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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Back-Office Technology
Waters Wavelength
Waters Wavelength Podcast: Episode 257 (DLT loses favor)
This week, Shen and Tony talk about the usability of distributed ledger technology as a solution for capital markets firms.
Subscribe to Weekly Wrap emails
Most read
- Could cloud kill the data licensing debate and shake up pricing models?
- AFTAs 2022: All the winners and why they won
- State Street looks to bolster Charles River, Alpha platforms with FundGuard integration
- AFTAs 2022: Most cutting-edge IT initiative—Morgan Stanley
- AFTAs 2022: Best agile initiative (vendor)—Genesis Global