Tagged: gold

London based Investment Platform Lightyear Introduces Exchange Traded Commodities with Launch of Gold

Investment platform Lightyear announces its expansion into exchange traded commodities (ETCs) with the launch of gold. Adding ETCs to its existing suite of 3,500+ stocks, ETFs and MMFs, is another way for Lightyear’s retail and business customers “across Europe to diversify portfolios.” iShares Physical Gold… Read More

Tokenized Precious Metals: Digital Asset Platform Fasset Announces Partnership with Minted

Fasset, the global digital asset platform for emerging markets, announces its partnership with Minted, a provider of precious metals, in order “to offer increased accessibility and liquidity to the global precious metals market through tokenization at the Dubai Fintech Summit.Under the MOU, Fasset will distribute… Read More

Rosbank Demonstrated First Digital Gold Exchange Transaction in Russia Using Digital Rubles

Rosbank demonstrated the first digital gold exchange deal in Russia using digital rubles. According to the bank it involved “the exchange of tokenized gold between two parties using innovative distributed ledger technology (blockchain) to ensure the security and continuity of the process.” The project was… Read More

Digital Asset Management Platform LumiShare Raises $3.2 Million in Funding led by Abu Dhabi Royal Family

LumiShare (previously IllumiShare), a digital asset management ecosystem, has raised $3.2 million in a funding round led by the Abu Dhabi royal family. According to a company statement, the funds were part of the early stages of its Abu-Dhabi-licensed $SRG token presale.  The funding will… Read More

KreditBee Teams Up with SafeGold, Introduces Digital Gold Offering

KreditBee, which claims to be one of India’s “leading” Fintech platforms, recently announced the launch of ‘KreditBee 24K Gold’, a digital gold investment product. Clients may “securely” purchase digital gold “with 99.5% purity at live market rates with a single tap on the KreditBee app.”… Read More

21Shares Introduces BOLD, the “First” Bitcoin (BTC) and Gold ETP

21Shares AG, which claims to be the largest issuer of cryptocurrency exchange traded products (ETPs), has announced the listing of the 21Shares ByteTree BOLD ETP (BOLD) on the SIX Swiss Exchange, the “world’s first” ETP that combines Bitcoin and Gold. BOLD has been developed “in… Read More

Regulated in Liechtenstein, VNX Announces Tokenization Platform for Precious Metals with First Product Backed by Physical Gold

VNX, launched in Liechtenstein in 2022 and registered with the Financial Market Authority (FMA) registered platform for investment in tokenized precious metals, claims title as Europe’s first regulated platform for assets like gold. The first product from VNX is VNX Gold, leveraging Ethereum, representing an… Read More

Online Pension Provider PensionBee Shares Updates Following Russia-Ukraine Crisis

The team at PensionBee notes that February was, in many ways, “a continuation of January’s rocky start to the year.” Stock markets continued to fall “as a result of rising inflation, rising interest rates and a generally weaker economic outlook.” However, Russia’s unprovoked invasion of… Read More

Bitcoin (BTC) Correlation to NASDAQ Increased to 57%, Now a Sustained Reversal of Risk-off Trade Last Week: Report

The correlation of Bitcoin to the Nasdaq is currently ~57%, “climbing over the past week,” according to an update from BitOoda. As the team at BitOoda had noted this past week, the Russian invasion of Ukraine led to “a large sell off that reversed faster… Read More

BitMEX Co-founder Arthur Hayes Now Cautiously Bullish on Bitcoin Given Current Geopolitical, Socioeconomic Environment

Crypto derivatives exchange BitMEX co-founder Arthur Hayes (who pleaded guilty to charges of violating the Bank Secrecy Act after being accused of willfully failing to establish, implement, and maintain anti-money laundering (AML) programs at BitMEX), notes that thankfully, (unlike many others around the world) his… Read More

Not Digital Gold: Bitcoin, Ethereum Among Worst-Performing Risk Assets During Russia and Ukraine Conflict, Report Reveals

International markets are experiencing a massive increase in volatility with Russia’s invasion of Ukraine. The severe humanitarian crisis that could unfold over the next few days and weeks “could be the worst in Europe in decades, with loss of life and property, as well as… Read More

Real Estate Industry Exec Mariana De Alba Joins Dignity Gold Board of Advisors

Dignity Gold, LLC, the US-based digital security that is taking an innovative approach to using verified gold reserves to back its security token, has appointed Marina De Alba to its Advisory Board. Dignity Gold, a blockchain development firm using security tokens and a regulation-focused approach… Read More

Revolut Singapore Now Approved by Monetary Authority of Singapore to Offer Gold, Silver Exposure to Clients

Digital banking platform Revolut has reportedly acquired approval from the Monetary Authority of Singapore (MAS) to provide clients with gold and silver exposure via the firm’s Fintech app. Revolut‘s management noted that they aim to introduce the service to their Singapore clients this year. After… Read More

Indian Fintech Firm Paytm Explains Why Investors Should Go for Digital Gold Investments

Go for gold investments, the team at Paytm (NSE: PAYTM) recommends. Paytm writes in a blog post that gold is a “sought-after asset, the world over.” The Fintech firm gives the example of an Olympian seeking out that “glistening gold medal.” Paytm adds that this… Read More

BlockBen Releases eBSO Token

Estonian company BlockBen has released its digital asset eBSO on the Ethereum network. eBSO is a platform token that receives a percentage of every transaction of all the assets in the BlockBen ecosystem and is accumulated as physical gold. Trading of the eBSO token begins… Read More

Goldex, a Multi-Dealer Marketplace for Physical Gold, Introduces Academy to Democratize Financial Literacy Around Gold

Goldex, a multi-dealer marketplace for allocated physical gold, reveals that it has introduced a free-of-cost online academy to “democratize” financial literacy around gold. Goldex Academy will be hosting a “dedicated” vault of informative content with insights on how to go about making investments in gold…. Read More

Malaysia based Telecom Service U Mobile’s Digital Wallet GoPayz and ACE Capital Growth to Offer Digital Gold Purchase Options

Malaysia-based telecommunications service provider U Mobile’s standalone digital wallet GoPayz has teamed up with gold bullion trader ACE Capital Growth (ACE), which operates as a subsidiary of Ace Innovate Asia. Through their partnership, the companies are introducing  GoGold. As noted on its official website, GoPayz… Read More

Singapore based Digital Wealth and Savings App Hugo Secures $2M via Seed Round from 1982 Ventures, Others

Singapore-based Hugo, a digital wealth and savings app, recently revealed that they’ve acquired $2 million in capital via a seed round from 1982 Ventures, established family offices and angel investors. With the proceeds from its investment round, Hugo stated that it will be introducing additional… Read More

Fintech Glint Says Most Savers Don’t Trust Banks

Glint Pay Services, a Fintech that is a regulated e-money firm and payments provider, says that savers don’t trust banks. According to Glint and an in-house survey of their users, 68% of savers no longer trust banks to protect their wealth and are searching for… Read More

UK Fintech Glint Pay, which Aims to Make Gold Alternative Global Currency, Secures £2.2M+ via Seedrs

Glint Pay Inc., a subsidiary of the UK-based Fintech company that makes gold an alternative global currency by enabling its clients to buy, sell, save and spend their physical gold instantly through the Glint Debit Mastercard and Glint App, has secured 111% of its equity crowdfunding… Read More

Send this to a friend