Kynetix, a provider of electronic solutions for physical commodities in the financial and banking world, has opened two new offices in India and Latin America.
Kynetix assists commodity exchanges, banks and trading companies to solve the challenges around the development and launch of new commodity market initiatives and recently announced a partnership with Imperial College London to develop the commodity-specific blockchain operating model complete with working software, as reported by Finance Magnates.
We are excited to extend our commercial and technical capabilities across these two key commodity regions.
FBS CopyTrade App Named the Best Social Trading Application MENA 2020Go to article >>
Kynetix’s Sentinel platform enables the physical economy to be represented in the financial markets by creating trusted electronic records of title, ownership and the storage of commodities. This presents opportunities to enhance price discovery, unlock collateral, streamline settlement and further enhance the trust and transparency of commodity markets.
Matt Dolton, co-founder of Kynetix, said: “Over the last 12 months, we have seen a significant trend across commodity market participants to move closer towards the physical economy. We’re committed to investing in our vision to connect the financial and physical markets and are excited to extend our commercial and technical capabilities across these two key commodity regions.”
Sebastian Resano, VP of Business Development Latin America, added: “I’m delighted to have joined the team at Kynetix at such an important time for our markets. With our new office established in Santiago, Chile, we will be closer to our customers to help advise and deliver on their new initiatives across the continent.”