KYG Trade

About KYG Trade

KYG Trade, Inc. is a Delaware-based startup that operates a unique Trade Attestation Platform and Marketplace. This platform is designed to streamline the process of gathering and verifying product attribute data, a task that currently consumes 80% of trade compliance effort and cost. KYG Trade's solution simplifies this process, reducing costs and penalty risks while increasing compliance levels and the utilization of preferential tax, tariff, and SESG benefits.

The company's platform is built on web3.0 technology, which allows for the digital exchange, recordkeeping, and auditability of product attribute data. This data is crucial for tax, trade, sustainability, and ESG (Environmental, Social, and Governance) claims related to the cross-border movement of manufactured goods. By facilitating the exchange of this information, KYG Trade helps companies to meet their social responsibility obligations and avoid potential repercussions such as consumer boycotts, regulatory action, and reputational damage.

KYG Trade's clients are companies involved in cross-border trade, particularly those who are keen to demonstrate their commitment to ESG principles. The company operates in the global trade management market, a sector that is becoming increasingly important as companies face growing pressure to be transparent about their production processes.

The business model of KYG Trade involves providing a platform for the exchange of product attribute data. The company makes money by charging for access to this platform, which offers a more efficient and reliable alternative to traditional methods of data gathering and verification.