Agri-commodities trading and financing platform on Blockchain

To improve agribusiness so profoundly, traders won’t go back to the old ways.

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Cross-border payments for grains

Old way

  • Currently payments are effected exclusively in USD
  • While sending and receiving USD, buyer and seller need to convert their local currency, often at Forex +2%.
  • Slow and costly passage through corresponding banks. Sometimes Black / Med seas parties need second (Often EU) corresponding bank.
  • Excessive messaging between banks and different SWIFT processing offices and verification with each message (including passing through SWIFT’s screening&sanctions portal).
  • Often money can be blocked between US corresponding banks, either for verification, or in certain cases for a complete freeze.
  • Manual customer service

Cerealia

  • Parties paying and receiving money in currencies of their choice (national currencies, stablecoins, cryptos, etc) Cerealia members will have digital wallets for all currencies, supported by our FinTech partners.
  • Significantly more favourable currency exchange rates, in the near future - Forex rates are expected.
  • Atomic exchange (must be performed entirely or not performed at all)
  • Near real-time delivery of payments.
  • Symbolic fees
  • Automated customer service.
  • Trade Finance marketplace and Exchanges.

How it works

1

Contract conditions

Parties negotiate contract terms. Once they agree they digitally sign it on a DLT (blockchain). We will provide all functionality to efficiently reach a contractual agreement. Any party can request amendments of the conditions. It will be legitimate only when the other party approves it. The platform will keep the history of all amendments and negotiation flow (encrypted).

2

Cargo documents

According to the conditions, Seller will need to submit cargo documents, to proceed with the trade. Platform will keep track of them and do encryption. Later cargo docs will be submitted directly by the parties which issue them (shipowner, inspection, phyto, etc) to our platform. We are creating a trusted validation process.

3

Asset token

Seller directs his supplier to send cargo tokens (representing his collateral) to the Cerealia Smart-Contract™.

4

Trade finance

Buyer and seller will need to send additional small guarantee in cash to the Cerealia Smart-Contract™. Lender disburses trade finance amount only once, but in fact financing both seller and buyer.

Smart contract

5

Operations

Seller and buyer get the money to finance their operations within this contract. The details are encrypted.

1

Contract conditions

Parties negotiate contract terms. Once they agree they digitally sign it on a DLT (blockchain). We will provide all functionality to efficiently reach a contractual agreement. Any party can request amendments of the conditions. It will be legitimate only when the other party approves it. The platform will keep the history of all amendments and negotiation flow (encrypted).

2

Cargo documents

According to the conditions, Seller will need to submit cargo documents, to proceed with the trade. Platform will keep track of them and do encryption. Later cargo docs will be submitted directly by the parties which issue them (shipowner, inspection, phyto, etc) to our platform. We are creating a trusted validation process.

3

Asset token

Seller directs his supplier to send cargo tokens (representing his collateral) to the Cerealia Smart-Contract™.

4

Trade finance

Buyer and seller will need to send additional small guarantee in cash to the Cerealia Smart-Contract™. Lender disburses trade finance amount only once, but in fact financing both seller and buyer.

Smart contract

5

Operations

Seller and buyer get the money to finance their operations within this contract. The details are encrypted.

In case of disputes and arbitration, Cerealia Smart-Contract™ is an irrevertible and secure trace for audit.

Our Value Proposition

Distributed Ledger Technology

Blockchain removes centralisation of trust by creating a distributed ledger that is not owned by a central authority.

Smart contracts

Remove inefficiencies with smart contracts

Assets tokens

Tokenized cargo for easier trade

Payments

Payments and Trade Finance enabled by FinTech

Hedging

Hedging and market news

New dimension of Brokerage

Moving broking to the next level

Privacy

State-of-the-art cryptographic datastructures and unparalleled decentralization provide efficiency and eliminate single-point-of-failure.

Watch Cerealia Videos

Cerealia presentation at Y-parc, Switzerland

Chat with Swithun Still, Deputy President of GAFTA & Director of Solaris Commodities

Discussing blockchain choice for Cerealia with Robert Zaremba

Pitching CEREALIA at InnoPark Suisse, with accent on technology

Cerealia in the Media

Crypto currencies to be a good alternative to USD in grain trading — CEREALIA

June 13, 13:30 APK-Inform

Using the crypto currencies, in near future, for trading operations will permit to move away from USD, declared the Co-founder and CEO of blockchain grain trade start-up – CEREALIA, Andrei Grigorov at the Panel discussion “Grain trade – 2018: key trends” at the seventeenth international conference Grain & Maritime Days in Odessa on May 24.

Read full article on APK-Inform site.

Blockchain radically transforms the agricultural financing — CEREALIA

Jun 12, 2018, 9:40 AM APK-Inform

In the nearest future, application of blockchain technology will fundamentally transform the agricultural financing, declared the Co-founder and CEO of blockchain grain trade start-up – CEREALIA, Andrei Grigorov during his report at the seventeenth international conference Grain & Maritime Days in Odessa on May 25.

Read full article on APK-Inform site.

Our Partners

Team

Andrei Grigorov

Co-founder, CEO

Robert Zaremba

Co-founder, CTO

Lin Hong

Senior Software Engineer (Frontend)

Wang Zhong

Senior Software Engineer (Backend)

Martynas Maciulevičius

Software Engineer (Backend)

Roman Tarasevych

Designer, Ein-Des-Ein

Dimitriy Tolmachov

Project Manager, Ein-Des-Ein

Inna Zubareva

PR & Branding

Philip J. Weights

Advisor

Swithun Still

Advisor

Olivier Depierre

Advisor

Natalja Skuratovic

Advisor

Thomas Houghton

Advisor

Alexander Hanson

Advisor

FAQ

What is Cerealia?

Cerealia is a marketplace for grain trading, financing and tokenization.

What commodities does Cerealia support?

Wheat
Barley
Corn
Millet
Oats
Rye
Sorghum
Triticale
Rice
Peas
Chickpeas
Buckwheat

What are your competitive advantages?

Blockchain technology enabling fast and paper-less grain trading, secured and trusted storage and reconciliation of contracts and certificates. We utilize new FinTech solutions to provide seamless cross-border payments and trade finance.

Who is the target audience of your ecosystem?

Small and medium-sized traders and farmers. Initially we target countries outside of the Western world due to the acute problem with obtaining USD and trade finance.

How much are the fees?

For the physical trades Cerealia charges competitive fees compared to the existing market. Furthermore we are offering a partnership programs.

I’m a lender. What is the value proposition for me?

Our customers are ready to post their grains as a collateral and 10% security cash. There will be possibility to finance both buyer and seller of the transaction, disbursing the amount only once.

Where can I ask questions?

contact@cerealia.ch; call us on: + 41 79 612 85 46

From the IT perspective, what is the Cerealia System?

Our system is a set of decentralized applications (apps) and services working in a secure cloud, which bundle together state of the art encryption, blockchain and FinTech solutions.

To the end user (trader) the system is accessible through an easy and effective web browser interface.

Do I need to make IT investment to use Cerealia system?

**No application installation, blockchain or IT investment is required.**

How can I join the platform?

MVP is going to be release at the beginning of October. The working 1.0 version is expected to be released in Q1 2019. Please fill the form with your details, if you will like to participate in the early-adopters program and subscribe to our newsletter.

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Distributed Ledger Technology

Blockchain removes centralisation of trust by creating a distributed ledger that is not owned by a central authority.

Distributed Ledger Technology represents — in an immutable way — ownership and transfer of value or property associated to it without an intermediary (what is called trustless consensus). This enables transactions to be able to operate autonomously using programmatic features called smart contracts, that rely on cryptography to perform/validate their purpose (e.g. move around assets, execute agreements) with an unprecedented level of security (distributed systems have no single point of failure).

Smart contracts

Remove inefficiencies with smart contracts

Smart contracts will have the same wording “as per GAFTA”, but the payment will be automatically effected as soon as required digital documents are implemented on a blockchain. Other conditions will self-execute as per pre-agreed terms. No more Letters of Credit will be needed, their more efficient versions will simply be embedded into smart contracts. Obtaining signed contracts won’t take days or weeks as it does today. Buyers and sellers will instantaneously digitally sign contracts immediately after the terms are agreed. Blockchain and smart contracts render transactions fast, efficient, traceable and irreversible, which limits disputes, serves audit and arbitration purposes.

Assets tokens

Tokenized cargo for easier trade

We will propose tokenization of cargo to our customers, which will enable them to quickly match delivery versus payment, transmission of ownership, collateralization and allow easier trade of goods in a liquid digital form. The tokens will reflect the exact specifications of the goods, depending on quality, origin and distance from the most active delivery points. CEREAL tokens will trade on our platform. This will enable price discovery, especially for the unlisted products. It will be backed by grains, therefore equal to e.g. wheat or corn prices. All kind of investors might be interested in this token.

Payments

Payments and Trade Finance enabled by FinTech

Companies on our platform will be able to trade in the currencies of their choice (national currencies, stablecoins, tokens, etc), all enabled by Blockchain and financial technologies. Together with our regulated partners we will provide trade finance – much cheaper then using traditional banks outside of the Western world and also in our customers’ preferred currencies. Fintech is a new untapped source of trade finance. Companies will have a constant access to stable-coins to insulate themselves from currency volatility.

Hedging

Hedging and market news

We plan to make hedging readily available to our clients on the same dashboard where they will trade physical commodity. We strongly believe in OTC derivatives like Swaps which can be accessible and affordable to SMEs and farmers. Clients will be able to trade Swaps in the form of smart contracts. Furthermore, we plan partnerships with major international and local agri-news providers, in order to have the most complete grain trade news offer on our platform.

New dimension of Brokerage

Moving broking to the next level

A large share of grain trading is done through the physical market brokers. Brokers with the current biz-done-on the-phone model are basically only fixing the contracts’ prices and slowing the processes. CEREALIA is positioning itself as a new type of efficient broker, providing not only trading but also trade finance and tokenization, all backed by blockchain technologies.

Andrei Grigorov

Co-founder, CEO

Agri-products trader with 20 years’ experience in intl. grains, oilseeds and veg. oils trading and logistics.

Began his career at French grain brokerage house Plantureux, then switched to trader’s role at agri-division of LUKOIL, then to head of Russian grains origination at Transoil Intl, and later set-up with partners his own trading company – Euro Trust Trading and propelled it from scratch to one of the most reliable suppliers of 3-5k mt grain cargos to Med destinations for 12 years.

Traded and executed over 1000 agri-products vessels during his career.

Has extensive experience in structuring, negotiating trade finance facilities with all Swiss banks involved in this business.

Extensive knowledge of derivatives and hedging tools too.
42, half Russian, half Ukrainian

Speaks Russian, English & French

Robert Zaremba

Co-founder, CTO

M.Sc. Computer Science, well versed in Software Design, Decentralized Systems, Data Mining and Analytics. Robert is recognized as a thought leader in emergent technology (Blockchain, Analytics, Machine Learning), startups and sustainable economy disruption. By working with purpose and drive, Robert delivers IT solutions and educational development. In his day-to-day work Robert is a strong advocate and practitioner of agile methodologies.

Professionally, Robert is doing R&D in a data intelligence, fintech and crypto-economics area. Furthermore he is active in the community space: DevChain Geneva (co-founder, mentor, trainer), EC-Council (Advisory Board Member), Swiss Blockchain Association (Founding Member), Swiss FinTech and ICO advisory

Lin Hong

Senior Software Engineer (Frontend)

M.S in Computer Science.

With over 10 years of professional career, Lin is widely known as senior web and mobile app developer who mastered many programming languages such as C, C++, C#, Java, JavaScript, Python, Ruby and so on.

He is specialized in front-end development with proven track of records of creating many websites, web apps and mobile apps for various companies.

Wang Zhong

Senior Software Engineer (Backend)

M.S in Computer Science.

Wang is specialized in back-end development. Since the beginning his journey as a freelance web developer nearly 10 years ago, he worked for agencies, consulted for startups and collaborated with talented people to create digital products, both for business and commercial use. Wang is quietly confident, naturally curious and perpetually improving his chops.

Martynas Maciulevičius

Software Engineer (Backend)

Developer with experience in various fields ranging from mobile app development in small company to back-end development in a banking industry.

Currently mostly involved in back-end projects. Mostly used to do Java and Clojure.

Roman Tarasevych

Designer, Ein-Des-Ein

Dimitriy Tolmachov

Project Manager, Ein-Des-Ein

Inna Zubareva

PR & Branding

Inna is a social media influencer and digital marketing strategist, based in Geneva. Launched in 2012, her Instagram based blog is on the forefront of the new wave of digital influence in Switzerland.

Inna holds a doctorate of Business Administration degree and a Master’s degree in finance. She has also obtained an MBA from the University of Geneva.

Building on her financial management and digital marketing experience, she combines a solid expertise in business development.

Philip J. Weights

Advisor

Philip is Co-Founder & Managing Director of Swiss based “Ambassadors of Private Banking LLC”. APB is a consulting business facilitating M&A transactions to consolidate small Swiss Private Banks into a multi-brand consortium, and to source one-off private bank acquisition transactions. In addition, Philip is Co-Founder and Executive Director of the Kairos Trade Group in St. Sulpice-CH. Kairos provides trade finance facilities to SME’s, primarily for transactions involving commodity import / export to or from the EU. Philip is also the Founder & MD of Enhanced Banking Governance GmbH in Zurich, and Dubai. EBG provides governance services to boards of directors, audit committees and executive management to strengthen the corporate governance framework.

Philip was previously Chief Audit Executive for EFG Bank, a stock exchange listed private banking group headquartered in Zurich. For over a decade until 2014, Philip worked closely with, and attended, the bank’s Audit, Risk and Executive Committee meetings. Prior to working with EFG Philip held audit executive positions with HSBC Private Bank and Republic National Bank in Switzerland.

Philip is a Certified Professional Director through the Mudara Institute of Directors in the Dubai DIFC.

Swithun Still

Advisor

Swithun Still started his career in the grain market in 1999 in London, before moving to Paris in 2001 and to Switzerland in 2003.

In 2009 Swithun joined Alegrow S.A. as Commercial Director and in 2011 became Director of Solaris Commodities S.A. and is specialized in the trade of Black Sea grains, mostly Russian wheat and corn.

Swithun acts as a GAFTA Arbitrator and Appeal Board Member and is also currently Deputy President of GAFTA Council. He holds a degree in Russian & French from Durham University.

Olivier Depierre

Advisor

Aged 44, Olivier is an attorney-at-law to the Geneva Bar holding a LL.M in Banking & Finance, a MAS in Compliance Management and is a registered Trust & Estate Practitioner (TEP). With a long experience in financial regulation and banking law, Olivier has become an expert in TGE (ICO) structuring and and has supported ICOs in Switzerland, Liechtenstein and Gibraltar in compliance with the local Financial Regulators.

He accompanies private clients and entities such as banks and other financial intermediaries as regards the acceptance, financing and development of projects in the field of blockchain and cryptocurrencies.

Olivier is also an author at the Centre for Banking and Financial Law at the University of Geneva and a speaker on blockchain/cryptocurrencies and financial regulation for various conferences. He has published numerous articles and contributions in the Swiss specialized press and in the French-speaking part of Switzerland.

At Cerealia, Olivier provides legal advice and works with us on the payment execution model.

Natalja Skuratovic

Advisor

Senior Grain Trader, Agri-Business Analyst. Extensive experience in international grain trading, logistics, trade finance, hedging.

Natalja holds two Master’s degrees: International Business Administration and Romance & Germanic Philology and speaks 10 languages fluently. She started in grain business some 20 years ago as a grain trader trainee at Glencore Agriculture BV in Rotterdam, Netherlands.

Having garnered valuable experiences at different departments while working her way up, Natalja first joined Glencore’s EU desk, where she was responsible for the EU grain markets, later strengthened North Africa and Middle East trading desk as a Senior Trader.

After about a decade with Glencore, Natalja was head hunted by CairoThree A, who is a major supplier of agricultural commodities across in the Middle East and North Africa and engages in trading, stevedoring, and storing,as well as transportation and distribution operations.

Upon her return to Europe, Natalja briefly worked for one of the major cooperatives in Germany, Raiffeisen Waren-Zentrale Rhein-Main eG (RWZ),before becoming a senior trader, consultant and advisor to the board of an ambitious and successful privately owned Lithuanian grain and oil trading group of companies Alfagra, Litbelinvest and Premium Oils.

Natalja’s ability to facilitate consensus led her to negotiate many lucrative deals, and her profound knowledge of trading along with her communication skills, helped to ensure their successful execution.

Possessing considerable experience, knowledge, and credibility required for deal-making across the globe, and customer focused mindset and approach combined with admirable risk assessment and problem-solving skills, Natalja has excelled in the commodity world, which is still very much dominated by men.

Thomas Houghton

Advisor

Working in the commodity industry since 2010, Tom began his career in mining and metals. He switched to agriculture in 2015 when he joined S&P Global Platts and was part of the team which launched the Black Sea swap.

In 2017 he was one of the founding members of AgriCensus where he is responsible for its global wheat and barley market coverage.

Alexander Hanson

Advisor

Alexander Hanson is the founder of ARC (Active Risk Consulting), specialising in turning risk into advantage and growth for businesses.

ARC is a collaboration of business associates, leveraging expertise in Risk Management, Data Quality Management and Trade Finance as well as Insurance, Compliance and Legal Services which can be applied across many industries and business cycles.

Following graduation with a First-Class degree in Applied Chemistry from Kingston University, he spent a further nine years working in the UK before settling in Switzerland in 1996.

He has held senior executive roles within blue-chip, multi-national corporations on a global, regional and country basis across various commodity, trading, supply chain and processing industries.

He brings extensive knowledge of risk management, business transformation, trading, operations, logistics and financing.