TradeCloud Launches Token Sale for Disruptive Commodities Trading Platform

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The Switzerland-based security token offering (STO) of TC Tokens aims to raise $20M USD.

-- TradeCloud is holding the public round of its security token offering (STO) to raise $20 million USD after a successful private sale that raised $5 million. The funds will further develop a bespoke commodities trading platform that improves efficiency and transparency while mitigating risk in the multi-trillion dollar global commodities market.

The founders and management team will implement a profit-sharing model in which holders of TC Tokens can participate in the company’s success. Tokens will have utility and security features. To learn more, a whitepaper is available on the firm’s website.

TradeCloud was founded in 2016 by leaders in trading, commodities, and technology, whose mission is to digitize, bring innovation to, and to make frictionless the global trade of physical commodities. That includes metals ($500 billion in annual trade), energy ($5.4 trillion), and agriculture ($1.9 trillion).

TradeCloud digitizes the trade of physical commodities by providing a secure communications channel to negotiate and conclude trades, as well as developing a network-of-networks of trade cycle services built around blockchain technology. Blockchain immutably records and secures settlements, and makes frictionless cross-border settlements.

The firm’s metals module (TCM) is operational, and over 250 member companies in 39 countries have already initiated nearly $1.5 billion in physical commodity trades.

The disruptive bespoke platform empowers market participants to:

- Get a better or best price for goods
- Communicate securely with potential counterparties in a single platform
- Reduce the inherent risk involved in trading physical commodities
- Get assurance that parties have passed know-your-customer (KYC)
- Manage all contracts and supporting documents
- Obtain an electronic audit trail of communications, activities, and agreements.

“TradeCloud vastly improves antiquated industry practices in negotiation and price discovery that have been based on paperwork, fragmentation, and unsecure channels,” says Matthew Botell, co-founder. “Our digital platform is efficient, secure, and a commercial-ready solution. It’s optimized for the physical commodity markets.”

Team members have begun developing TradeCloud’s energy module (TCE), which is expected to be released at the end of the year. Moreover, the firm will soon develop the agricultural module (TCA).

Development of the TradeCloud Commodities Web (TCW) is well under way, with a pilot scheduled for Q4 2019. The full release of the MVP is scheduled for Q2 2020. TCW is a communication tool that will link all parties and service providers involved in the physical trade cycle, over a shared ledger, using blockchain technology.

“Secure communication is of paramount importance when dealing with such high value commodities,” says Mr. Botell. “Whether it’s hackers intercepting and changing emailed invoices to include their own bank account details, or fraudulent parties selling stocks of commodities that don’t exist, the risks of transacting in these markets is real and significant. TradeCloud’s digital solution builds trust between parties, as well as reduces and manages inherent risks, all in a secure environment.”

For more information, please visit https://sto.tradecloud.sg

Contact Info:
Name: Matthew Botell
Email: Send Email
Organization: TradeCloud Commodities Web Services AG
Address: Gotthardstrasse 26, 6300 Zug, Switzerland
Phone: +41 41 378 0326
Website: https://tradecloud.sg/

Release ID: 88912335

CONTACT ISSUER
Name: Matthew Botell
Email: Send Email
Organization: TradeCloud Commodities Web Services AG
Address: Gotthardstrasse 26, 6300 Zug, Switzerland
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