The SEBA Bank Gold Token is a watershed moment in financial products, allowing investors to possess a digital representation of genuine gold for the first time through a fully regulated, cost-effective, and future-proof solution. Unlike conventional gold derivatives like as ETFs and OTC contracts, the gold token enables investors to redeem their real gold at any moment from partner refineries, so eliminating expensive travel and storage expenses.
Apart from its physical redeemability, the gold token may also be used as a stablecoin. As the stablecoin industry has developed fast to a market capitalization of more than USD 130 billion, institutional investors are looking for regulated counter parties to offer services in the field. To meet demand, the SEBA Bank Gold Token may be utilized as a fully compliant stablecoin in the digital asset markets, enabling trading and serving as a store of value to protect investors from volatility in both conventional and crypto markets.
“Gold plays a significant role in the capital markets,” says Guido Buehler, CEO of SEBA Bank. With a market capitalization of more than USD 11 trillion, it provides investors with a secure hedge against inflation and a store of wealth regardless of economic turmoil. The gold standard was once the global economic unit of account, creating the bedrock of our international monetary system.
“We are building on this legacy with the introduction of our unique Gold Token, which will enable investors to hold a fully regulated digital version of actual gold for the first time. Physically redeemable at any moment directly from refineries, our gold token eliminates the frictions associated with gold ownership for investors and offers a cost-effective way to possess the asset suited for purpose in the new economy.”
SEBA Bank’s Gold Token, developed in collaboration with Argor-Heraeus, a leading provider of precious metals services, and aXedras, a blockchain-based precious metal platform, aims to increase precious metals adoption by providing a cost-effective, secure, and straightforward method of investing in gold.
According to Christoph Wild, CEO of Argor-Heraeus, “the purpose of our blockchain-based Bullion Integrity LedgerTM is to link the world’s key players in the precious metals business in order to secure the data and product integrity required for novel commodities financing solutions.”
The collaboration with SEBA and ARGOR-HERAEUS through our distributed ledger technology-based business network demonstrates how to use cutting-edge blockchain technology to create unique and efficient finance solutions.”