What are CBDCs? Reasons for Central Banks Getting into Digital Currencies
CBDCs, similar to stablecoins, mirror the value of fiat currency and are designed for stability and safety
Simply, we like Gold, Silver, and Blockchain technology.
As a company we're bringing the 24/7/365 accessibility of crypto to the broad international base of precious metals investors.
We've done this by creating a global settlement layer for LMBA quality bullion, enabling access to the largest physical marketplaces in the world, without the on going custody fees.
The safety of direct precious metals ownership,
the ease of digital currency.
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We back all our tokens 1:1 with bullion, new tokens are minted to the blockchain upon successful purchase and deposit of bullion in secure vaults.
Registered users can purchase new tokens at any time through our partners, with wholesale pricing and deep liquidity.
Purchase price in AUD, USD and ETH refreshes every 60 seconds
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Please use the form below for any general queries. To physically redeem bullion, please also specify the amount below and one of our team members will be in contact with you shortly. Tokens are redeemable in increments of 1000.
xbullion specialises in blockchain and tokenization, bringing the 24/7/365 accessibility of blockchain to the broad international base of precious metals and other stable asset investors. Through the application of blockchain for asset management xbullion is able to provide partners with direct wholesale pricing for LMBA quality bullion, secure storage without a management fee and the ability to transfer ownership near instantly.
xbullion's token tracker and tickers are "GOLD" and "SILV".
Each xbullion token is 100% backed by 1 gram of .9999 gold or .999 silver bullion supplied by Baird & Co. The gold and silver is vaulted in geo-dispersed locations and is 100% insured.
When the xbullion token is transferred on the Ethereum network, xbullion charges an inclusive 19bps fee in GOLD or 50bps in SILV. The Ethereum network will also charge a "gas fee" in Ether (Ethereum's native currency). Exchange partners may choose to charge separate fees.
Yes. xbullion is able to ship physical gold or silver bullion to most major cities through an insured courier service. Subject to minimum redemption quantities.
Yes. xbullion tokens are able to be fractionalised to 0.00000001.
xbullion was developed to be a best-in-class institutional grade product. Security is provided through audits, insurance, geo-dispersed vaulting providers, world renowned gold supplier partnerships and the application of a decentralised secure network.
The xbullion smart contracts are comprehensively audited, this can be found under 'Resources' on our website menu.
As part of our commitment to financial and operational transparency, xbullion has engaged leading accounting firm, BDO, to undertake agreed upon procedures on a quarterly basis.
These procedures include understanding procedures around on boarding of clients and token issuance including agreeing the physical gold holdings per custodian vault statements to the tokens on issue included in management reports.
Agreed-upon procedures do not constitute either a reasonable or limited assurance engagement in accordance with AUASB standards, and consequently no conclusion or assurance in relation to the subject matter is provided.
xbullion's supplier is one of the largest refineries and OTC bullion desks in the world.The innovative fee model, enabled by the blockchain, allows xbullion to provide direct wholesale pricing.
A decentralised secure network creates an immutable ledger of transactions that cannot be tampered with or hacked and is held on thousands of computers globally guaranteeing that the registry is continually live.xbullion tokens can be traded globally and instantly on a network that never stops.
xbullion tokens are built on the Ethereum network adhering to the ERC20 standard.Tokens can be sent from exchanges to third party Ethereum ERC20 compatible wallets.
