Standard Chartered invests in China’s supply chain financing platform Linklogis

Maria Nikolova

This marks Standard Chartered’s first investment in a supply chain platform in China.

Standard Chartered today announced its strategic investment into Linklogis, a Chinese supply chain financing platform. The aim is to enhance its joint supply chain ecosystem proposition and provide suppliers with access to affordable and convenient financing.

The move marks StanChart’s first investment in a supply chain platform in China, as well as the first global bank investor for Linklogis.

The purchase of the equity stake also builds on Standard Chartered’s ongoing partnership with Linklogis, which commences in February 2019 with the signing of a memorandum of understanding to jointly develop and deliver a supply chain financing proposition, and the completion of several joint deep-tier supply chain financing transactions. StanChart said back then it will leverage Linklogis’ strengths as a digital blockchain-enabled supply chain financing platform to deliver a distinct offering for its global banking and commercial banking clients in China.

And, in August 2029, Standard Chartered and Linklogis announced the completion of their first joint deep-tier supply chain financing transaction for Digital Guangdong and its upstream suppliers. Through Linklogis’ “WeQChain”, a platform based on Tencent’s blockchain technology, to enable deep-tier supply chain financing, the collaboration between Standard Chartered and Linklogis provided Digital Guangdong with transparency beyond their direct suppliers into their whole supply chain, as well as cheaper and more convenient access to credit for its upstream suppliers

Today, Standard Chartered reiterated its commitment to continue to leverage Linklogis’ technology and expertise to provide large corporate buyers with greater visibility and transparency of their extensive network of suppliers, as well as cheaper and easier access to financing for suppliers further upstream. In addition to offering these capabilities to onshore customers, both parties will explore new opportunities, including the extension of these solutions to support cross-border flows.

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