Havenport Investments partners DiMuto to finance the durian trade using blockchain technology
- Havenport, an asset management and wealth services company, to provide trade financing to Thailand’s largest durian exporter
- Adoption of DiMuto’s blockchain technology to track and trace every single durian from farm to fork enables Havenport to manage and mitigate risks; and confidently finance the durian business – a trade that banks typically find challenging to fund due to the “almost impossible” task of managing risks associated with the fresh fruits industry.
- Achieves breakthrough in trade financing as the partnership with DiMuto empowers Havenport to finance a wider range of quality businesses, including non-conventional ones that traditionally would require more onerous risk management.
Havenport’s founders, Mr Tan and Mr Tern, are veterans in the asset management industry, having held leadership roles in Legg Mason, DBS Asset Management and Rothschild Asset Management. “Our institutional legacy has shaped Havenport’s institutional-style process and risk management to the wide-ranging investment solutions, including new classes of alternative investments such as trade financing. This sets us apart from other trade financing players and lenders,” added Mr Tan. Havenport has plans to expand its trade financing portfolio to cover more suppliers, industries and product types, by leveraging DiMuto’s blockchain technology wherever possible. “Our partnership with Havenport shows the power of DiMuto technology, which can tag, track and trace every food or fruit item as they make their way through the entire supply chain. This not only guarantees data accuracy and reliability but also encourages quality assurance, empowering fund managers like Havenport to price the different associated risks, and provide the financing to global trades,” said DiMuto’s Founder and Chairman, Mr Gary Loh. -end- About Havenport Leveraging its strong heritage in institutional and retail asset management, Havenport is today an asset management and wealth services company integrating its asset management, wealth management and capital management expertise to create innovative investing, wealth and capital solutions for our clients and business partners. Since its establishment in 2010, the firm has been serving the investing needs of sovereign wealth funds, global pension funds, banks, financial advisors and individual investors. Its mission is to create income and growth producing opportunities for passive investors, delivered in a secure and risk conscious manner. About DiMuto DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce. The DiMuto Track&Trace blockchain platform creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over seven countries and five continents. DiMuto is founded by executive chairman Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group, and the Vice Chairman and Non-Executive Director of SunMoon Food Company Ltd.
For media queries, please contact: SEAH Kah Teik Phone : +65 3163 7475 Email : email@example.com HuiMin LEE Email: firstname.lastname@example.org – As featured on the news: The Business Times – Deploying blockchain in durian trade is bearing fruit CityWireAsia – Singapore-based wealth manager inks blockchain deal