Swissgold Crypto AG introduces the first Gold-backed NFT from Switzerland

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Swissgold allows to store wealth in a safe place.

Swiss­gold allows to store wealth in a safe place.

This offer­ing com­bines the liq­uid­i­ty of inno­v­a­tive blockchain tech­nol­o­gy with the sta­bil­i­ty of gold and Switzer­land as a trust­wor­thy and safe jurisdiction.

ZUG, SWITZERLAND, Feb­ru­ary 17, 2023 /EINPresswire.com/ — Zug-domi­ciled Swiss­gold Cryp­to AG has launched the first gold bar-backed non-fun­gi­ble tokens, or NFTs, from Switzerland.

The tokens rep­re­sent the own­er­ship of the backed phys­i­cal gold bars, which are stored in two high-secu­ri­ty ware­hous­es in Switzer­land at philoro, one of Europe’s largest gold deal­ers. Each token hold­er has the right to demand the deliv­ery of the backed gold bar at Swiss­gold at any time.

The Swiss­gold NFTs are avail­able with gold bars from 1 gram up to 400 ounces (approx. 12.4 kg). Each NFT car­ries a unique iden­ti­fi­ca­tion as well as the ser­i­al num­ber of the backed gold bar. Each NFT also comes with a clas­sic NFT image and 3D mod­el with the ser­i­al num­ber of the gold bar. The NFTs are issued on the Ethereum Blockchain and can be held using a com-pat­i­ble wallet.

“I can now man­age my gold hold­ings on a dig­i­tal wal­let. I don’t have to wor­ry about phys­i­cal secu­ri­ty or trans­port; I can move each bar as a token online via the blockchain.

And if I like it, I can dis­play my gold as a 3D mod­el in my vir­tu­al liv­ing room in the Meta­verse.” says Car­ole Hof­mann, Co-Founder of Swiss­gold Cryp­to AG.

NFTs are increas­ing­ly becom­ing car­ri­ers of real assets, mak­ing them more liq­uid. Swiss­gold is a step in this direc­tion and also enables inde­pen­dence from banks and oth­er ser­vice providers when invest­ing in phys­i­cal gold.

In addi­tion, it is always ensured that the phys­i­cal gold bar held is also avail­able. Today, there is more gold in cir­cu­la­tion than actu­al­ly exists in the world. This is because of how hard it can be to ver­i­fy the phys­i­cal gold when trad­ing promis­so­ry notes. When on the blockchain, the scar­ci-ty is immutable and trans­par­ent. As a result, investors gain access to a safe asset that is easy to acquire as an NFT.

Swiss­gold Cryp­to AG is a reg­u­lat­ed finan­cial inter­me­di­ary under Swiss law, as a mem­ber of the self-reg­u­la­to­ry orga­ni­za­tion VQF (vqf.ch). Only the ini­tial pur­chase from Swiss­gold is sub­ject to the indus­try stan­dard KYC process.

For more infor­ma­tion about Swiss­gold NFTs, please vis­it www.swissgold.io.

About Swiss­gold Cryp­to AG

Swiss­gold Cryp­to AG was found­ed in 2021 with the goal of cre­at­ing gold-backed cryp­to­graph-ic tokens. Swiss­Gold Cryp­to AG is very Swiss in every respect and com­bines the liq­uid­i­ty of inno­v­a­tive blockchain tech­nol­o­gy with the world’s most sta­ble asset in the world’s most sta­ble jurisdiction.

Car­ole Hof­mann
Swiss­gold Cryp­to AG
contact@swissgold.io
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