Former Ethereum Manager Makes Stablecoins Obsolete With Gold NFTs

Legaltech pioneer startup Mattereum and Sempsa JP, one of the world’s largest and most established gold refineries, announce their strategic partnership. Together, they aim to revolutionize blockchain technology for the digital trading, purchasing, and custody of gold certificates.

Revolutionary Tokenization of Gold

By tokenizing gold, billions of dollars can be saved globally in the shipment, validation, authentication, and notarization of assets. The partnership with Sempsa JP cements the use of tokenized gold on the Ethereum blockchain. This enables lower fees for small investors when purchasing gold and fosters digital financial innovations.

Mattereum Asset Passports

To make the ownership rights of digital assets legally enforceable in 170 countries, the “Mattereum Asset Passports” (MAPs) bundle all documents and definitions to be recognized as property rights by jurisdictions.

Included are ownership rights, notary documents, and insurance documents, all documented in a non-fungible token (NFT), making the provenance and authenticity of the asset traceable and verifiable for buyers These are backed by legally enforceable warranties on the provenance and properties of the asset that provide financial compensation if any of the information proves to be wrong.

Secure and Transparent Gold NFTs

Mattereum and Sempsa JP enable users to securely and easily own, buy, sell, and trade gold bars over the Ethereum blockchain. The legal definitions of digital gold in MAPs connected to NFTs offer unparalleled security and transparency worldwide. These gold NFTs can be traded on any regulated exchange.

Tokenized gold is also the most stable and secure asset on the blockchain. By giving token owners transparent legal ownership of the connected gold bars the combination of Mattereum and Sempsa JP create something that makes stablecoins, with their obscure underpinnings and tendency to depeg, obsolete. The MATR token offers significant discounts for users who wish to utilize this new opportunity.

Benefits for Investors

Investors benefit from the partnership by gaining easier and more affordable access to gold bars, as the ownership and provenance records of each gold bar are immutably stored on the blockchain. This eliminates costs for notaries and auditors since each token represents a legally enforceable connection to a specific gold bar in a designated vault. It also provides a secure and reliable alternative to stablecoins that retain their value as they are bound to gold and not fiat, which inexorably loses value to inflation.

Extended Use Cases

Mattereum’s platform enables not only the tokenization of gold but also of real estate, luxury goods, rare musical instruments, and, in fact, any asset, particularly high value ones. These tokenized assets can be “fractionalized,” or divided into shares, facilitating access and trading. Companies and individuals can acquire MATR tokens to save on tokenization costs. These tokens offer up to 50% discounts on transactions and are not available by any other means.

Mattereum Airdrop Referral System (MARS)

Early purchasers of MATR tokens can benefit from the Mattereum Airdrop Referral System (MARS). This program rewards participants with additional MATR tokens for referring new buyers. Participants must complete a KYC process, receive a personal referral link, and promote the MATR token through various channels to earn multiplier bonuses.

Comments on the Partnership

Vinay Gupta, founder of Mattereum, said, “We are excited to partner with Sempsa JP to enable the integration of gold bars on blockchain platforms and create a groundbreaking new investment opportunity for crypto. We believe there is a rational case worldwide for at least $20 billion (265 tons) of gold in this format to hedge against risks associated with cryptocurrency price volatility and the proven risks of stablecoins decoupling from the dollar.”

Rebeca Perez, Investment Products Manager at Sempsa JP, added, “At Sempsa JP, we are always striving to deliver excellence in the precious metals market. Through our partnership with Mattereum, we are excited to leverage blockchain technology to improve transparency, security, and accessibility for investors worldwide.”

The MATR token is available through Mattereum’s fully regulated German crypto exchange partner Swarm. The purchase of MATR is subject to the conditions in the eligible jurisdictions, with residents of the United Kingdom and the United States excluded from the public sale.

About Mattereum

Mattereum is a leading specialist in the tokenization of assets, known as “Real World Assets” (RWA) on the Ethereum blockchain. Its main product, the Mattereum Asset Passport (MAP), is a digital and legal framework that enables the sale and rental of physical assets through smart contracts.

This creates a legally enforceable connection between a digital token and the physical asset, providing a transparent and secure trading environment and comes with warranties on the properties and provenance of the physical asset that provide financial recompense if any are proven wrong, legally enforceable in 170 jurisdictions worldwide.

The recently introduced MATR token, issued by Mattereum’s German subsidiary Mattereum GmbH on the regulated German platform Swarm, offers users significant discounts on Mattereum services and enables the secure and cost-efficient tokenization of assets such as gold, real estate, luxury goods, and artworks.

Vinay Gupta, founder and CEO of Mattereum, is a blockchain technology pioneer. As launch coordinator, he played a crucial role in the introduction of Ethereum and advanced the concept of smart contracts. Gupta recognized early on the need to connect blockchain technology with the physical world and founded Mattereum to achieve this goal and fully realize the Ethereum mission.

Under his leadership, Mattereum developed the legal and technical infrastructure for the secure and transparent tokenization of physical assets, with the potential to fundamentally change global trade and finance. Mattereum is seen as a key component of the future tokenized economy, with the ability to surpass the traditional financial system.