex digital currency project and Hong Kong’s Ensemble platform, represents a major advancement in updating international trade finance and minimizing settlement risks. As institutional interest grows, analysts are now watching for Chainlink’s LINK token to potentially reach the $15 mark.

Hong Kong and Brazil Forge Blockchain Agreement, Transforming International Trade Finance image 0

This partnership, led by Banco Inter and

, linked Brazil’s Drex system with Hong Kong’s Ensemble platform under the supervision of the Central Bank of Brazil (BCB) and the Hong Kong Monetary Authority (HKMA). Utilizing Chainlink’s interoperability solutions, the pilot enabled coordinated movement of funds and assets across borders via smart contracts. The test included delivery-versus-payment (DvP) and payment-versus-payment (PvP) mechanisms, ensuring that goods and payments were exchanged simultaneously to lower counterparty risk. The system also allowed for conditional and installment payments, releasing funds only when certain trade conditions were met.

Major contributors included Standard Chartered, the Global Shipping Business Network (GSBN), and 7COMm, which handled updates to electronic bills of lading. The project’s goal is to cut costs and simplify procedures for banks and exporters—especially smaller businesses—by automating previously manual tasks. Bruno Grossi, Banco Inter’s Head of Digital Assets, stated that the initiative “creates a more interconnected financial ecosystem that can support the future of global trade.”

Market observers have noted the project’s impact on Chainlink’s LINK token. On X, analyst Ali Charts identified $15 as a key accumulation area for LINK, suggesting that continued adoption could lead to a surge toward $100. The successful trial highlights Chainlink’s expanding importance in connecting central bank infrastructures, especially as Hong Kong pursues its Fintech 2030 vision, which focuses on tokenization and AI-powered financial systems.

Hong Kong’s wider strategy to establish itself as a digital asset center has included loosening regulations for

asset trading platforms and launching Project Ensemble, a sandbox for real-world tokenized transactions. The city’s Securities and Futures Commission recently permitted locally licensed platforms to share global order books with overseas partners, improving access to liquidity. These initiatives are positioning Hong Kong to rival Singapore and the U.S. in attracting crypto innovation. Industry figures such as Gu Ronghui, a Singapore-based crypto consultant, have pointed out that Hong Kong currently has a “timely window” to cement its leadership in the sector, as mentioned in an .

The pilot between Brazil and Hong Kong is set to expand to more trade models and financial institutions, further exploring how blockchain can scale in international trade. With global corporate crypto assets surpassing $130 billion this year, the use of digital assets in treasury operations is accelerating, providing companies with hedging opportunities and valuation advantages. As Chainlink continues to collaborate with central banks and financial institutions, its technology could further boost institutional use and demand for its token by enabling secure, efficient transactions.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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