A first-of-its-kind, the securitised tokens enable investors to buy and hold a beneficial ownership interest in a specified quantity of gold legally held by an independent trust for the investors. This is compared to other gold investment options such exchange-traded funds (ETFs) or bank issued depository gold certificates, where the gold is owned by the ETF provider or the bank.
Singapore-based digital assets exchange SDAX has partnered with Oman’s Muscat Precious Metals Refining Company to launch a tokenised gold product on its platform.
The MPMT Gold Token allows investors to acquire gold tokens in a securitised form, issued by an independent trust and backed by physical gold bullion held in vaults at Le Freeport at Changi. This provides investors with an easier way to gain exposure without having to find storage methods for the physical bullions.
