Kynetix Expands Global Presence with New India and Latin America Offices

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 Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term 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.

Sentinel Platform

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 Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term 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."