Standard Chartered Launches Blockchain Trade Finance Platform With Linklogis

As per the latest reports on Aug. 30, 2021, the UK-based multinational banking firm Standard Chartered (StanChart) has introduced its blockchain trade finance through a joint venture with Linklogis, a Chinese supply chain finance technology provider.

Known as Olea, the fully digitized platform is focused on fulfilling the requirements of institutional investors who are looking for opportunities in an alternative asset class with organizations in need of supply chain finance, as per the reports.

Headquartered in Singapore, the blockchain trade finance platform Olea will be operated by Amelia Ng (SC Ventures, the innovation, fintech, and ventures unit of Standard Chartered) as CEO and Letitia Chau (Vice-Chairperson and Chief Risk Officer of Linklogis) as deputy CEO.


Olea’s stringent risk analytics and safe platform facilitate investors' admittance to venture options for returns that match with their risk profiles. It gives a drastically straightforward, speedier, and stress-free way to access working capital for supply chain members regardless of size.

According to Ng, “By considering Standard Chartered’s global trade and risk management expertise and unmatched information on Asia, Africa and the Middle East with Linklogis' advancements in supply chain technology, Olea is well-positioned to restructure trade finance and bring a compelling power for good. Olea focuses on disturbing present trade finance structure by aligning suppliers’ requirements with alternative liquidity from investors looking for a compelling asset class associated with the real economy.” 

Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/standard-chartered-launches-blockchain-trade-finance-platform-with-linklogis

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