Standard Chartered’s SC Ventures is a backer of both the SWIAT tokenization blockchain and Olea, the trade finance startup. Now the two companies are collaborating in the tokenization of trade finance assets.
We’ve written about SWIAT many times, especially with its recent involvement in several bond issuances as part of the ECB’s wholesale DLT settlement trials. DekaBank founded SWIAT, which operates a private permissioned ledger and is now a joint venture with SC Ventures, LBBW and others.
As part of the Olea alliance, DekaBank is the funder of the first trade receivable tokenized on SWIAT, which involves a Hong Kong supplier, with Singapore’s Olea as the asset originator.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
