MineHub and Kimura Announce Joint Venture Vancouver, British Columbia--(Newsfile Corp. - February 16, 2022) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company") and Kimura Capital LLP ("Kimura") are pleased to announce they have agreed to form a joint venture to develop a solution which will enable investors to syndicate their capital in providing trade finance to commodity supply chains. The Syndication Application will leverage the MineHub blockchain platform and the recently launched MineHub Trade Finance and ESG applications to respectively reduce the credit risk and verify the ESG compliance.
The Syndication Application will provide investors with exposure to a high yield, relatively low risk, but traditionally difficult to access asset classes. Investors with sustainable or impact investment goals can verify the compliance of the transactions with their ESG criteria certified on the underlying blockchain platform. The syndication of capital will increase the volume and size of the qualifying transactions that can be financed, and as such provide working capital into supply chains, including those that contribute to raising ESG standards.
Arnoud Star Busmann, CEO of MineHub, said, "This venture is a natural expansion of our partnership with Kimura. We have a shared vision for how blockchain technology will transform commodity trade finance. The real-time transparency and immutability will reduce credit and ESG compliance risk. This in turn will help unlock liquidity pools that are waiting for efficient and transparent channels to deploy capital into commodity supply chains, capital which is increasingly linked to ESG compliance."
https://www.newsfilecorp.com/release/113909