Our group of companies, which created the Arbtrust software in late 2017, has its roots in the agribusiness and commodities industry. Our parent company, an agricultural business based in Brazil that began operating as early as 1913 in the country's southern region. The company is primarily involved in producing and processing crops and livestock, as well as trading its products. It was during the 1940s that the family recognized the potential for arbitrage in commodities such as soy due to significant price discrepancies for the same asset across different markets. As a result, the family began trading globally, and the company's first trade was executed at the New York Stock Exchange.
With the aim of strengthening their approach to the tech industry, the two companies merged and sold their e-commerce marketplace software and operations. By the end of 2017, as the digital assets market started to evolve and gain more structure, they saw a significant opportunity to enter a new industry using their established structure and existing technology for different business strategies. This is when they built their software, Arbtrust, which uses a pure arbitrage strategy to intermediate negotiations of digital assets across different markets. They repurposed and reinvented the same arbitrage strategy that the parent company used to trade commodities in the 1940s.
At the end of 2017, our tech company expanded its operations as a fund to external investors and has been running a private fund since then. At present, our group of companies includes two banking institutions, five regulated hedge funds located in Brazil, a software development company, a proprietary blockchain, a real estate development company, and our agribusiness company, which is the backbone of our group.
Following our success with funds, banks, and other businesses, we initiated operations in the United States at the beginning of 2021. Arbtrust is now in its third year of operations, with its headquarters in Miami's financial district, and operates as an independent fund under SEC Reg D, registered in the state of Florida.