Tradewind Launches Blockchain Platform

Tradewind, a spinoff from stock trading firm IEX, has launched a blockchain-powered gold trading platform. The firm, whose principals were the subject of the best-selling book “Flash Boys,” kicked off its VaultChain platform last week. As previously reported, the company is working with major companies like the Royal Canadian Mint and gold giant Sprott Inc. The effort is the latest to bridge the technological underpinnings of cryptocurrencies in a gold-trading environment.

The company dates back to 2016, pursuing an effort to provide transparency to the precious metals trading marketplace.

The Royal Canadian Mint will help Tradewind register physical gold on VaultChain, acting as a custodian for the physical assets but recognizing Tradewind as the gold’s owner. The Mint will, therefore, be able to deliver gold on behalf of Tradewind to any customers, according to statements. Customers would then be able to own the gold through a digital wallet on VaultChain.

Reference: https://www.coindesk.com/iex-spinoff-tradewind-launches-blockchain-platform-gold-trading/

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