Nfts
Former Ethereum Manager Makes Stablecoins Obsolete With Gold NFTs
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be construed as financial advice. Please conduct your own research before making any investment decisions.
Mattereum, a pioneering legaltech startup, and Sempsa JP, one of the world’s largest and most established gold refineries, announce their strategic partnership. Together, they aim to revolutionize blockchain technology for the digital trading, purchasing and custody of gold certificates.
Revolutionary Tokenization of Gold
By tokenizing gold, billions of dollars can be saved globally in shipping, validating, authenticating, and notarizing assets. The partnership with Sempsa JP consolidates the use of tokenized gold on the Ethereum blockchain. This reduces fees for small investors when purchasing gold and promotes digital financial innovations.
Mattereum Asset Passports
To make digital asset property rights legally enforceable in 170 countries, the “Matereum Asset Passports” (MAP) bring together all the documents and definitions that must be recognized as property rights by jurisdictions.
Included are ownership rights, notarized documents, and insurance documents, all documented in a non-fungible token (NFT), making the provenance and authenticity of the asset traceable and verifiable for buyers. These are backed by legally enforceable guarantees on the provenance and properties of the asset that provide financial compensation if any of the information is proven to be wrong.
Secure and transparent gold NFTs
Mattereum and Sempsa JP enable users to own, buy, sell and trade gold bullion securely and easily on the Ethereum blockchain. Legal definitions of digital gold in MAPs connected to NFTs provide security and transparency worldwide. These gold NFTs can be traded on any regulated exchange.
Tokenized gold is also the most stable and secure asset on the blockchain. By giving token owners transparent legal ownership of connected gold bars, the combination of Mattereum and Sempsa JP creates something that makes stablecoins, with their murky underpinnings and tendency to untie, obsolete. The MATR token offers deep discounts to users who want to take advantage of this new opportunity.
Benefits for investors
Investors benefit from this partnership by gaining easier and more affordable access to gold bullion, as the ownership and provenance records of each gold bar are stored immutably on the blockchain. This eliminates the costs for notaries and auditors since each token represents a legally enforceable link to a specific gold bar in a designated vault. It also offers a safe and reliable alternative to stablecoins that retain their value because they are pegged to gold and not to fiat currency, which is inexorably losing value to gold. inflation.
Extended Use Cases
Mattereum’s platform not only allows tokenization This includes not only gold, but also real estate, luxury goods, rare musical instruments, and in fact any asset, especially high-value ones. These tokenized assets can be “fractionalized,” i.e. divided into shares, making them easier to access and trade. Companies and individuals can acquire MATR tokens to save on tokenization costs. These tokens offer up to 50% off transactions and are not available through any other means.
Mattereum Airdrop Referral System (MARS)
Early buyers of MATR tokens can benefit from the Mattereum Airdrop Referral System (MARS). This program rewards participants with additional MATR tokens for referring new buyers. Participants must complete a KYC process, receive a personal referral link, and promote the MATR token through various channels to earn multiplier bonuses.
Vinay Gupta, Founder of Mattereum, said: “We are excited to partner with Sempsa JP to enable the integration of gold bars on blockchain platforms and create a new and revolutionary investment opportunity for crypto. We believe there is a rational global case for at least $20 billion (265 tonnes) of gold in this format to hedge against the risks associated with the price of cryptocurrencies. volatility and the proven risks of a decoupling of stablecoins from the dollar.”
Rebeca Perez, Head of Investment Products at Sempsa JP, added: “At Sempsa JP, we always strive to deliver excellence in the precious metals market. Through our partnership with Mattereum, we are excited to leverage blockchain technology to improve transparency, security and accessibility for investors around the world.”
The MATR token is available via Swarm, Mattereum’s fully regulated German crypto exchange partner. MATR purchase is subject to the terms of eligible jurisdictions, with UK and US residents excluded from the public sale.
About Mattereum
Mattereum is a leading specialist in the tokenization of assets, known as “Real World Assets” (RWA) on the Ethereum blockchain. Its flagship product, the Mattereum Asset Passport (MAP), is a digital and legal framework that enables the sale and rental of physical assets via smart contracts.
This creates a legally enforceable link between a digital token and the physical asset, providing a transparent and secure trading environment and comes with guarantees on the properties and provenance of the physical asset that provide financial compensation if any of them are proven wrong, legally enforceable in 170 jurisdictions around the world.
The recently introduced MATR token, issued by Mattereum’s German subsidiary Mattereum GmbH on the regulated German platform Swarm, offers users significant discounts on Mattereum’s services and enables the secure and cost-effective tokenization of assets such as gold, real estate, luxury goods and artwork.
Vinay Gupta, Founder and CEO of Mattereum, is a pioneer in blockchain technology. As launch coordinator, he played a crucial role in the introduction of Ethereum and advanced the concept of smart contracts. Gupta recognized early on the need to connect blockchain technology to the physical world and founded Mattereum to achieve this goal and fully realize Ethereum’s mission.
Under his leadership, Mattereum has developed the legal and technical infrastructure for the secure and transparent tokenization of physical assets, with the potential to fundamentally change global commerce and finance. Mattereum is seen as a key component of the future tokenized economy, with the ability to leapfrog the traditional financial system.
Learn more: here.
About Sempsa JP
Sempsa JP is a globally recognized producer and distributor of precious metals with decades of experience in the precious metals industry and a reputation for quality, integrity and innovation. Through the partnership with Mattereum, Sempsa JP will use blockchain technology to provide investors with unparalleled security, transparency and accessibility worldwide.
Learn more: here.
Disclaimer
This article contains a press release provided by an external source and does not necessarily reflect the views or opinions of BeInCrypto. In accordance with the Trust Project In line with its guidelines, BeInCrypto remains committed to providing transparent and unbiased reporting. Readers are advised to independently verify information and seek professional advice before making any decisions based on the content of this press release. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.