The partnership began with the creation of a Target Operating Model for a blockchain-centric commodities platform. This has now been implemented within Sentinel, Kynetix’s specialist commodity title and post trade platform. Scott Riley, Blockchain Lead for Kynetix commented: “There is a lot of focus on
Kynetix has unique experience providing inventory and physical delivery platforms to global commodity exchanges such as the LME and the Intercontinental Exchange whose respective LMEsword, LMEshield and ICE Guardian platforms underpin the global trade and financing of base metals, coffee, cocoa, sugar, wheat and gold.
Matt Dolton, founder and director at physical delivery technology specialists Kynetix commented: “The current trend for more regulation in Financial Services is often complained about, but this is one area where better understanding and improved regulation (not necessarily increased regulation) would be a good thing.
PRESS RELEASE The London Metal Exchange (LME) today announces the successful launch of LMEshield, the new electronic warehouse receipt system for the global commodities market. The first receipt was issued by Henry Bath & Son Ltd on behalf of BNP Paribas Arbitrage SNC. LMEshield is
The London Metal Exchange (LME) today announces a strategic alliance with Henry Bath & Son Ltd, CMST Development Co Ltd and Mercuria Energy Trading to list warehouses for the LME’s new LMEshield repository in regions along China’s ‘The Belt and Road’ routes. In collaboration with
The inaugural meeting saw major investment banks, brokers, trade and commodity finance houses and central market infrastructures meet to discuss the merits and challenges of collaborating on a blockchain initiative within the physical economy. The aim of the consortium is to identify how blockchain can
Sentinel, Kynetix’s flagship inventory management and physical delivery platform bridges the gap between the physical economy and the financial markets by creating electronic records of title, ownership and storage of commodities. This unlocks opportunities to streamline financing, collateral, settlement of derivatives contracts, post trade processes
The Leather Market, Weston Street, London, SE1 3ER, United Kingdom
VAT number: GB 644 7252 32, Company Registration: 03166153
© 2024 Kynetix. All rights reserved
