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Standard Chartered Enters Partners with Chinese Fintech to Create Blockchain Trade Platform

News Snapshot:

Multinational banking firm, Standard Chartered, has introduced a trade finance platform powered by blockchain in partnership with Linklogis, a Chinese supply chain tech provider. The platform is called ‘Olea’ and will help investors explore opportunities in different asset classes with businesses that need supply chain financing. According to a report by Korea Herald, the platform will have its operations headquarters in Singapore. Letitia Chau, the chief risk officer and vice chairman of Linklogis, will act as the deputy CEO of the platform and have Amelia Ng, an official from Standard Chartered, as the president. Olea will boost Standard Charter’s position…

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