Tradewind, a digital solutions provider for precious metal trading, launched a blockchain-powered gold trading and settlement platform, which aims to make transactions quick and easy.
The New York-based company founded in 2016 is backed by the stock exchange operator IEX, precious metals asset manager Sprott Inc., and one of the leading gold producers, Goldcorp Inc.
The new digital gold trading platform that went live on March 23, operates with VaultChain, a tailored blockchain application. Integration of a network of authorized liquidity providers and dealers was started.
The Royal Canadian Mint will vault the gold on the Tradewind platform and will recognize the VaultChain blockchain as the authoritative record of title for ownership.
The Mint will also contractually guarantee the option for physical delivery of the gold underlying the program to the network of authorized liquidity providers and dealers.
Customers can access the market through a network of authorized dealers and own VaultChain Gold in fractional quantities. This will be stored in a wallet on the blockchain.
The company said that it will not charge management and administrative fees associated with other securities products such as exchange traded funds. "We believe that the ownership and trading of vaulted precious metals will go digital, and our open-architecture platform will lead this transformation allowing market participants to quickly and easily adapt," Tradewind President and co-founder Matt Trudeau said.
Another co-founder Mike Haughton said Tradewind blockchain will unlock opportunities for market participants to conduct business more efficiently, securely, and profitably across existing business operations, and to enable future utility including provenance tracking and collateral management.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.