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nChain to Take a Strategic Stake in Tradewindow

nChain, a world leader in Web3 and enterprise blockchain technology and the developer of the BSV Protocol, today announces it has entered into a heads of agreement to take a 19.99% stake in TradeWindow (NZX: TWL), a leading international TradeTech company. The investment deal is valued at USD 7 million and nChain will also identify a new member to join TradeWindow's board of directors.

In addition to cash, the strategic investment by nChain would see the company provide TradeWindow additional software engineering capabilities to accelerate its Web3 transformation journey and delivery of its global trade platform. nChain brings leading-edge blockchain computing infrastructure to the partnership along with extensive software development and enterprise sales capabilities.

Founded in December 2018, TradeWindow is an NZX-listed software company that provides digital solutions for exporters, importers, freight forwarders, and customs brokers to drive productivity, increase connectivity, and enhance visibility.

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