Chinese supply chain finance platform LinkLogis establishes partnership with XRP Ledger

Jinse Finance reported that LinkLogis has reached a cooperation agreement with XRP Ledger to launch its digital supply chain finance application on this public blockchain, aiming to promote the commercialization of LinkLogis solutions. The funds for supply chain finance usually come from banks, but can also be raised through the issuance of asset-backed securities (ABS)—the underlying assets of such securities are a group of unpaid invoices. In this model, suppliers do not need to rely on bank payments; funds will come from the proceeds of asset-backed securities sales. LinkLogis mentioned in its announcement that it is exploring the trading business of real world assets (RWA) in the field of supply chain finance. In addition, the company has formed a joint venture with Standard Chartered called Olea, which focuses on cross-border trade finance and has obtained a capital markets license, enabling it to carry out blockchain-based asset tokenization business. However, Olea is an independent entity, and this cooperation with XRP Ledger does not involve the company.