Digital Assets: Standard Chartered Offers Blockchain Trade Finance Platform
Standard Chartered has joined hands with Linklogis for the project.
Standard Chartered (LON: STAN) has joined forces with Linklogis, a supply chain finance tech solution provider from China, for the launch of Olea, a digital trade finance platform. Olea will match up institutional investors looking to deploy funds into alternative credit with businesses in need of supply chain (or working capital) financing. (BusinessWire)
Standard Chartered is a strategic investor in HongKong-based Linklogis, which mainly serves Chinese businesses.
How it works
Investors will have access to global trade finance opportunities, particularly in Asia, along with feedback on the quality of the assets.
On the other hand, supply chain businesses, regardless of size, looking for funding can raise money quickly, transparently, and easily at an affordable cost.
Olea is driven by blockchain and AI technology and provides a secure platform featuring rigorous risk analytics. It also generates a range of investible options for prospective investors in accordance with their risk profiles.
“By marrying Standard Chartered’s international trade and risk management expertise and unparalleled knowledge of Asia, Africa and the Middle East with Linklogis’ innovations in supply chain technology, Olea is uniquely positioned to reinvent trade finance and be a force for good,” said Amelia Ng from SC Ventures, the venture division of Standard Chartered. “Olea aims to disrupt today’s trade finance model by matching suppliers’ financing needs with alternative liquidity from investors seeking a compelling asset class linked to the real economy.”
Amelia Ng will lead the Olea platform.
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