WILMINGTON, Del., Dec. 3, 2025 /PRNewswire/ -- Lloyds and WaveBL, a blockchain-based platform for digital trade documents, have successfully completed a digital Letter of Credit (LC) transaction.
The transaction, a Documentary Credit in favour of West Yorkshire-based laboratory equipment business, Labtex, was completed by Lloyds and a major Indian bank. It was executed entirely through the WaveBL platform and demonstrates how digital trade is shifting from long processing cycles to almost real-time execution.