Kimura Capital finances silver concentrate shipments using MineHub

Asset management firm Kimura Capital has financed three consecutive shipments of silver concentrate from Peru to China using the trade finance application of MineHub Technologies, the blockchain technology platform said.

The shipments were made for Kimura’s client, PY Commodities, a trading and agency company specializing in services for Chinese smelters involved in the non-ferrous industry.
According to Kimura’s founder and chief investment officer, Kristofer Tremaine, the dwindling number of banks in commodities meant that more and more parties are looking for alternative sources of working capital to keep their business going.

“Demand for trade finance...

Published

Andrea Hotter

November 30, 2021

13:09 GMT

New York