The British multinational banking institution – Standard Chartered – has teamed up with the financial technology company – Linklogis – to launch a new blockchain-based digital trade finance platform. It comes by the name of Olea, and its goal would be to bring together “institutional investors seeking opportunities in an alternative asset class with businesses requiring supply chain financing.”
‘Olea is Positioned to Reinvent Finance’
London-based bank Standard Chartered would reportedly broaden its product line by launching a blockchain-based digital trade finance platform named Olea. To do so, the financial institution joined forces with the fintech firm Linklogis.
The joint venture’s headquarter would be in Singapore as both companies would equally manage the platform. Olea is designed to develop Standard Chartered’s digital trade finance services, such as managing documentation and events digitally.
The CEO of the platform would be Amelia Ng – an official from
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