🎊 Cryptonary New Year Sale! 50% OFF. Save $500 Now Only ⏰ : 0d 0h 18m 41s
Axis Bank completes first Domestic Trade Transaction on Indian government-backed blockchain platform
Axis Bank, the third-largest private bank in India, has executed the first Domestic Trade Transaction in the country using a blockchain-based platform released by India's government earlier this year.
Axis Bank is taking a step forward
Axis Bank is India's major private bank which was formed in 1993 as UTI Bank and has seen widespread growth since then. The financial services provider revealed in a recent press release that it executed the "industry-first blockchain-enabled Domestic Trade Transaction with Arcelor Mittal Nippon Steel India (AM/NS India), and Lalit Pipes & Pipes Ltd. (LPPL) on Secured Logistics Document Exchange (SLDE)."SLDE is a blockchain-based platform that was released on Jul. 28, 2021, "with an aim to further improve ease of doing business." The platform is backed by the Government of India and aims to "improve logistics efficiency, reduce logistics cost, and promote multi-modality and sustainability."
Axis Bank issued a Letter of Credit, as per the announcement from the firm. The Letter of Credit is a contract that confirms payment when conditions are met.
A number of benefits
The SLDE platform "provides a seamless experience to all participants involved in the trade transaction, giving them visibility of the transaction and documents, thus resulting in better management of working capital requirement," said the official press release from Axis Bank.The blockchain-based system has several benefits when compared to the paper-based system, which was followed earlier. As per the press release from Axis Bank, issues like "limited transparency, slow speed of transfer of physical documents, and lack of audit log" have all been dealt with using SLDE.
Mr. Vivek Gupta, President & Head – Wholesale Banking Products, Axis Bank, commented:
"This transaction reinforces Axis' commitment to lead the digitization in Transaction banking space. Axis continues to lead the industry in the adoption of blockchain technology by working along with various partners & developing the ecosystem."
Continue reading by joining Cryptonary Pro
$997 $497/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
