aXedras Joins London Bullion Market Association (LBMA) as its First Technology Member
Updated: Mar 4
Zug, Switzerland – 19th February 2025 – aXedras, a Swiss technology company specialised in the precious metals industry, has become a London Bullion Market Association (LBMA) Affiliate Member, further solidifying its commitment to connect the precious metals industry through digitalization.
“Joining LBMA means that aXedras is committed to adhering to the Global Precious Metals Code and promoting the efficient functioning of the precious metals market. We are thrilled to be part of such an esteemed trade association that has since 1987 worked tirelessly to advance global standards for the industry. Alongside fellow members, we are very much looking forward to exchanging on how we can collectively forge greater trust across the precious metals market,” comments Urs Röösli, CEO, aXedras.
With over 170+ members, LBMA, the independent authority for precious metals regroups a collective of like-minded industry experts who contribute to the advancement of the industry. Since 2022, aXedras has worked with LBMA and its members on the Gold Bar Integrity Programme Pilot, which consisted of over 30 companies participating in this project.
“We are pleased to welcome aXedras as an Affiliate Member. I am looking forward to working together to drive and develop LBMA’s strategy, as well as the essential market solutions for the future. Membership also provides the opportunity for aXedras to grow their own networks and expand their business interests and directly engage in consultations and working groups. We are all looking forward to further building on our relationship with aXedras,” added Ruth Crowell, CEO, LBMA.
LBMA appointed aXedras in March 2024 as its technical supplier to develop the LBMA GBI Database to streamline gold and silver data management between Good Delivery refiners, Loco London custodians and LBMA. The platform launched in January 2025 and anticipates all 100+ Good Delivery refiners and Loco London custodians to be onboarded on the platform by end of 2025.
As an Affiliate Member, aXedras aims to support fellow LBMA members on their journey towards greater digitalisation with the integrated solutions available within the aXedras Ecosystem. For further information on how aXedras assists companies with digitalisation and their regulatory disclosure requirements, click here.
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For further information, contact:
Alix Cassigneul
T: +41 78 707 46 30
About aXedras
Founded in 2018 and headquartered in Zug, Switzerland, aXedras is an independent software solutions provider dedicated to advancing the precious metals industry through innovative digital solutions. Its primary focus is on ensuring the integrity of gold bars and other precious metals. At the core of its offerings is the Bullion Integrity LedgerÔ, a secure, DLT-based platform designed to digitalize global supply chains. This member-based ecosystem facilitates peer-to-peer interactions among stakeholders in the precious metals market, strengthening integrity, transparency and traceability, and confidentiality in data and business transactions. Learn more at www.axedras.com
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