<\/p>\n
Standard Chartered\u2019s SC Ventures is a backer of both the SWIAT tokenization blockchain and Olea, the Singapore trade finance startup. Now the two companies are collaborating in the tokenization of trade finance assets.<\/p>\n
We\u2019ve written about SWIAT many times, especially with its recent involvement in several bond issuances as part of the ECB\u2019s 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.<\/p>\n
As part of the Olea alliance, DekaBank is the funder of the first tokenized trade receivable.<\/p>\n
Olea is a joint venture between SC Ventures and Chinese supply chain finance platform LinkLogis, in which StanChart is also an investor. LinkLogis has used DLT from the beginning. The purpose of Olea is to broaden the range of funders to institutions beyond the typical trade banks, expanding trade finance as an asset class.<\/p>\n
When the joint venture was announced in 2021, CEO Amelia Ng said, \u201cOlea aims to disrupt today\u2019s trade finance model by matching suppliers\u2019 financing needs with alternative liquidity from investors seeking a compelling asset class linked to the real economy.\u201d<\/p>\n
Trade finance tokenization<\/p>\n
One way to do that is to tokenize trade finance assets. It\u2019s possible to achieve that either via banks offloading the trade finance they\u2019ve already extended and selling it via tokens. Alternatively, funders can make a line of credit available as primary funding and receive the tokenized assets in return. We\u2019ve requested clarification about which route is adopted with Olea, although we suspect it\u2019s the second.<\/p>\n
\u201cSWIAT enables Olea to issue digital assets, while Olea addresses the challenges of the global economy by tapping into alternative funding sources from institutional base investors,\u201d said Gurdeep Singh Kohli, SC Ventures Lead for Europe and Americas.<\/p>\n
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Standard Chartered\u2019s SC Ventures is a backer of both the SWIAT tokenization blockchain and Olea, the Singapore trade finance startup. Now the two companies are collaborating in the tokenization of trade finance assets. We\u2019ve written about SWIAT many times, especially with its recent involvement in several bond issuances as part of the ECB\u2019s wholesale DLT […]<\/p>\n","protected":false},"author":1,"featured_media":2529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Trade-113-1077x445.jpeg",1077,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Trade-113-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Trade-113-300x200.jpeg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Trade-113.jpeg",1077,718,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2528"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2528\/revisions"}],"predecessor-version":[{"id":2530,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2528\/revisions\/2530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2529"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}