aXedras’ blockchain-based, permissioned Bullion Integrity Ledger™ enables its members to digitalize the provenance and chain of custody of precious metals.
As a business network for the precious metal industry, it brings great benefits for (B2B) business processes: integrity, digital transformation, interoperability, confidentiality and traceability.
Urs Röösli, CEO at aXedras, states: “The aim of our blockchain-based Bullion Integrity Ledger™ is to connect the leading stakeholders of the global precious metal industry to ensure the needed data and product integrity for innovative commodity finance products. The cooperation with SEBA and ARGOR-HERAEUS via our DLT-based business network is a great example to use latest blockchain technology to achieve novel and efficient financing solutions. We are happy to collaborate with SEBA Bank and ARGOR-HERAEUS to shape the future with SEBA's novel gold token."
Members of the Bullion Integrity Ledger™ are able to digitalize their financing processes and/or issue their own token(s) in a separate, public blockchain platform - referring to the documented assets on the Bullion Integrity Ledger™.
SEBA, a FINMA licensed bank in Switzerland, aims to issue a token backed by responsibly sourced, documented gold, providing a cost-effective access to the precious metal.
Specific benefits of the Bullion Integrity Ledger™ for financing:
Innovative collateralisation of precious metals along the value-chain
Lenders have real-time visibility over their collaterals
Immutable documentation of physical material
Possible issuance of innovative, gold-backed tokens through third parties