News Snapshot:
UK-based multinational banking firm Standard Chartered (StanChart) has launched a blockchain-based trade finance platform through a joint venture with Chinese supply chain finance technology provider Linklogis. Dubbed Olea, the platform will aim to meet the needs of institutional investors who “seek opportunities in an alternative asset class with companies requiring supply chain finance,” according to a Korea Herald report released on August 30. The joint venture operating the platform will be headquartered in Singapore, where Amelia Ng of StanChart’s SC Ventures will lead as CEO. Letitiat Chau, Vice-President and Chief Risk Officer of Linklogis, will assume the duties of Deputy...
