OroPocket, a fintech platform, has announced that it would be tokenizing gold and silver on the Tezos platform. This would be India’s very first gold or silver-based token. Oropocket has also enlisted TX APAC, a blockchain consulting firm to advise them on their Asia business strategy.
XTZGold and XTZSilver
With this development, users will be able to track and verify their holdings independently without the need to consult a notary. The blockchain ecosystem allows for all information to be transparent and accurate. The tokenized assets called XTZGold and XTZSilver are backed by physical gold and silver assets in the ratio of 1:1. These are audited daily by third parties and stored in vaults in the UK, Singapore and Switzerland. With Marsh Ltd. as the insurer and Galmerly Ltd. as the appointed custodian, users can safely invest any amount starting from 0.01 USD.
