Tradewind Launches VaultChain Silver

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Tradewind Markets, a financial technology company, announced
the addition of silver to the VaultChain platform, providing users
with the ability to leverage the benefits of digital custody,
electronic trading, and blockchain-driven provenance
management for this important investment and industrial-use
metal. Building on the successful launch of VaultChain Gold,
Tradewind is adding different metals, different storage and refining
locations to allow institutional precious metals market
participants to more securely and efficiently manage their
businesses.

Daniel Izzo, Manager at SCMI USA Inc. commented, “As a global
leader in the precious metals business - SCMI US Inc. is always
looking to leverage developments in technology to better serve our
customers. With the recent addition of silver to complement its
current gold offering, the Tradewind platform provides SCMI US
Inc. with an opportunity to capture efficiencies through the digital
trading and custody of these precious metals.”

VaultChain Silver provides a simple, secure and low-cost
alternative to traditional silver investment options with the added
benefit of being able transact on reliable supply chain information.
Backed by the Royal Canadian Mint, VaultChain Silver is fully
deliverable and free of management fees.

“Our customer base has expressed strong interest in a digital
silver solution to complement our gold products, making it a
logical next step in our development,” said Steve Lowe, Head of
Business Development at Tradewind. “Users can now digitally
trade and custody silver alongside their gold positions, and
importantly, offer another compelling investment solution to their
end clients.”

“The team at Tradewind is excited to continue working in
partnership with the industry to listen, learn, and develop solutions
that create new opportunities and make existing business
operations easier,” said Fraser Buchan, Co-Founder. “The
successful launch of silver on was an important step towards that
goal.”

Source : https://www.marketwatch.com