Blockchain
UKV International AG Announces Development of Whisky Storage Facility In Edinburgh
Zurich, Switzerland–(Newsfile Corp. – March 23, 2023) – UKV International AG, a leading Swiss-based fine wine and rare whisky investment specialist, has announced the development of its state-of-the-art storage facility in Edinburgh.
Alex James, Senior Consultant of UKV International AG announced that, in line with the company’s dedication to clientele and the whisky industry, UKV is collaborating with Elite Wine and Whisky and its storage division, Elite Whisky Storage, to establish a bonded facility in Edinburgh within the coming year. This development will centralize storage for cask whisky, consolidating it under a single roof within an HMRC-regulated warehouse, as opposed to the current scattered distribution across various distilleries and bonded warehouses throughout Scotland. The establishment of this facility signifies a monumental commitment by UKV and highlights the promising outlook for all stakeholders within the whisky sector. By streamlining storage, enhancing stock tracking capabilities, and offering clients the opportunity to visit the facility, this groundbreaking initiative is poised to transform the landscape of whisky storage and management.
“It has been well documented that Scottish food and drink exports have surged an incredible 30.6% in the last year alone, a record £8.1 Billion, highlighting strong increases in India and Singapore in particular,” James added.
As part of the commitment to clients and the whisky industry, UKV is collaborating with the company’s duty representative, Elite Wine, and Whisky, and storage division, Elite Whisky Storage, to establish a new bonded facility in Edinburgh within the year. The facility will provide UKV with its HMRC-regulated storage for cask whisky and give greater control over stock tracking.
“The development of this facility is a huge commitment and very exciting for everyone connected to UKV and indicates how fruitful the future looks for those involved in the whisky sector. The prospect of being able to consolidate storage facilities, provide greater control over stock tracking, and allow for client access should they wish to visit the facility will be an absolute game changer,” said James.
The longer whisky is aged in a cask, the more refined its flavor and, consequently, its price. The price differences between 15-, 20-, and 30-year-old single malt whisky of the same brand illustrate this point. Whisky is the world’s most popular alcoholic beverage and a highly coveted commodity. Older whisky stocks are in high demand and deplete rapidly after bottling, particularly as some of the world’s largest consumer markets eliminate or reduce import tariffs and duties on whisky.
About UKV International AG
UKV International AG is a Swiss-based fine wine and rare whisky investment specialist. With a dedicated team of whisky and fine wine consultants, the company offers clients a comprehensive overview of the market and valuable insights into market trends. The company’s primary business is based on the acquisition, supply, and sale of single malt Scotch cask whisky, bonded fine wine, and champagne on behalf of private individuals and trade customers. UKV International AG also offers a full brokerage service for individuals looking to sell whisky or wine held in a UK-regulated bond.
Contact details
Alex James
[email protected]
www.ukv-international.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159230
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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