SDAX Launches First-of- Its-Kind Securitised Gold Tokens

Singapore-based digital assets exchange SDAX has partnered with Oman’s Muscat Precious Metals Refining Company to launch an innovative tokenised gold product, the MPMT Gold Token. This unique offering allows investors to acquire gold in a securitised form through digital tokens, backed by physical gold bullion held in secure vaults at Le Freeport in Changi, Singapore. The MPMT Gold Token provides a convenient and secure way for investors to gain exposure to gold without the challenges of physical storage.

Unlike traditional gold investment options like exchange-traded funds (ETFs) or bank-issued depository certificates—where ownership of the physical gold lies with the ETF provider or bank—the MPMT Gold Token grants investors beneficial ownership of a specific quantity of gold. This gold is legally held by an independent trust on behalf of the investors, ensuring direct ownership and enhancing the security of the investment. The token is a first-of-its-kind product, blending the stability of physical gold with the flexibility of digital trading.

Investors who own the MPMT Gold Token can also trade their tokens for physical gold settlement with qualified market makers via the SDAX platform. This feature offers an added layer of liquidity and convenience, making it easier for investors to convert their digital assets into tangible gold when needed.

“With gold prices trading at record highs and the macroeconomic outlook supporting continued growth, we saw a perfect opportunity to introduce a unique gold product to our SDAX users,” said Rachel Chia, CEO of SDAX. “The MPMT Gold Token is a first in the market, offering investors an easy and secure way to own gold through a digital platform.”

The MPMT Gold Token is exclusively available to accredited and institutional investors on the SDAX Exchange platform, providing them with a cutting-edge investment option that combines the security of physical gold with the advantages of blockchain technology.