An important service came from the Swiss SEBA Bank. The bank has announced that it is now launching a digital token that allows investors to own physical gold.
๐ ๐ฆ๐๐๐ ๐๐ฎ๐ป๐ธ ๐๐ฎ๐๐ป๐ฐ๐ต๐ฒ๐ ๐๐ฎ๐ป๐ฑ๐บ๐ฎ๐ฟ๐ธ ๐๐ถ๐ฟ๐๐ ๐ฅ๐ฒ๐ด๐๐น๐ฎ๐๐ฒ๐ฑ ๐๐ผ๐น๐ฑ ๐ง๐ผ๐ธ๐ฒ๐ป ๐๐ผ ๐๐ป๐ฎ๐ฏ๐น๐ฒ ๐๐ถ๐ด๐ถ๐๐ฎ๐น ๐ข๐๐ป๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ๐ผ๐ณ ๐ฃ๐ต๐๐๐ถ๐ฐ๐ฎ๐น ๐๐ผ๐น๐ฑ ๐
Read the full media release ๐https://t.co/JiMZI9YBQY ๐ก๏ธ #crypto #investing #Gold #tokens pic.twitter.com/kNGqO4j6VUโ SEBA Bank AG (@WeAreSEBA) December 15, 2021
In the statement, it was stated that the โGold Tokenโ will be a digital token issued for investment and delivery in physical gold on demand. It was also stated that the token in question will be offered for sale as an ERC-20 token on the Ethereum Blockchain. Speaking on the subject, SEBA Bank CEO Guido Buehler said,
With the launch of our innovative Gold Token, we are building this history so that investors can have a fully regulated form of digital physical gold for the first time. โฆ can be used as a fully compliant stablecoin in the digital asset markets to meet the growing demand in the stablecoin industry, allowing trading and acting as a store of value to protect investors from volatility in both traditional and crypto markets.
said. On the other hand, it was also stated that SEBA Bank Gold Token will act as a regulated stablecoin tied to the value of gold in the Swiss vault.
Argor-Heraeus CEO Christoph Wild said:
Collaboration with SEBA and ARGOR-HERAEUS through our DLT-based business network is an excellent precedent for using the latest Blockchain technology to achieve new and efficient financing solutions.