The China Mail - Spirits Capital's Distilled Barrels Financial Exchange (DBFEX) Commences Trading

USD -
AED 3.673042
AFN 71.007121
ALL 87.177673
AMD 389.933212
ANG 1.80229
AOA 917.000367
ARS 1175.525233
AUD 1.55135
AWG 1.8
AZN 1.70397
BAM 1.730107
BBD 2.023884
BDT 121.783361
BGN 1.730107
BHD 0.377903
BIF 2981.556018
BMD 1
BND 1.300632
BOB 6.926445
BRL 5.656604
BSD 1.002344
BTN 84.711398
BWP 13.647662
BYN 3.280375
BYR 19600
BZD 2.013446
CAD 1.39755
CDF 2871.000362
CHF 0.827046
CLF 0.024745
CLP 949.55991
CNY 7.271604
CNH 7.21136
COP 4268.654076
CRC 506.877792
CUC 1
CUP 26.5
CVE 97.540802
CZK 22.046504
DJF 178.495289
DKK 6.604904
DOP 58.870361
DZD 132.406564
EGP 50.738202
ERN 15
ETB 134.130833
EUR 0.88485
FJD 2.255904
FKP 0.753484
GBP 0.753778
GEL 2.740391
GGP 0.753484
GHS 14.082887
GIP 0.753484
GMD 71.503851
GNF 8682.383122
GTQ 7.719935
GYD 210.323323
HKD 7.750104
HNL 26.031227
HRK 6.667404
HTG 130.824008
HUF 357.970388
IDR 16466.95
ILS 3.587704
IMP 0.753484
INR 84.526504
IQD 1313.105401
IRR 42112.503816
ISK 129.310386
JEP 0.753484
JMD 158.989783
JOD 0.709204
JPY 144.82504
KES 129.656332
KGS 87.450384
KHR 4016.099783
KMF 434.503794
KPW 899.999988
KRW 1399.903789
KWD 0.30664
KYD 0.835331
KZT 517.838029
LAK 21675.438984
LBP 89812.021761
LKR 300.154806
LRD 200.477686
LSL 18.451855
LTL 2.95274
LVL 0.60489
LYD 5.473042
MAD 9.29444
MDL 17.240922
MGA 4552.16949
MKD 54.429652
MMK 2099.612718
MNT 3573.127216
MOP 8.002742
MRU 39.924809
MUR 45.330378
MVR 15.410378
MWK 1738.068911
MXN 19.580504
MYR 4.261504
MZN 64.000344
NAD 18.451855
NGN 1603.710377
NIO 36.887965
NOK 10.416604
NPR 135.53806
NZD 1.681945
OMR 0.384758
PAB 1.002344
PEN 3.674908
PGK 4.155867
PHP 55.510375
PKR 281.664912
PLN 3.78168
PYG 8019.815118
QAR 3.657835
RON 4.405604
RSD 103.675527
RUB 82.931576
RWF 1414.74634
SAR 3.750204
SBD 8.340429
SCR 14.208501
SDG 600.503676
SEK 9.654604
SGD 1.299404
SHP 0.785843
SLE 22.790371
SLL 20969.483762
SOS 572.869211
SRD 36.825038
STD 20697.981008
SVC 8.770843
SYP 13001.814505
SZL 18.443982
THB 33.085038
TJS 10.374453
TMT 3.5
TND 3.00721
TOP 2.342104
TRY 38.461804
TTD 6.797293
TWD 30.719304
TZS 2699.367509
UAH 41.850767
UGX 3671.989031
UYU 42.062895
UZS 12930.249016
VES 86.73797
VND 26005
VUV 121.092148
WST 2.778527
XAF 580.261843
XAG 0.031235
XAU 0.000309
XCD 2.70255
XDR 0.72166
XOF 580.261843
XPF 105.497811
YER 244.650363
ZAR 17.988804
ZMK 9001.203587
ZMW 27.820779
ZWL 321.999592
  • JRI

    0.0600

    13.07

    +0.46%

  • NGG

    0.0300

    71.68

    +0.04%

  • GSK

    0.3200

    39.07

    +0.82%

  • BCE

    0.0100

    21.45

    +0.05%

  • BCC

    3.4400

    96.15

    +3.58%

  • SCS

    0.2700

    10.14

    +2.66%

  • RYCEF

    0.1300

    10.35

    +1.26%

  • RBGPF

    67.2100

    67.21

    +100%

  • RIO

    1.1500

    59.7

    +1.93%

  • CMSC

    0.0700

    22.1

    +0.32%

  • CMSD

    0.0600

    22.32

    +0.27%

  • VOD

    -0.1200

    9.61

    -1.25%

  • RELX

    0.9400

    55.02

    +1.71%

  • AZN

    1.9300

    72.44

    +2.66%

  • BTI

    -0.1300

    43.17

    -0.3%

  • BP

    0.2400

    28.12

    +0.85%

Spirits Capital's Distilled Barrels Financial Exchange (DBFEX) Commences Trading
Spirits Capital's Distilled Barrels Financial Exchange (DBFEX) Commences Trading

Spirits Capital's Distilled Barrels Financial Exchange (DBFEX) Commences Trading

The First Global Exchange and Inventory Management System for Bulk Aged Spirits Goes Live

Text size:

SCOTTSDALE, AZ / ACCESS Newswire / January 16, 2025 / Spirits Capital Corporation, a fintech company that integrates technology with the global production, management, and transactional needs of the barrel-aged spirits market, is proud to announce that its Distilled Barrels Financial Exchange ("DBFEX") is officially operational. The platform launches with over 200,000 barrels from multiple distilleries, collectively valued at approximately $400 million. DBFEX also introduces proprietary machine learning technology and a subscription-based SaaS inventory management and compliance tool, creating a transparent and secure exchange for distillers, investors, brokers, and brands to buy and sell barrel-aged spirits.

DBFEX addresses a critical gap in the barrel-aged spirits industry by providing an innovative platform for real-time trading and dynamic valuations of whiskey and other barrel-aged spirits. The platform uses proprietary technology to continuously analyze market data and barrel-specific information, offering optimized price targets for both new-fill and aged barrels.

Ray Franklin, Spirits Capital's Chief Revenue Officer and the executive overseeing DBFEX operations, commented, "We're working closely with independent and branded distilleries, brokers, and institutional investors to onboard inventory into the management software system and onto the DBFEX platform. This collaboration enhances market access and streamlines the entire transaction process."

Todd Sanders, CEO and Chairman of Spirits Capital, added, "Our platform offers disruptive tools, supported by a scalable, cloud-based infrastructure, ensuring the reliability and adaptability needed to respond to evolving market dynamics. Before DBFEX, the buying and selling of barrels were controlled by a limited group of brokers, with pricing determined by the scope of each individual transaction. DBFEX changes the game by offering real-time access to quantities, prices, and valuations to all potential buyers and sellers, ensuring a more transparent and efficient market."

About The Distilled Barrels Financial Exchange (DBFEX)

The Distilled Barrels Financial Exchange (DBFEX) is the world's first digital marketplace designed to transform how distilleries, brands, institutional investors, and brokers engage in a secure and transparent trading environment. DBFEX is not just a marketplace; it is a community where every barrel tells a story. The platform enables members to buy, sell, and trade barrels in a trusted space, unlocking the potential of both inventory and investment. Whether you're a seasoned investor, a distillery optimizing its assets, or a new brand exploring the world of whiskey, DBFEX offers an exclusive gateway to a thriving network of spirits industry professionals.

Founded by a team of industry experts from Spirits Capital, DBFEX aims to enhance the liquidity of barrel-aged spirits and encourage innovation within the open market. Leveraging real-time inventory tracking and sophisticated data analysis powered by machine learning technology, DBFEX delivers easy-to-use tools for both buyers and sellers. With a focus on security and authenticity, the platform ensures every transaction respects the craftsmanship behind these cherished beverages.

DBFEX is a dynamic fusion of tradition and technology, seamlessly blending the legacy of one of America's oldest industries with the capabilities of modern fintech.

Visit www.DBFEX.com for more information.

About Spirits Capital Corporation

Spirits Capital is a fintech firm that integrates technology with the global production and transactional needs of the barrel-aged spirits industry. The company's flagship offering, the Distilled Barrels Financial Exchange (DBFEX), is the first global digital marketplace for buying and selling barrel-aged spirits, aiming to modernize and streamline the trading of this unique asset class.

For more information about Spirits Capital, visit www.spiritscap.com.

Media Contact
Adam Handelsman
Vice President of Corporate Communications
Spirits Capital
512-363-0596
[email protected]

Investor Contact
Kelsee Pottorff
Director of Investor Relations
Spirits Capital
949-674-0355
[email protected]

Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.

SOURCE: Spirits Capital Corporation



View the original press release on ACCESS Newswire

Z.Ma--ThChM