Commodities and trade

VANTIS Industrial Metals

Manufacturers need clearer prices and safer counterparties. Capital needs a market it can enter and exit with confidence.

Our thesis

Vietnam's industrial-metals market needs better price discovery, collateral, and counterparty security.

We design the protocols and frameworks that support that market. We do not operate an exchange.

Jurisdiction
Vietnam & ASEAN
Counterparts
MXV, banks, traders
Engagement
Market design
Products
Copper, aluminium, steel
Benchmarks
LME, CME, SGX
01Perspective

Settlement risk sits in the gaps

A manufacturer hedging copper exposure needs a transparent price and a counterparty it can trust.

Vietnam's Mercantile Exchange has built links with Singapore, Malaysia, and Indonesia, but industrial metals remain less developed than agricultural products. VANTIS works on the missing market structure: clearer prices, better liquidity, and safer settlement for copper, aluminium, and steel. We do not operate an exchange. We design protocols and coordinate physical participants, financiers, and authorities so the market can support more reliable trading.

02The Problem

Where industrial-metal markets fail

Opaque prices, basis risk, and counterparty exposure keep participants cautious.

The Pressure

Demand is ahead of structure

Vietnam's manufacturing and infrastructure build-out drives sustained demand for copper, aluminium, and steel, while MXV has strengthened linkages with SGX, BMD, and Indonesia's ACM. Regional markets are converging, yet domestic price discovery for industrial metals remains fragmented.

The Friction

Prices are opaque

Traders and manufacturers face limited counterparties and settlement risk. Capital also needs a clearer way to enter and exit the Vietnamese metals market.

The Corvus Mandate

Build liquidity

We design protocols, counterparty rules, and settlement processes that improve price discovery for industrial metals.

The Pressure

Benchmarks need infrastructure

MXV connects to LME, CME Group, and Singapore exchanges, and Vietnamese participants increasingly need access to benchmark pricing and hedging instruments. The infrastructure linking domestic physical markets to global benchmarks is still maturing.

The Friction

Basis risk adds up

Vietnamese participants often hedge local exposure against global benchmarks. Clearing, collateral, and compliance need to be strong enough for that link to work.

The Corvus Mandate

Secure the process

We design collateral, clearing, and compliance processes that connect local physical markets to global benchmarks.

The Pressure

Financing needs collateral

Industrial land absorption and logistics expansion sustain metals demand, and banks and corporates increasingly seek secured supply-chain financing and commodity-backed structures. The opportunity exists to formalise and scale these structures.

The Friction

Counterparty risk blocks credit

Unsecured trades leave banks and corporates exposed to default. Credit depends on clear KYC, collateral, and dispute rules.

The Corvus Mandate

Set rules for counterparties

We structure agreements, collateral pools, and dispute processes that support secured trading.

03Engagement Model

From protocol design to regulated participation

A practical sequence from market rules to secured operation.

01

Market design and protocols

We set trading rules, order types, and execution standards for industrial-metal products.

02

Price discovery and benchmarks

We connect local prices to global references so participants can measure and hedge exposure.

03

Collateral and counterparty risk

We design margin, collateral, and default procedures for secured trading.

04

Regulatory and exchange liaison

We coordinate with authorities and exchanges on licensing, disclosure, and market rules.

04Why Corvus

Infrastructure, not intermediation

We work on the liquidity, transparency, and risk rules that let more participants enter the market.

Market integrity

Clear protocols and compliance rules for participants.

Liquidity

Market structures that improve price discovery and execution.

Secured trading

Collateral and counterparty rules for banks and corporates.

Operations

Protocols that can adapt as the market and rules change.