Prudential, StarHub to Launch Blockchain Trade Platform In Singapore

Insurance giant Prudential has teamed up with Singapore telco StarHub to launch a blockchain-based digital trade platform for small and medium-sized enterprises (SMEs).

With the new platform – called Fasttrack Trade (FTT) – SMEs will be able to find business partners and distributors, make payments and track goods, as well as buy insurance, a press release states.

The partnership will see StarHub offering business customers access to services over FTT, with Prudential providing insurance options. Alternative financing options will also be made available via peer-to-peer lender Funding Societies.

The platform is being developed by fintech startup Cites Gestion and is being funded by Prudential…

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