34 | Wealth & Finance FinTech Awards 2024 Alternative Physical Metal & Commodity Trade Platform of the Year 2024 – UK Attempts to establish token currencies backed by precious metals may be traced back to the 1990s with the advent of concepts such as E-Gold. However, the rapid evolution of financial regulations destabilised these currencies and undermined public faith in them before they could find a foothold in mainstream markets. Nonetheless, the idea persisted, and as cryptocurrencies have steadily gained credibility over the decades, tokenised precious metals have become a part of many investors’ digital portfolios. Today, eMetals Gateway is making waves in the commodity trading space. Having observed the evolution of traditional trading methods across various markets, its team devised a new means of trading precious metals and commodity stocks in the form of IOUs on the Ripple Network. This leverages the security and convenience of online investing within a reputable network to create a versatile digital trading solution. Buy orders may be placed via Gatehub, and selling purchased commodities is as simple as exchanging them for fiat currencies or cryptocurrency alternatives. Issued tokens represent real-world physical ownership of associated precious metals which are redeemable for physical delivery, such as platinum, silver, and gold. The exciting future of these tokens involves partnering with a leading gaming studio and Asian cryptocurrency exchanges to develop a gaming ecosystem which utilises tradable tokens as native in-game currency. The token will enable holders to buy and sell Minecraft-like assets ingame. By implementing this idea, eMetals Gateway Ltd. is moving from physical metals to digital metals and assets. The company boasts comprehensive experience in metals trading and is funded by a company listed on the Vienna Stock Exchange. Alongside this, it intends to form partnerships with industry experts and maintain a client focus to hone its services. The company understands that feedback will play a vital role ensuring that its services remain current, stable, and foster trust in digital trading and gaming communities alike. Utilising the blockchain provides immediate profitable benefits to traditional methods, such as mitigating storage and management fees. Metals are stored in the company’s vault which boasts an excellent security rating where assets are reconciled daily and externally audited every three months to ensure safe investments. Meanwhile, currencies such as XAU, Ripple’s tokenised fine gold, and commodity stocks, such as shares in eCobalt Solutions Inc., are traded reliably and securely within the digital space. As part of its enduring commitment to secure trading, eMetals Gateway ensures that its platform is compliant with current anti-money laundering regulations. The Ripple Consensus Ledger is a robust network which is not controllable by any single entity, protected by multiple layers of security, and its effectiveness is well-evidenced in the trading space. Thanks to eMetals’ combined expertise in trading precious metals and blockchain technology and its Ripple Network partnership, investors are free to diversify their portfolio on a 24/7 marketplace. With its upcoming gaming ecosystem set to bring this innovation to the metaverse and spread digital wealth to new trading communities, it stands out from its market as a truly forward-thinking presence. eCobalt IOUs represent shares of eCobalt Solutions Inc. Cobalt is still a necessary part of EV battery mix, as cobalt is the element that makes up for nickel’s lack of stability, and it cannot be eradicated from electric car batteries. Contact Details Contact: Manica Nucic Company: eMetals Gateway Ltd Web Address: www.emetalsripple.com Jul24070 As more investors engage with online currencies, their platforms become more valuable within the trading space. There are practically no limits to the digitisation of commodities trading, and eMetals Gateway is playing its part in proving that. Its token-based system affords precious metal trading a platform with 24/7 availability and the benefit of London’s clearing house, and its offering is even set to makes its way into the metaverse. “ “ ” ”
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