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Gavea blockchain commodities exchange exceeds $2bn in bonds and offers

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Just over a year after going live, Brazilian startup Gavea’s commodities blockchain trading platform has reached the mark of $2.3 billion in bids and offers, around six million tonnes of products. 

Some of the major players in the commodities industry are already clients, such as Amaggi, Agro Amazônia, FS Bioenergia, Inpasa, Gavilon, Lavoro, Cofco, and others.

Developed with blockchain technology, the platform works as an OTC (over-the-counter) exchange, allowing buyers and sellers to know the counterpart they are dealing with, with transparency and no middlemen, providing full upstream traceability of products’ origin and promoting a fair and sustainable trading, with ‘ESG checks’ across the supply chain.

Trades at the exchange can have spot or future delivery, and settle in USD or BRL. Tailor-made contracts are automatically generated and signed with digital certificates in the platform — mitigating risks and reducing transactional and operational costs, with higher margin profits to participants.

Founded by Vítor Uchôa Nunes, a former Executive Director at BTG Pactual — largest LATAM investment bank, the Brazilian agtech leadership team also comprises two partners: Diogo Iafelice, Growth director, and Bruno Holtz, CTO.

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