Standard Chartered Signs MoU With Chinese Blockchain Finance Platform Linklogis

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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2019-02-12 12:36:00

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Written by Cointelegraph

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