Dhaka, March 11 -- Prime Bank PLC and Dhaka Bank PLC have completed the Proof of Concept (POC) for Green LC, executing Bangladesh's first Inland LC on a locally developed blockchain platform. This milestone marks a major leap forward in trade digitisation.

This initiative follows Bangladesh Bank's directive (FE Circular 06, issued on 14 January 2025), which encourages financial institutions to adopt electronic solutions for LC transactions-covering transmission, advising, presentation, acceptance, and all subsequent processes.

The Green LC initiative is the result of extensive collaboration among several leading banks that formed a consortium to drive this transformation. Their joint efforts have paved the way for a secure, transparent,...