New Zealand based blockchain startup ‘Redeem’ (www.redeem.global) recently obtained advisory from MTI Consulting to refine their investment pitch. Acknowledging the evolving cryptocurrency market, MTI will also accept part of its consultancy fee in the form of Redeem’s cryptocurrency, making MTI among the pioneers in international consulting to do so.
Redeem (RDM) is a (physically located) gold standard retail banking system and a blockchain that uses pre-existing international metal vendors as agents to convert digital assets into physical assets such as precious metals, fiat currencies and 24 karat jewelleries. Their cryptocurrency RDM is backed by 10 precious metals such as Gold, Silver, Platinum and Palladium to name a few, providing a stable coin to protect investors from currency volatility which is a weakness in most of the existing currencies such as Bitcoin.
Redeem’s CEO Jarrod Cordier said, “Redeem is here to revolutionise the global commodity trading market through its blockchain technology, disruptive trading model and transactional system. We have finalised most of our seed capital and strategic partnerships as at now and will be looking forward to our Initial Token Offering (ITO) in the coming months. MTI’s market analysis and advisory has increased our confidence to reach more investors and seek capital to bring this venture to a reality.”
MTI CEO Hilmy Cader added, “Blockchain and Cryptocurrencies are becoming buzzwords in today’s world. However, few understand its application and potential to be the next big trend which can disrupt many industries such as banking and finance, logistics, healthcare, etc. We are pleased to assist Redeem and are confident of the success of their ITO and business, which was reflected in accepting part of our payment in the form of cryptocurrency.”
MTI Consulting is an internationally-networked boutique management consultancy, offering a diverse range of advisory services. Since its inception in 1997, MTI has worked on over 630 assignments in 43 countries, covering a diverse range of industries, clients and business challenges. MTI is increasingly working with innovative and disruptive startups providing them strategic advisory and go-to-market consultancy. MTI conceptualised and hosted idea2fund, one of the premiere startup venture competitions and incubators in Sri Lanka.