Tradewind Launches Blockchain for Gold
Fintech firm debuts its VaultChain platform to create a more efficient way of trading physical gold.
The platform, called VaultChain, officially went live on March 23. Gold in the platform is vaulted by the Royal Canadian Mint, which also confirms and facilitates the ownership of physical gold and guarantees any delivery made. This information gets recorded in the platform’s blockchain which can then be used for post-trade activities, including clearing. The Mint recognizes VaultChain as the golden record for ownership.
Tradewind president and co-founder Matt Trudeau says the blockchain
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