TradeWind Markets, Inc.

Based in the US, TradeWind Markets, Inc. operates a pioneering digital platform for the trading, settlement, and custody of physical precious metals, focusing on enhancing transparency and efficiency in the market. TradeWind Markets, Inc. was founded in 2016 in New York, US.

The company offers a digital solution for managing physical precious metals. The firm has completed five deals, with its most recent funding round being a Series A in May 2022 that raised USD 2. 3 mn, matching its total amount raised of USD 2. 3 mn and currently values the company at USD 7.

76 mn. The company is led by CEO Michael Albanese, with Fraser Buchan as the Founder. TradeWind Markets offers a digital platform that revolutionizes the trading, settlement, and custody of physical precious metals, specifically gold and silver. Their flagship products, VaultChain™ Gold and VaultChain™ Silver, provide institutions with secure and efficient means of managing physical assets, leveraging blockchain technology for improved transparency and reliability.

VaultChain™ Gold represents fine gold held at the Royal Canadian Mint, while VaultChain™ Silver represents fine silver also stored at the same institution. The platform serves a diverse client base including broker-dealers, banks, refiners, wholesalers, and institutional investors across key markets in North America, Europe, and Asia. By digitizing the entire value chain, TradeWind addresses issues such as high transaction costs and settlement inefficiencies while ensuring compliance with responsible sourcing standards, thereby enhancing the overall user experience in the precious metals market. TradeWind Markets generates revenue by facilitating transactions related to the trading, settlement, and custody of precious metals through its proprietary platform.

The company engages in business-to-business (B2B) transactions with institutional clients, including broker-dealers and financial institutions. Revenue streams come from transactional fees associated with the trade of VaultChain™ products and potential service fees for custody and settlement solutions offered to clients. The pricing structure includes fees for transactions executed on the platform, varying based on the volume and type of asset being traded. Additionally, TradeWind offers services such as the ORIGINS supply chain traceability solution, enhancing transparency in precious metal sourcing and appealing to clients focused on compliance with social and environmental standards.

TradeWind Markets, Inc. plans to leverage its recent Series A funding of USD 2. 3 mn raised in May 2022 to enhance its product offerings and expand into new markets. The company is currently developing new products aimed at further digitizing the precious metals trading process.

Additionally, TradeWind is looking to enter markets beyond North America, with specific targets in Europe and Asia, aiming for expansion by mid-2023.