Parabolt, a company that transforms innovative ideas into disruptive digital products, expanded its Digital Ventures portfolio with Global Trade Platform, an industry game changer that digitizes the entire commodity trading and financing process, creating a one-stop shop for all parties involved.
Developed in partnership with Octagon Asset Management, a global firm specialized in alternative trade and commodity financing, Parabolt’s new Global Trade Platform includes an open market for disclosing and contracting the associated services and integrated end-to-end financing for each stage of the process. The platform also delivers portfolio management tools that include investment, alerts and risk management.
“The launch of Global Trade Platform is another milestone in our innovation journey, representative of our commitment to transforming innovative ideas into disruptive digital products. We are happy to be presenting it alongside our business partner Octagon Asset Management,” said Martin Wagmaister, Co-Founder and CEO of Parabolt. “The introduction of this platform from our Digital Ventures portfolio is an excellent kick-off for 2020.”
The Global Trade Platform consists of two components or marketplaces: Global Trade Exchange (GTE) and CommodityFinance.com, a state-of-the-art technology solution for digitizing the financing of international commodity transactions. It allows placement agents and traders to manage the entire process online, from request to closure, using a secure platform that employs Blockchain technology.
Global Trade Platform joins Parabolt’s Digital Ventures service offering in conjunction with Navigate, a platform that streamlines business decision-making based on real-time data analysis, and Omnichannel Customer Platform (OCP), which is designed to provide enhanced customer experiences that increase sales and strengthen loyalty through a cloud technology platform.