Standard Chartered has launched a blockchain-based digital trade finance platform in partnership with Linklogis, a Chinese supply chain finance technology company.
The new venture, to be called Olea, is intended to attract institutional investors to participate in supply chain financing as an alternative asset class. Headquartered in Singapore, Olea will be run by Amelia Ng, who was Standard Chartered’s global head of strategic initiatives within the corporate, commercial and institutional banking (CCIB) division before moving into SC Ventures, the fintech and venture capital arm of the bank, in order to develop this business.
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