Zipmex offers digital gold token Xbullion
September 25, 2020
Zipmex is leading innovative solutions for digital asset investing with the launch of digital gold token xbullion. It is the first regulated exchange in Thailand/Indonesia to offer this digital investment product targeted at retail investors
xbullion digital gold (GOLD) is issued by xbullion Holdings, which is owned by Bullion Asset Management Services Pte Ltd (Singapore), and represents direct ownership in physical gold held at vaults in London, Singapore and Sydney. By owning a digital gold token, participants have direct ownership of physical 9999/LBMA-accredited gold from world-renowned suppliers, at near-spot prices and without ongoing custody fees.
Through making the digital gold token bullion available on its platform, Zipmex is making buying, selling and storing physical gold faster and easier. Now, investors can purchase Gold instantly today at the cheapest prices in Thailand/Singapore/Australia/Indonesia.
To guarantee users the delivery of their assets, Xbullion is redeemable at any time for cash or physical gold, subject to a 1kg minimum delivered by an insured global courier network. Gold is supplied to xbullion via some of the world’s largest over-the-counter desks with bullion recorded via serial number.
During an uncertain economic situation such as the COVID-19 pandemic, gold has become an attractive investment. Its limited supply and nature as a precious metal that cannot rust or be damaged gives gold the potential for high price increases in the future. Zipmex believes that this new product will provide great benefits to the wider community, particularly retail investors who want to try out relatively low-risk assets easily and quickly.
The price fluctuations and premiums of exchange traded funds – ETFs – which are another vehicle for gold investing, have created opportunities and innovation for digital gold. Unlike these funds, Xbullion allows for direct gold ownership without sacrificing liquidity or market depth. Buyers will also receive best-in-class transparency of their investment via comprehensive audits from leading global accountancy firm BDO.
“xbullion is the smart way to securely own and trade physical gold bullion; it is vaulted, audited, insured, redeemable and instantly transferrable,” said xBullion co-founder Mr David Lightfoot.
The technology build out of xbullion is complete and investors can now acquire xbullion on Zipmex for as little as a one-eight fraction of 1 gram of gold. This gold token is also tradable on the Zipmex exchange platform.
CEO of Zipmex Marcus Lim said: ‘Gold has become an attractive investment for our users particularly in markets where gold is seen as a reliable store of value and commodity. We want to offer users more exciting investment opportunities and products that will complement their digital asset portfolios. Xbullion was the perfect answer to this.‘
Zipmex is embracing the digital lifestyle of the next generation. Start your journey with Zipmex today!