London-headquartered financial services firm Standard Chartered has signed an MoU with Tencent-backed Chinese firm Linklogis to use its blockchain platform.
London-headquartered multinational banking and financial services firm Standard Chartered has signed a memorandum of understanding (MoU) with Tencent-backed Chinese fintech firm Linklogis. The agreement, reported by financial technology news site Finextra on Feb. 12, will allow Standard Chartered to use Linklogis’ blockchain-powered supply chain financing platform.
Linklogis, based in Shenzhen, China, is a business to business supply chain financing solutions provider. As well as sealing a series of investments from high-profile backers that include Tencent and Singapore’s Government Investment Corporation, the firm also partnered with Tencent’s fintech unit to launch a financial blockchain platform “TrustSQL” in April 2017.
Standard Chartered will…
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