Digital Commodity Warehouse Receipts now available

Kynetix, the leading provider of software solutions which connect the financial markets to the physical economy are pleased to announce that their modular commodities software is now available online as a subscription service. Sentinel is a flexible, ready-to-use software solution which helps organisations like commodity exchanges and warehousing companies securely move away from paper and towards robust, automated processing of their inventory management, trade financing and physical deliveries and settlements. With an API-first architecture and a smart UX, Sentinel provides a rapidly deployable, cost effective solution for businesses involved in the management, financing and settlement of physical commodities, by optimizing risk and driving down operating costs. Sentinel supports a multitude of business processes from the registering of assets using warehouse receipts, warrants or certificates, to the transfer of title and payments, connecting producers, warehouse companies, commodity owners, brokers and financing banks.” CEO Matt Dolton commented, “With our strategic direction now firmly focused on transforming commodities markets, we believe that the time has come for paper receipts to be digitised. We recognise the challenges this presents and have worked hard to provide an online platform which can be used to move from paper to digital” END. Editors’ Notes: About Kynetix: Founded… continue reading

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