Blockchain, Reign and the Paper Parade
Gold, ETFS and how blockchain will change the way gold is bought, sold and held in the future.
The Business Times features Bullion Asset Management (BAM) and subsidiary xbullion, as BAM close out a US$1.3 million Series A round led by Theta Gold Mines, a gold mining company listed on The Australian Securities Exchange (ASX) . Read the full article here.
The round also drew investments from high net worth individuals and existing investors Decentralised Capital, which is backed by Singapore-based fund management firm Aura Group, and ASX-listed tech firm DigitalX.
David Lightfoot explains to The Business Times that the agreement allows Theta to tokenise some of its future gold production to provide added liquidity, transparency and accessibility to xbullion's wider network of partners.
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