SEBA Bank launches token backed by physical gold

The digital asset banking platform SEBA Bank, fully integrated into the Swiss financial market regulatory body since 2019, launched its Golden Token.

The digital token is regulated to make investments and deliver physical gold on demand, which shows that Swiss financial institutions are making progress compared to other global financial entities.

This is how the authorities of the Swiss bank SEBA reported that they are issuing “a token backed by responsibly sourced gold, providing profitable access to the precious metal, and setting a new standard in the stablecoin sector.”

Gold Token offers investors the opportunity to deliver it at “any time through the associated refineries, avoiding costly commissions” according to the press release published by the financial entity.

This new token is considered a historical advance because it makes it easier for investors to obtain physical gold digitally “through a fully regulated, profitable and future-proof solution.”

SEBA Bank offers stable money

The financial institution explains that investors can use this token as a stablecoins. This sector has registered an important growth in the market, obtained a capitalization in the order of 130,000 million dollars.

This stablecoin is “fully compatible in digital asset markets, enabling trading and acting as a store of value to protect investors from volatility in both traditional and crypto markets.”

The Managing Director of SEBA Bank, Guido Buehler, recognizes the role of gold in the capital markets as the economic unit of global account and the basis of the international financial system. This token “offers investors a reliable hedge against inflation and a store of value regardless of economic turmoil.”

M. Rodríguez

Source: diariobitcoin.com