NFTs
Ex-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.
Legaltech pioneer Mattereum and Sempsa JP, one of the world’s largest and most established gold refiners, have announced 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 on the shipping, validation, authentication, and notarization of assets. The partnership with Sempsa JP cements the use of tokenized gold on the Ethereum blockchain. This enables lower fees for retail investors when purchasing gold and promotes digital financial innovation.
Mattereum Asset Passports
To make digital asset ownership rights legally enforceable in 170 countries, “Mattereum Asset Passports” (MAPs) bring together all documents and definitions to be recognized as property rights by jurisdictions.
These include property rights, notarial 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. the asset providing financial compensation should any of the information prove to be wrong.
Secure and Transparent Gold NFTs
Mattereum and Sempsa JP allow users to own, buy, sell, and trade gold bars securely and easily on the Ethereum blockchain. The legal definitions of digital gold in MAPs connected to NFTs offer 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 fundamentals and tendency to devalue, obsolete. The MATR token offers significant discounts for users who want to take advantage of this new opportunity.
Benefits for investors
Investors benefit from the partnership by gaining easier and more affordable access to gold bars, as records of ownership and provenance of each gold bar are immutably stored on the blockchain. This eliminates costs for notaries and auditors, as each token represents a legally enforceable link to a specific gold bar in a designated vault. It also provides a safe and reliable alternative to stablecoins that retain their value because they are pegged to gold rather than fiat currency, which inexorably loses value to inflation.
Extended use cases
Mattereum’s platform allows not only tokenization gold, but also real estate, luxury goods, rare musical instruments and, in fact, any good, especially those of high value. These tokenized assets can be “fractionalized” or divided into shares, facilitating access and trading. Companies and individuals can purchase MATR tokens to save on tokenization costs. These tokens offer discounts of up to 50% on transactions and are not available through any other means.
Mattereum Airdrop Reference 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 into blockchain platforms and create an innovative new investment opportunity for crypto. We believe there is a rational case worldwide for at least $20 billion (265 tons) of gold in this format to protect against risks associated with the price of cryptocurrency volatility and the proven risks of decoupling stablecoins from the dollar.”
Rebeca Perez, Investment Products Manager at Sempsa JP, added: “At Sempsa JP, we always seek 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 through Mattereum’s fully regulated German cryptocurrency exchange partner, Swarm. Purchase of MATR is subject to conditions in eligible jurisdictions, with UK and US residents excluded from 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 through smart contracts.
This creates a legally enforceable connection between a digital token and the physical asset, providing a transparent and secure trading environment and comes with guarantees about the properties and provenance of the physical asset that provide financial reward if any are proven wrong, legally enforceable in 170 jurisdictions worldwide.
The recently launched 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 a 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 with 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 outperform the traditional financial system.
To know 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 utilize blockchain technology to offer investors unparalleled security, transparency and accessibility worldwide.
To know more: here.
Disclaimer
This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In accordance with the Confidence Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to independently verify the information and consult a professional before making decisions based on the content of this press release. Please note that our Terms and conditions, Privacy PolicyIt is Disclaimers have been updated.