Page 20 - Bullion World Volume 03 Issue 07 July 2022

Bullion World | Volume 2 | Issue 07 | July 2022

the Algorand public ledger, ensuring
reliable and secure operations
24/7/365. All products that will
trade on the Vaultex exchange
are either backed by physical spot
commodities (at market launch) or
supported by securitized assets

You have offered to tokenize • Commodity streams and forward (after being granted a Recognized
traditional, new, and alternative contracts Market Operator license).
financial instruments and assets • Net Smelter Royalties Who are the Vaultex Approved
that contain features not found Commodity-backed securities are Investors, and how do you
in the present market. Can you not readily available on electronic regulate them?
explain in detail?
exchanges. We see the market for Vaultex only allows Accredited and
We will not trade security tokens until these products to be much larger Institutional Investors as defined in
the Monetary Authority of Singapore than the present day once there the Singapore Securities and Futures
grants a Recognized Market is a secondary trading venue that Act to trade on the exchange.
Operator license. Once granted, opens up liquidity and the ability to
however, we plan to act as a trading collateralize these types of assets.
platform for:
How does Vaultex bridge the gap
• Equities between off-chain and on-chain
• Debt markets?

• Commodity-backed securities: All Vaultex trades and market
• Gold bonds participant positions are stored on

20