Page 19 - Bullion World Volume 03 Issue 07 July 2022

Bullion World | Volume 2 | Issue 07 | July 2022

The Vaultex Exchange is the world’s What are the various financial
first institutional grade and entirely instruments you trade, and what
cloud-based digital exchange with is the share of precious metals What is Security Token
comprehensive capabilities and the in volumes and values? How Offering?
potential to act as an asset-agnostic depth is the liquidity in precious Tokens backed by a
full-service exchange, secondary metals? security, such as equities,
marketplace, clearinghouse, and We will begin test trading in August debt, and commodity-based
broker-dealer time. The Company and go live in September 2022 with securities, such as gold
is targeting a spot market launch in spot gold. We expect a modest bonds, gold streams, gold
September 2022, followed by a soft volume at launch but see the royalties, etc. Vaultex will
launch with select trading partners in potential for considerable growth be a secondary market
July and August 2022. for such products once
over time. At launch, we expect
The Vaultex Exchange operates to have the following contracts on regulatory approval is
similarly to a traditional spot exchange: achieved and Vaultex is
exchange. However, it focuses • Spot 1kg bar gold granted the Recognized
its technology on tokenizing real- Market Operator license.
• Carbon neutral spot 1kg bar
world assets with reputable support gold (bundled with 15 tons CO2
partners around industry-proven offset credits)
technology incorporated in an AAA- • Another product TBD
rated jurisdiction.

Moreover, at Vaultex, tokenized
gold is 100% backed by physical
gold supplied by SBMA members
that will be stored in Brinks Co.
vaults or with other qualified bullion
custodians in Singapore. Market
participants are reassured of the
security of their investments as they
are offered the choice to redeem
physical gold at their will. Vaultex will
not make spreads on trades but will
only charge a minimal maker/taker
basis points fee and pass-through
allocated gold carry costs.
Vaultex, in partnership with Air
Carbon Exchange, is launching
a carbon-neutral gold contract,
where 1 kilobar of gold is bundled
with 15 tons of CORSIA-compliant
carbon offset credits into a single
agreement. If the underlying 1
kilobar is redeemed as physical
metal by a market participant, the
associated 15 tons of carbon offset
credits are liquidated as a cash
settlement to the redeemer.

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