News Snapshot:
The UK-based multinational bank Standard Chartered Bank (StanChart) has launched a blockchain-powered trade finance platform through a joint venture with Chinese supply chain financial technology provider Linklogis. The platform is called Olea and is designed to meet the needs of institutional investors who “look for opportunities for alternative asset classes in companies that require supply chain financing,” according to a statement. report From the Korea Herald published on August 30. The joint venture operating the platform will be headquartered in Singapore, and Amelia Ng from StanChart’s SC Ventures will serve as the CEO. Letitiat Chau, vice chairman and chief risk...
