MeatBox Global announced on the 29th that it has established a subsidiary called 'MeatMatch Lend' to promote import sales and collateral lending for livestock, and has completed preparations to secure new revenue.
MeatMatch Lend has launched financial services that complement the limitations of the existing livestock collateral market using investment funds established by Stonebridge Asset Management. The service officially started on the 25th.
The newly introduced MeatBox Mitron No. 1 is a livestock asset-based financial service that encompasses collateral lending, import sales, and purchases. It has addressed the limitations and issues of existing livestock collateral markets, such as collateral value assessment errors, decreases in collateral value, and false or duplicate collateral loans.
Additionally, plans are in place to conduct rational collateral value assessments based on the livestock data analysis technology system M.I.T. (Meatbox Insight Tech-Service), which provides customer and transaction analysis data. A key feature is the ability to respond immediately to price fluctuations through market monitoring.
In particular, for livestock collateral lending, Safe management of collateral will be ensured through physical inspections at designated logistics warehouses provided by Stonebridge Asset Management. At this time, collaboration with 'Ace Refrigeration,' a cold storage logistics center specializing in imported meat owned by Stonebridge Asset Management, is planned to fundamentally resolve the issues of existing livestock collateral loans and to provide financial services through various distribution companies via the MeatBox platform and network.