Standard Chartered Bank announces strategic investment in Lian Yirong to upgrade supply chain financial services with blockchain technology

On January 9, Standard Chartered Bank announced a strategic investment in China's domestic supply chain financial platform, Lianyirong Digital Technology Group Co., Ltd. (hereinafter referred to as Lianyirong), to further upgrade supply chain financial services with the help of blockchain technology to help companies' ecology Management and provide convenient financing services for its suppliers, alleviating the bottleneck of financing difficulties for small, medium and micro enterprises. This is the first time that Standard Chartered Bank has invested in a Chinese supply chain financial platform. It is also the first time that Lianyi Rong introduced an international bank as an investor.