Agnico Eagle, IAMGOLD, Wheaton, Goldcorp, Sprott invest in Tradewind gold blockchain

Tradewind Markets, Inc., a financial technology company that uses blockchain to speed up and streamline digital gold trading, has raised US $10.6 million from Agnico Eagle (TSX/NYSE: AEM), IAMGOLD (TSX: IMG, NYSE: IAG), Wheaton Precious Metals (TSX/NYSE: WPM), Sapphire Ventures, and existing investors Goldcorp (TSX: G, NYSE: GG) and Sprott (TSX: SII).

Officially launched on March 23, 2018, the Tradewind platform integrates world-class exchange technology with the tailored blockchain application VaultChain™ to facilitate the trading, settlement and ownership of physical gold.

New York City basked Tradewind has raised US $22.8 million since inception. Its existing investors also include IEX Ventures.

photo credit: Tradewind

News Release

Tradewind Closes $10.6M Strategic Placement

New Investors Include Agnico Eagle, IAMGOLD and Wheaton Precious Metals

April 25, 2018 08:30 AM Eastern Daylight Time

NEW YORK–(BUSINESS WIRE)–Tradewind™, a financial technology company, announced the closing of a $10.6 million strategic placement today. Led by investments from Agnico Eagle (TSX/NYSE: AEM), IAMGOLD (TSX: IMG, NYSE: IAG) and Wheaton Precious Metals (TSX/NYSE: WPM), the fundraising round also included existing investors Goldcorp (TSX: G, NYSE: GG) and Sprott (TSX: SII), and new investor Sapphire Ventures.

Officially launched on March 23rd, 2018, the Tradewind platform integrates world-class exchange technology with the tailored blockchain application VaultChain™ to facilitate the trading, settlement and ownership of physical gold. The revolutionary platform securely digitizes vaulted precious metals for the first time, removing structural and frictional limitations from the physical gold market.

“This strategic placement, led by producers, reflects the rapidly evolving landscape for trading precious metals and demonstrates growing support for the Tradewind platform as the leading solution for the industry,” said Fraser Buchan, co-founder of Tradewind. “We’re excited to work with our shareholders and partners to continue driving innovation and positive change.”

The new capital will fund the expansion of the Tradewind platform and distribution network for VaultChain Gold™ into international markets including Europe and Asia, while also extending platform functionality to support new initiatives and applications such as provenance and supply chain management.

Tradewind has raised a total $22.8 million in capital since inception. The Company’s existing investors also include IEX Ventures.

About Tradewind

Tradewind has built a technology platform for digitizing the trading, settlement, and ownership of precious metals. The Tradewind solution combines world-class exchange technology with Vaultchain™, Tradewind’s blockchain technology tailored for precious metals. Tradewind was formed in 2016 and is managed by a team of professionals with extensive experience in electronic trading, market structure, gold investment management, market operations, cryptography and blockchain technology. For more information please visit https://tradewindmarkets.com/.

Contacts
Gasthalter & Co.
Jonathan Gasthalter, 212-257-4170

TRADEWIND
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Contacts
Gasthalter & Co.
Jonathan Gasthalter, 212-257-4170

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Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal and CanadaMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of sophisticated and advanced CPE Media Private Capital Dealbase.

Ted is President of CPE Media Inc., Canada's independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry and public market.