Swissgold Crypto AG, a company based in Zug, has launched the first gold bar-backed non-fungible tokens (NFTs) in Switzerland. The tokens offer the ownership of physical gold bars that are stored in two high-security warehouses in Switzerland, at philoro, one of Europe’s largest gold dealers. Each token holder can demand the delivery of the backed gold bar at Swissgold at any time.
Swissgold NFTs are issued on the Ethereum blockchain and come in different sizes ranging from 1 gram to 400 ounces (approximately 12.4 kg). Each NFT carries a unique identification, the serial number of the backed gold bar, a classic NFT image, and a 3D model with the serial number of the gold bar.
Swissgold NFTs combine the liquidity of blockchain technology with the stability of gold, enabling investors to manage their gold holdings digitally. They do not have to worry about physical security or transport and can move each bar as a token online via the blockchain. Moreover, they can even display their gold as a 3D model in their virtual living room in the Metaverse.
The introduction of Swissgold NFTs offers independence from banks and other service providers when investing in physical gold. The physical gold bar held is always available, ensuring investors can access a safe asset that is easy to acquire as an NFT. It is worth noting that Swissgold Crypto AG is a regulated financial intermediary under Swiss law, as a member of the self-regulatory organization VQF. Only the initial purchase from Swissgold is subject to the industry-standard KYC process.
Investing in gold-backed NFTs provides investors with a safe and liquid asset, enabling them to manage their gold holdings digitally without worrying about physical security or transport. With Swissgold NFTs, investors can access a safe asset that is easy to acquire as an NFT.
The Swissgold NFTs are expected to offer a new way to invest in gold, increasing the liquidity of real assets. The NFTs are an innovation in blockchain technology that guarantees the authenticity and scarcity of gold on the blockchain. Investors can own their gold bars and trade them without physically moving them from the warehouses in Switzerland.
Overall, Swissgold Crypto AG is bringing a new level of transparency, security, and accessibility to the gold market, leveraging the power of blockchain technology. Investors can now invest in physical gold without the hassle of transporting, securing, and storing it physically.
FAQ’s
What are Swissgold NFTs?
Swissgold NFTs are gold bar-backed non-fungible tokens that represent the ownership of physical gold bars that are stored in high-security warehouses in Switzerland. Each token holder can demand the delivery of the backed gold bar at Swissgold at any time.
What is the benefit of investing in Swissgold NFTs?
Swissgold NFTs provide investors with a safe and liquid asset that is easy to acquire and manage digitally