Three years ago Standard Chartered created a joint venture, Olea, with Chinese supply chain finance platform LinkLogis, which uses blockchain. Olea’s goal was to offer trade finance investments as an alternative asset class. In other words, it sells trade finance assets to investors. Today it announced that the Monetary Authority of Singapore granted it a Capital Markets license. We believe the plan is to tokenize trade finance, or it certainly was three years ago.
Olea has already been selling trade finance assets, and recently reached a US$1 billion milestone.
Finding alternative sources of funds is one path to addressing the $2.5 trillion trade finance gap.
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