Envoy said to raise $13.5m in funding

Envoy, a blockchain-powered trade finance platform, has reportedly raised $13.5m investment from Alcedo Digital Ventures.

The company is onboarding a number of clients in Brazil and is looking to expand across the region, according to an article from the Global Trade Review.

Based in London, Envoy is a blockchain-based marketplace which connects buyers and sellers while improving governance and transparency for all participants. Its platform, which uses the R3 blockchain network, boasts quick validation of transactions between entities that have been through anti-money laundering and know your customer protocols.

Envoy provides institutional investors with the tools to quickly originate and profile investments more quickly and cost-efficiently.

To ensure security of trades, the company issued NVOY tokens, which is built on the Stellar blockchain. The tokens are designed to support instant and trustworthy cross-border trades.

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