Agnico Eagle and BMO execute first Tradewind Origins blockchain transaction
Abdullah Masud
Trading
4 years ago
1 QCP
Tradewind Markets, a financial technology company enabling physical assets to be settled and mobilized through digitization, has announced the first ever trade using Tradewind ORIGINS, its provenance management solution.
This transaction between Agnico Eagle Mines and Bank of Montreal (BMO), confirmed by the Royal Canadian Mint, marks the first time economic segregation — typically used with carboncredits — and blockchain technology have been used for precious metals supply chain management.
This allows purchasers of Tradewind’s VaultChain products to choose suppliers that meet their requirements while addressing the market’s need for transparency.
Economic, social and governance (ESG) standards for precious metal miners are becoming increasingly important, and investors make more decisions based on ESG performance.
“This is a long-awaited development for precious metals markets,” Michael Albanese, Tradewind Markets CEO said. “By delivering meaningful data on how, when, and where these assets were sourced we are providing the ecosystem with greater visibility into the precious metals global supply chain. By differentiating their metals, companies are unlocking the latent value of their production.”
Read More: https://www.mining.com/agnico-eagle-and-bmo-execute-first-tradewind-origins-blockchain-transaction/
This transaction between Agnico Eagle Mines and Bank of Montreal (BMO), confirmed by the Royal Canadian Mint, marks the first time economic segregation — typically used with carboncredits — and blockchain technology have been used for precious metals supply chain management.
This allows purchasers of Tradewind’s VaultChain products to choose suppliers that meet their requirements while addressing the market’s need for transparency.
Economic, social and governance (ESG) standards for precious metal miners are becoming increasingly important, and investors make more decisions based on ESG performance.
“This is a long-awaited development for precious metals markets,” Michael Albanese, Tradewind Markets CEO said. “By delivering meaningful data on how, when, and where these assets were sourced we are providing the ecosystem with greater visibility into the precious metals global supply chain. By differentiating their metals, companies are unlocking the latent value of their production.”
Read More: https://www.mining.com/agnico-eagle-and-bmo-execute-first-tradewind-origins-blockchain-transaction/
- BMO
- Blockchain
Registered recently:
Confirm Delete
Are you sure, you want to delete the Comment ?