Blockchain trade financing platform Envoy receives $ 13 million investment from Alcedo Digital Ventures

According to Finextra, blockchain-based supply chain and trade finance startup Envoy Group is seeking to expand beyond Latin America after receiving a $ 13 million investment from Alcedo Digital Ventures. The Envoy Group is based on R3's Corda platform and is designed to integrate seamlessly with traditional data systems and all third-party blockchains, enabling buyers and sellers to manage global trade logistics and find new sources of funding supported by trust. Envoy said the company has recruited customers in Latin America and is seeking to enter other major trade corridors with new funding in place.