Nominated
The deal is agreed, and every party to it is identity-verified before anything moves.
- Who takes part
- Buyer, seller and bank
- On the record
- Verified identities, through KYC and AML checks
Every party to a physical commodity deal works from the same record. Each stage closes with a signed, recorded check, and payment follows the checks.
In development This is how the platform is designed to work.
The deal is agreed, and every party to it is identity-verified before anything moves.
An independent surveyor inspects the cargo at the load port. The inspection report and the loading documents are signed electronically.
The cargo is at sea. Every party sees the same status as it moves, so nobody chases paper between ports.
A second inspection at the discharge port. The discharge documents are signed and recorded against the same deal.
The verified documents go to the bank, and payment is released against them.
Contract amounts, margins and counterparty details stay private to the parties who need them.