SEBA Bank to issue Gold Token

Friday 5 March 2021 12:19 CET | News

SEBA Bank, a FINMA licenced bank has partnered with Argor-Heraeus and aXedras to create a Gold Token. 

The project aims to issue a token backed by sourced gold, providing a cost-effective access to the precious metal. Together with Argor-Heraeus refinery and aXedras, a blockchain based precious metal platform, SEBA Bank seeks to promote the Swiss gold ecosystem and set a new standard in the stablecoin sector.

The SEBA Gold Token can be used as a stablecoin in the digital economy, allowing transactions settlement, trading, and act as a store-of value shielding holders from the volatility in traditional and crypto markets. 

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Keywords: blockchain, partnership, banks, stablecoin
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Switzerland
This article is part of category

Blockchain & Cryptocurrencies