PRESS RELEASE: Chicago, ILLINOIS — Ampersand Markets, which is creating a silver-based ecosystem around a new category of digital assets that allows buyers to own silver on the blockchain, today announced a strategic partnership with TraDove. TraDove, which has raised more than $50 million, is the only business social networking platform that matches and connects relevant buyers and sellers worldwide.
Through this partnership, TraDove’s payment solution may facilitate international participation in the Ampersand Consortium. Additionally, TraDove’s deep customer base provides a launching pad for selecting participants in the Ampersand Consortium. Comprised of indispensable participants for delivering major functional components of Ampersand’s ecosystem, the Ampersand Consortium will provide the necessary infrastructure to explore the development of a new silver ecosystem and exchange. Participants in the growing consortium currently include several prominent companies and groups that focus on precious metals and digital assets, including Zaner Metals, LLC, Ohansons LLC, DrawBridge Lending and leaders in the mining finance community-based in Toronto.
“We are thrilled to embark on a strategic partnership with TraDove, which has the ability to support various aspects of Ampersand Markets, including the possibility of facilitating international participation in our consortium,” said Seth Patinkin, CEO, and co-founder of Ampersand Markets. “As we continue to grow our ecosystem, TraDove’s experience and numerous relationships across industries will be invaluable.”
TraDove’s vast experience in the B2B blockchain space will aid Ampersand Markets as it continues to grow its ecosystem. Having completed a successful ICO in 2018, and growing as a leader in the blockchain space, TraDove’s intricate comprehension of the industry will help shape Ampersand Market’s roadmap as it continues to expand its offerings.
As this relationship grows, both Ampersand Markets and TraDove will explore the possibility of a mutually beneficial partnership to facilitate expanded participation in Ampersand’s Consortium. Using TraDove’s product, Ampersand may have the ability to facilitate the handling and expediting of international payments and letters of credit.
To learn more about Ampersand Markets, please visit https://www.ampersandmarkets.world.
About Ampersand Markets
Ampersand Markets, LLC is creating a silver-based ecosystem around a new category of digital assets, allowing buyers to own silver inside the blockchain ecosystem. The brainchild of Seth Patinkin, the only PhD student to work under Nobel Prize Winner John Nash at Princeton University, Ampersand has developed a first-of-its-kind digital token, the Ampersand Vaulted Silver Token (AXSI), that features a hybrid structure based on both physical silver and a Digital Right, which offers buyers the ability to purchase a specific amount of refined silver in order to create an AXSI token. This two-part structure offers token purchasers the opportunity to diversify holdings while maintaining a floor value. The Digital Right will bear a value consistent with prevailing market forces, and its value will scale with the growth of the Ampersand ecosystem. Additionally, Ampersand is exploring the development of a blockchain-based hybrid mineral tokens exchange under the guidance of Manatt, Phelps & Phillips, LLP. For more information on Ampersand Markets, please visit https://www.ampersandmarkets.world
TraDove, founded by MIT-trained Kent Yan, is a business-ready blockchain protocol designed to facilitate international trade. This company is attempting to use ethereum-based smart contracts to solve the fundamental trust problem in business-to-business transactions. Every user on this platform is vetted and authenticated, allowing for transactions to take place in a safe, risk-free environment. International transactions and letters of credit are modernized and materially accelerated thanks to TraDove’s solution. TraDove provides effective social-networking features – and an effective platform for B2B buying and selling. By removing barriers and providing opportunities in sourcing, importing, exporting, purchasing and beyond, TraDove is changing the way we do business one connection at a time. Spanning both local and global markets, TraDove operates with a commitment to help corporate buyers and sellers make deals. By focusing on what buyers and sellers need and providing a unique, effective platform, TraDove stands out as a global trade magnet where you can establish productive relationships at any moment.