Perth Mint Gold Token issued by InfiniGold begins trading on KuCoin exchange

MC

Mirela Ciobanu

25 Feb 2020 / 5 Min Read

The Perth Mint is a large global refiner of newly mined gold and a member of the London Bullion Market Association (LBMA). It currently safeguards wealth valued at more than AUD 4.5 billion within its state-of-the-art vaults for clients ranging from central banks and sovereign wealth funds to individuals. It is now also the custodian of the physical gold backing PMGT, according to the official press release. 

Each token is underpinned 1:1 by Perth Mint digital GoldPass certificates which represent physical gold held in storage at The Perth Mint. In addition, the weight and purity of every ounce of gold anchoring PMGT is assured by the Mint’s sovereign owner, the Government of Western Australia, which holds a long-term AA+ credit rating to provide unprecedented surety to investors.

KuCoin account holders who have passed KYC ID verification can trade PMGT immediately, with their holdings fully redeemable for physical gold via The Perth Mint’s technology solution GoldPass.
Countries:
MC

Mirela Ciobanu

25 Feb 2020 / 5 Min Read

sign up banner
the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright