Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Standard Chartered Ventures Into Blockchain Based Supply Chain Finance In China

Standard Chartered Ventures Into Blockchain Based Supply Chain Finance In China

Kelly Cromley by Kelly Cromley
Feb 12, 2019
in Market News, News
Reading Time: 2 mins read
0

Standard Chartered announced today that it has inked a Memorandum of Understanding (MOU) with Linklogis, a Chinese platform dedicated to supply chain finance. The blockchain-powered enabled platform gives exposure to sizeable buyers across their supply chains.

In addition, it provides SME suppliers with considerably cheaper access to credit, as the risk is dramatically lower as they know that the invoices are reviewed and sanctioned by the counter-party (buyer). Both sides will discuss other areas of collaboration in addition to the extension of funding. One area is to accelerate the embarkation of Standard Chartered customers through digitalization.

Another pathway is to improve risk mitigation by using Linklogis’ data and analytics techniques. Linklogis was established in 2016 and obtained $220 million in Series C financing from the Government Investment Corporation of Singapore (GIC) in 2018. Tencent, CITIC and Bertelsmann are also investors. The company has racked up nearly 30 billion yuan ($4.5 billion) of transactions.

Simon Cooper, CEO of Corporate, Commercial and Institutional Banking at Standard Chartered said “We are delighted to partner with Linklogis and explore potential opportunities for the co-creation of innovative client offerings to further grow our presence in China.”

Charles Song, Chairman & CEO of Linklogis, said “It has always been our mission as a fintech company to create the most professional and best in class supply chain financing platform with the most advanced technology to enhance the financing solutions for our clients. Today, with the collaboration and partnership with leading financial institution Standard Chartered Bank, we strive to build a revolutionary and innovative technological application that will solve the fundamental funding problems faced by SMEs.”

The p2p loan platform Dianrong is yet another prominent firm in in China’s supply chain finance sector. Standard Chartered is very much involved in trade financing using blockchain platform. Its subsidiary in Singapore took part in a blockchain deal for Agrocorp a few weeks ago.

Notably, Standard Chartered is a member of the trade finance consortium dubbed R3 Marco Polo, and TradeIX is the technology partner. The bank revealed in August last year that it that was collaborating with TradeIX and Siemens Financial Services to create bank guarantees that can be deployed on blockchain while providing financial services. R3’s blockchain platform named Corda was used to develop the solution.

Standard Chartered bank is also a founding member of eTradeConnect, the Hong Kong Monetary Authority’s trade finance platform, which came into operation at the end of October and is backed by Hyperledger Fabric.

Previous Post

Morgan Creek’s $40M Blockchain Fund Backed By Public pensions

Next Post

Overstock Founder – Blockchain Can Radically Shift Government Services

Related Posts

dcent-partners-with-taiko

D’CENT Expands Web3 Reach with Taiko Partnership

by Kelly Cromley
Jun 24, 2025
0

D’CENT, a pioneer in biometric hardware wallets, has introduced Ethereum Layer-2 solution Taiko as the third featured partner in its...

chromia-partners-with-tac

Chromia and TAC Join Forces to Power Decentralized Telegram Apps

by Kelly Cromley
Jun 24, 2025
0

Chromia has formalized a strategic collaboration with TAC, a purpose-built Layer-1 network focused on resolving compatibility challenges between Ethereum Virtual...

fiserv

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
0

Global financial technology firm Fiserv has revealed plans to introduce its own stablecoin, FIUSD, along with a supporting digital asset...

Midnight Network

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
0

Midnight Network, a privacy-oriented blockchain built on the Cardano infrastructure, has announced an expansive airdrop campaign known as the Glacier...

Kraken

Kraken and DeFi Development Bring Tokenized Stocks to Solana

by Kelly Cromley
Jun 24, 2025
0

In a strategic move to merge traditional equity markets with blockchain technology, DeFi Development (DFDV), a decentralized finance firm, has...

tether stablecoin usdt

Tether Boosts Stablecoin Reserves with $2B USDT Mint on Tron

by Kelly Cromley
Jun 24, 2025
0

Tether has continued its rapid pace of stablecoin expansion by minting an additional $2 billion USDT on the Tron blockchain....

Next Post
Overstock Founder – Blockchain Can Radically Shift Government Services

Overstock Founder – Blockchain Can Radically Shift Government Services

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

dcent-partners-with-taiko
Market News

D’CENT Expands Web3 Reach with Taiko Partnership

by Kelly Cromley
Jun 24, 2025
chromia-partners-with-tac
Market News

Chromia and TAC Join Forces to Power Decentralized Telegram Apps

by Kelly Cromley
Jun 24, 2025
fiserv
Market News

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
Midnight Network
Market News

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
Kraken
Market News

Kraken and DeFi Development Bring Tokenized Stocks to Solana

by Kelly Cromley
Jun 24, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree