StanChart invests in SG's blockchain trade-finance platform Contour

StanChart invests in SG's blockchain trade-finance platform Contour

A sign hangs above the entrance to the headquarters of Standard Chartered Plc in London, U.K. Photographer: Chris Ratcliffe/Bloomberg

Standard Chartered has invested in Contour, which handles letters of credit (LCs) digitally via a blockchain-based open-industry platform, the international banking group said Tuesday.