10 September 2024, Singapore – Olea Global Markets Pte Ltd, a wholly-owned subsidiary of Olea Global Pte Ltd (Olea), has successfully obtained a Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS) for dealing in capital markets products. Olea has also passed the US$1 billion milestone for supply chain and trade assets processed on the Olea Platform.
The CMS license will be used to distribute notes and loans backed by trade receivables, broadening the range of commercial relationships that can be pursued with institutional investors to open doors to new sources of liquidity.
“As Olea continues to empower sustainable trade across Asia, obtaining the CMS License underscores our commitment to building a bank-like compliance and professional standards.” said Amelia Ng, CEO, Olea. “Achieving our $1 billion throughput milestone indicates the
Trade finance is crucial for economic growth among Asian exporters in the world’s largest trading region. In 2023, the global trade finance gap reached $2.5 trillion, impacting numerous businesses. Olea’s digital infrastructure platform addresses this gap by directing global liquidity to supply chain and trade assets, promoting economic development and reinforcing its strategic importance in the market.
