
InfiniGold Pty Ltd
Enterprise technology for tokenizing and managing commodity assets.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
AUD2.0m | Series A | ||
Total Funding | 000k |
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InfiniGold Pty Ltd, which rebranded to Trovio in February 2021, is a technology company specializing in the digitization and management of real-world assets. Founded in 2017 and headquartered in Sydney, Australia, the firm was incubated out of Australia's Rozetta Institute.
The company's core business revolves around its proprietary platform, initially named CommoditiesPass and later CorTenX, a platform-as-a-service solution that enables the tokenization of physical commodities. This technology allows for the fractionalization of physical assets, such as gold, silver, carbon, and iron ore, creating digital tokens that can be traded on public or private blockchains. Trovio serves both B2C and B2B clients, providing them with access to global commodity markets, improved supply chain transparency, and new financing sources. A notable early project was the Perth Mint Gold Token (PMGT), the first token on a public blockchain backed by a government-guaranteed asset. More recently, the company has expanded its focus to environmental assets, offering registry services for carbon credits, biodiversity units, and sustainable fuels through its CorTenX platform. The Australian Government's Clean Energy Regulator engaged Trovio to build its new Unit and Certificate Registry.
The company was founded by Steve Bellotti and Bob Tucker. The current CEO is Jon Deane, former Head of Asia Commodities Trading for JP Morgan. Trovio's leadership team has roots in the early days of digital assets, with some members having been part of the original DigiCash project. In February 2021, the company raised AUD $6.25 million in a Series B funding round to facilitate its rebranding and the build-out of its commodities platform. Trovio has also been involved in mergers, combining with TCM to form the Trovio Group in a deal valued at over $200 million, and more recently merging its asset management arm with JellyC to attract institutional investors.
Keywords: asset tokenization, commodity digitization, environmental assets, carbon credits, registry services, blockchain technology, physical assets, digital certificates, supply chain transparency, CommoditiesPass, CorTenX, digital gold, financial software, fintech, asset management, risk management, sustainable fuels, renewable energy certificates, biodiversity units, inventory management