New Zealand-based fintech & Actual World Asset (RWA) Issuer Techemynt Restricted is launching $GoldNZ and $SilverNZ, delivering investment-grade bodily bullion situated in NZ, accessible globally.
Auckland, New Zealand – Techemynt, New Zealand-based digital asset issuer, immediately introduced the launching of GoldNZ and SilverNZ, institutional-grade tokenized valuable metals backed by totally allotted bodily bullion saved in NZ’s oldest Commonwealth Vault services. Being one of the established blockchain know-how firms in NZ, Techemynt has chosen Commonwealth Vault, a number one bullion storage supplier with Vaults in New Zealand and Australia as their most well-liked vault supplier.
Every GoldNZ token represents one troy ounce of investment-grade gold, whereas every SilverNZ token represents one troy ounce of silver, each totally allotted and segregated in Commonwealth Vault’s safe New Zealand services. Token holders keep helpful possession rights beneath a naked belief construction whereas having fun with the liquidity and effectivity of blockchain know-how.
“This launch represents a big milestone in bringing conventional valuable metals into the digital age,” says Fran Strajnar, Govt Director of Techemynt. “By combining Commonwealth Vault’s state-of-the-art vaulting options with Techemynt’s 15+ years of blockchain experience, we’re enabling worldwide buyers anyplace on the planet to entry bodily gold and silver saved in audited vaults within the Secure Harbour New Zealand Jurisdiction.
“Holders of $GoldNZ or $SilverNZ can hold their tokenized bullion of their most well-liked web3 pockets and never have to pay for storage prices. Moreover, with the worldwide development of ‘actual world belongings coming onchain’, Decentralized Finance options could be built-in to make Gold and Silver extra programmable”, added Strajnar.
All Verified Holders buying tokens instantly from Techemynt full buyer due diligence checks consistent with Techemynt’s FSP obligations beneath the Anti-Cash Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) of New Zealand.
As soon as a holder has a $GoldNZ or $SilverNZ, they’re freely transferable on-chain.
Customers can ship their tokens again to Techemynt and redeem bodily bullion consistent with Techemynt’s T&C or use a secondary market.
The ‘first mint’ to initially seed provide into the web3 market will happen inside 2-Three weeks.
At present, the worldwide market capitalization of tokenized gold and silver exceeds $5.5B USD and is predicted to develop to over $2–four trillion for tokenized real-world belongings (RWAs) by 2030 in keeping with a report from McKinsey & Firm’s in June 2024 report titled “From ripples to waves: The transformational power of tokenizing assets“
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ABOUT TECHEMYNT
Techemynt (https://www.techemynt.com/) is a New Zealand Registered Monetary Service Supplier (FSP no. FSP773214) and the issuer of NZDS, a stablecoin backed 1:1 by the New Zealand Greenback, in addition to GoldNZ and SilverNZ, tokenized valuable metals backed by totally allotted bodily bullion. Techemynt’s digital belongings present blockchain-based entry to conventional shops of worth, enabling environment friendly buying and selling, remittance, and integration with decentralized finance whereas positioning New Zealand as a outstanding participant within the international digital asset economic system. Techemynt is led by Fran Strajnar, founding father of the digital asset agency Techemy and crypto information company Courageous New Coin.
ABOUT GoldNZ and SilverNZ
GoldNZ and SilverNZ are tokenized valuable metals backed 1:1 by totally allotted bodily gold and silver saved in Commonwealth Vault’s New Zealand services. Every GoldNZ token represents one troy ounce of investment-grade gold, whereas every SilverNZ token represents one troy ounce of silver. The tokens merge the safety of bodily valuable metals with the flexibleness and effectivity of blockchain know-how. GoldNZ and SilverNZ are issued by Techemynt, a New Zealand registered Monetary Service Supplier. To be taught extra, please go to www.techemynt.com.
GoldNZ token contract (identical deal with on every chain):
Ethereum
0xAA66A3CCB6259ccC2AC8bafCBa3e0C73B703E52B
Polygon
0xAA66A3CCB6259ccC2AC8bafCBa3e0C73B703E52B
Base
0xAA66A3CCB6259ccC2AC8bafCBa3e0C73B703E52B
SilverNZ token contract (identical deal with on every chain):
Ethereum
0x0D4065979a081Be0C5832E307ca17675080687aA
Polygon
0x0D4065979a081Be0C5832E307ca17675080687aA
Base
0x0D4065979a081Be0C5832E307ca17675080687aA
Firm Contact: data@techemynt.com
Media Contact: data@techemynt.com
Web site: Techemynt.com
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