PGC
PGC operates TradeSource, a B2B infrastructure platform that digitizes warehouse receipts into secure, transferable digital titles for exporters, importers, and warehouse operators engaged in international physical commodity trade.
- Company typePrivate
- Founded2024
- HeadquartersNice, France
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What PGC does
PGC operates the TradeSource platform, a B2B digital infrastructure that converts paper-based warehouse receipts into secure, transferable digital titles for international physical commodity trade. The platform is designed for three primary user groups: exporters who need to prove ownership and initiate cross-border transactions; importers who require verified title before payment and reduced counterparty risk; and warehouse operators who issue and manage the underlying receipts. Each digital receipt bundles verified warehouse data, inspection and certification records, electronic signatures and timestamps, cryptographic document hashes, and automated execution logic, enabling programmable settlement and full traceability from deposit through delivery. The company is headquartered in France, was founded in 2023/2024, and operates with a three-person core founding team plus an advisory board.
The underlying technology combines cryptographic document security with programmable trade documentation on a compliance-oriented digital layer, supported by a technology partnership with Polygon for blockchain infrastructure. The product roadmap runs from Proof of Concept completion in Q4 2024 through MVP deployment in Q2 2026, with the first pilot corridor planned for Vietnam to West Africa in Q3 2026 and first recurring transaction revenues expected in Q4 2026. The go-to-market is enterprise field sales led by founders, starting with a single pilot corridor designed to build network density before expansion. Distribution is direct: no marketplace or reseller channels are used, and there are no public pricing tiers; instead, fees are applied per transaction at the point of redemption.
The revenue model is a two-sided transaction fee structure: a fee is charged when buyers redeem goods for delivery, with the fee fairly split between buyer and seller to keep value circulating within the ecosystem. Funding to date is non-dilutive, coming from the State of France via the France 2030 initiative with Bpifrance as the financial partner supporting PoC completion. Specific funding amounts are not disclosed, no institutional venture capital has been announced, and a seed round is targeted for Q1 2027 to finance scaling and corridor industrialization in 2027-2028.
PGC firmographics
Firmographics- Name
- PGC
- Legal name
- TradeSource
- Website
- https://tradesource.xyz
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PGC operates TradeSource, a B2B infrastructure platform that digitizes warehouse receipts into secure, transferable digital titles for exporters, importers, and warehouse operators engaged in international physical commodity trade.
- Ownership category
- akta.pro rank
PGC industry classification
Industry- Product category
- Digital Trade Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Supply Chain & Inventory/Warehouse Receipt Tokenization (FSADAEAH)
- akta.pro secondary industries
- Trade Finance & Receivables Tokenization (FSADAEAG), Trade Finance & Supply Chain Finance Platforms (FSAGAJAL)
Keywords
Where PGC is headquartered
LocationHeadquarters
- HQ city
- Nice
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
PGC business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Transaction Fees: Transaction fees applied when buyers redeem goods for delivery. Fee is fairly split between buyer and seller, creating a two-sided transaction revenue model that keeps value circulating within the ecosystem.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based fee model |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
PGC product offering
Product offeringCore offering
TradeSource is a B2B digital infrastructure platform that transforms paper-based warehouse receipts into secure, transferable digital titles for international trade. It enables warehouse operators to issue tamper-proof digital receipts, exporters to prove ownership and initiate cross-border transactions, and importers to verify title before payment — using cryptographic hashing, electronic signatures, timestamps, and automated execution logic to reduce fraud and accelerate settlement.
Product overview
TradeSource is a single unified B2B digital infrastructure platform that digitizes warehouse receipts into secure digital titles for international trade. The platform consists of the TradeSource Platform core system, which enables warehouse operators to issue tamper-proof digital receipts, exporters to prove ownership and initiate cross-border transactions, and importers to receive and verify ownership before payment. Each digital receipt contains verified warehouse data, inspection records, electronic signatures, cryptographic hashes, and automated execution logic. The platform follows a corridor entry strategy, with the first pilot corridor planned for Vietnam to West Africa.
Differentiator
Problem solved
Functional benefit
Products and services
- TradeSource Platform B2B digital infrastructure platform that transforms warehouse receipts into secure digital titles for international trade. Enables trade participants (exporters, importers, warehouse operators) to prove ownership, transfer goods, and execute transactions more efficiently — reducing fraud, simplifying coordination, and accelerating settlement across borders.
Quantifiable outcome
- Reduced fraud through verifiable digital ownership records
- +2 more outcomes
Companies that use PGC
Customer profileSegments3 records
Ideal customer profiles3 records
PGC technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
PGC partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
PGC competitors and assessment
Company assessmentDirect peers
- Komgo: Komgo is a blockchain-based trade finance platform founded by major commodity trading and banking institutions (including BNP Paribas, Shell, and Société Générale). It directly overlaps with TradeSource in digitizing trade documentation and reducing fraud in cross-border commodity transactions.
- Contour (formerly Voltron): Contour is a digital trade finance network using R3 Corda for issuing and exchanging electronic letters of credit and bills of lading among banks and corporates. It is a direct competitor in digitizing paper-based trade documentation.
- Marco Polo Network (TradeIX): Marco Polo Network is a bank-led trade finance platform built on R3 Corda, focused on open account and payable/ receivable financing for cross-border trade. It competes with TradeSource on programmable trade documents and settlement automation across corridors.
- essDOCS: essDOCS provides electronic Bill of Lading (eBL) and other electronic trade document solutions, widely adopted by carriers, banks, and traders. It is a direct peer in digitizing paper-based trade documents and enabling faster cross-border settlement.
- we.trade: we.trade is a blockchain trade finance platform originally founded by a consortium of European banks (IBM Blockchain-based). It targets SME access to cross-border trade financing, directly overlapping with TradeSource's value proposition of lowering SME trade access barriers.
- Enigio (trace:original): Enigio offers trace:original, an electronic document technology for creating and transferring original electronic trade documents (bills of lading, warehouse receipts) with legal standing. It directly competes with TradeSource in replacing paper warehouse receipts with digital titles.
- VAKT: VAKT is a post-trade commodities platform (backed by BP, Shell, Equinor, and Mercuria) that digitizes physical oil and metals trade documents and settlement processes. It is a direct comparator in moving commodity trade documentation from paper to digital and enabling real-time settlement.
Emerging players
- Clearing (by Windward) — formerly TradeAware by Binkabi: Clearing is a digital trade documentation platform focused on emerging-market corridors, originally built by Binkabi for agricultural commodity trade. It is an emerging peer operating in adjacent emerging-market corridors and overlapping on warehouse receipt digitization for commodities.
- Centrifuge: Centrifuge is a decentralized protocol for tokenizing real-world assets (including invoices and receivables) on Ethereum for financing purposes. It overlaps with TradeSource in tokenizing trade-related assets to unlock liquidity, but operates as a protocol rather than a vertical warehouse-receipt platform.
Broad incumbents
- Covantis: Covantis is a post-trade execution platform for agricultural commodities, founded by major agribusinesses (ADM, Bunge, Cargill, Louis Dreyfus, Glencore). It is a broader incumbent digitizing commodity trade workflows in agricultural shipping — adjacent to TradeSource's warehouse-receipt layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
PGC social profiles
Digital presencePGC financial estimates
Financial estimateRevenue estimate
Valuation estimate
PGC leadership team
Management profileNumber of profiles
Profiles5 records
PGC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PGC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PGC
What does PGC do?
TradeSource is a B2B digital infrastructure platform that transforms paper-based warehouse receipts into secure, transferable digital titles for international trade. It enables warehouse operators to issue tamper-proof digital receipts, exporters to prove ownership and initiate cross-border transactions, and importers to verify title before payment — using cryptographic hashing, electronic signatures, timestamps, and automated execution logic to reduce fraud and accelerate settlement.
Is PGC a public or private company?
PGC is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PGC founded?
PGC was founded in 2024. It employs 1 to 10 people.
Where is PGC based?
PGC is headquartered in Nice, France, in the Europe region.
How does PGC make money?
One revenue line is on record: transaction Fees.
Who are PGC's main competitors?
Direct peers on record are Komgo, Contour (formerly Voltron), Marco Polo Network (TradeIX), essDOCS, we.trade, Enigio (trace:original) and VAKT. Emerging players are Clearing (by Windward) — formerly TradeAware by Binkabi and Centrifuge. Covantis is listed as a broad incumbent.
Does PGC have an API?
No public API is recorded for PGC.
What industry is PGC in?
PGC's product category is Digital Trade Infrastructure. Its primary akta.pro industry code is FSADAEAH, Supply Chain & Inventory/Warehouse Receipt Tokenization, with a secondary code of FSADAEAG, Trade Finance & Receivables Tokenization. Its NAICS code is 52232 and its SIC code is 6200.