According to Odaily, Frankfurt-based blockchain software developer SWIAT has recently announced a partnership with Singapore's digital financial market infrastructure, Olea. The collaboration aims to prepare for financing by tokenizing receivables generated from suppliers' delivered goods. SWIAT's blockchain infrastructure, designed to meet stringent regulatory requirements such as the upcoming Basel III, provides the technical foundation for this approach. Olea's platform will then match the tokenized receivables with suitable funders. DekaBank, a joint venture partner of SWIAT, is the first funder for these tokenized receivables. By leveraging blockchain technology, SWIAT and Olea seek to address challenges in traditional trade financing, such as slow processing times, complex documentation, high costs, and risks of fraud and errors, creating a more efficient and transparent ecosystem for global businesses. Both companies are supported by SC Ventures, the innovation arm of Standard Chartered Bank, and this partnership will enable them to expand their operations in Singapore and Germany.