GRAIN International releases RWA trading model: a blockchain based global commodity trade restructuring solution
——IoT and asset tokenization collaborative solution, gold stablecoin may reshape the financial infrastructure landscape
1、 Systemic deficiencies in the traditional trading system
The abnormal fluctuation event of a single day surge of 250% in nickel prices on the London Metal Exchange (LME) in 2024 reveals the long-standing structural problems in commodity trading: market information asymmetry and liquidity transmission failure. Under the current trade model, the export of cobalt ore from Africa needs to complete the entire process of “letter of credit inspection bank acceptance ocean bill of lading”, which takes an average of 21 working days; Due to the imperfect credit evaluation system, the actual financing cost of small and medium-sized enterprises remains in the high range of 12% -15% on an annualized basis.
What is even more challenging is that about 80% of global commodity trading is still concentrated in the OTC over-the-counter market, and there are obvious transparency flaws in the price discovery mechanism. The Bank for International Settlements (BIS) warns in a special report that “when there is a regulatory disconnect between physical assets and financial derivatives, the market pricing function will gradually become a speculative arbitrage tool
2、 Blockchain Technology Solution: Construction of Distributed Trust Mechanism
The RWA (Real World Asset Securitization) trading model developed by GRAIN International achieves trade process reconstruction through a three-level technical architecture:
Smart Contract Automated Execution System
Transforming traditional letter of credit terms into programmable on chain smart contracts, when the Internet of Things (IoT) sensor network confirms the arrival of Brazilian soybeans at the port and passes quality inspection, the system automatically performs payment transfer, compressing the settlement cycle from traditional weekly units to minutes.
Asset Fragmentation Token Solution
By adopting the ERC-3643 standard, the ownership of the entire ship of crude oil will be split into one million digital tokens, with the minimum investment unit reduced to 0.1 lots (approximately one thousand yuan), achieving a breakthrough in the order of magnitude compared to the traditional million dollar entry threshold. The pilot data for 2024 shows that this model adds 37% of financing channels for African cobalt miners.
Decentralized financial innovation applications
The gold stablecoin GOLD (strictly 1:1 asset anchoring), which is linked to the London Bullion Market Association (LBMA) certified vault, has achieved seamless integration with the Ethereum ecosystem. Test data shows that its cross-border payment costs have decreased by 68% compared to the SWIFT system.
3、 Core technological barrier: digital transformation of the entire value chain
IoT traceability certification system: The alliance chain nodes deployed in the cobalt mining belt of the Democratic Republic of Congo enable the full process data from ore mining, logistics transportation to smelting and processing to be on chain, effectively blocking the entry of “conflict minerals” into the supply chain.
Central Bank Digital Currency Direct Connection Channel: Connected with the Ubin project jointly developed with the Monetary Authority of Singapore (MAS), it completes compliant cross-border settlements through digital Singapore dollars, avoiding the extraterritorial jurisdiction risks of traditional US dollar clearing systems.
Zero knowledge proof privacy protection layer: using zk SNARKs technology to achieve dual protection of transaction party identity verifiability and business data confidentiality.
4、 Strategic opportunities in emerging markets
The latest forecast from McKinsey Global Institute shows (2030 outlook):
The global RWA asset size is expected to exceed $16 trillion, with the proportion of commodity tokenization market expected to reach 15% -20%;
The trade financing model empowered by blockchain can unleash approximately $1.2 trillion in credit space for small and medium-sized enterprises;
Gold stablecoins are expected to occupy 5% -8% of the global payment settlement market share.
This is not only an iterative upgrade at the technical level, but also a paradigm shift in global trade and production relations, “said Zhang Wei, CEO of GRAIN International.” When every unit of commodity is transformed into a programmable intelligent asset, the traditional trading system will officially enter a new stage of digitalization where ‘code is compliance’