Swissgold Crypto AG introduces the first gold-backed NFT from Switzerland

Swissgold makes it possible to store wealth in a safe place.

This offering combines the liquidity of innovative blockchain technology with the stability of gold and Switzerland as a reliable and safe jurisdiction.

ZUG, SWITZERLAND , Feb. 17, 2023 /EINPresswire.com/ — Zug -based Swissgold Crypto AG has launched the first gold bar-backed non-fungible tokens, or NFTs, from Switzerland.

The tokens represent ownership of the backed physical gold bars, which are stored in two high-security warehouses in Switzerland at philoro, one of Europe’s largest gold dealers. Each token holder has the right to demand delivery of the backed gold bar at Swissgold at any time.

The Swissgold NFTs are available with gold bars from 1 gram up to 400 ounces (approx. 12.4 kg). Each NFT has a unique identification in addition to the serial number of the backed bullion. Each NFT also comes with a classic NFT image and 3D model with the serial number of the bullion. The NFTs are issued on the Ethereum Blockchain and can be held using a compatible wallet.

“I can now manage my gold holdings on a digital wallet. I don’t have to worry about physical security or transportation; I can move each bar as a token online via the blockchain.
And if I like it, I can display my gold as a 3D model in my virtual living room in the Metaverse.” says Carole Hofmann, co-founder of Swissgold Crypto AG.

NFTs are increasingly becoming bearers of real assets, making them more liquid. Swissgold is a step in this direction and also enables independence from banks and other service providers when investing in physical gold.

In addition, it is always ensured that the physical gold bar held is also available. Today there is more gold in circulation than there is actually in the world. This is because of how difficult it can be to verify the physical gold when trading with promissory notes. Once on the blockchain, scarcity is immutable and transparent. As a result, investors gain access to a safe asset that is easy to acquire as an NFT.

Swissgold Crypto AG is a regulated financial intermediary under Swiss law, as a member of the self-regulatory organization VQF (vqf.ch). Only the first purchase from Swissgold is subject to the industry standard KYC process.

For more information on Swissgold NFTs, please visit www.swissgold.io.

About Swissgold Crypto AG
Swissgold Crypto AG was founded in 2021 with the goal of creating gold-backed cryptographic tokens. SwissGold Crypto AG is very Swiss in every way, combining the liquidity of innovative blockchain technology with the world’s most stable asset in the world’s most stable jurisdiction.

Carole Hofmann
Swissgold Crypto AG
[email protected]
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