xbullion tokens are backed by physical gold bullion, creating a new mechanism for investors to buy fractional gold.
Fractional ownership of gold
The introduction of gold Exchange Traded Funds (ETFs) in the early 2000s made it easier for investors to gain exposure to gold. Suddenly, gold could be traded as easily as buying shares on a stock exchange. xbullion takes this concept a step further by allowing fractional ownership of physical gold bullion that’s securely locked in a vault. Investors can buy one gram of gold, fractionalised to eight decimal places. All gold is audited by accountancy firm BDO.
xbullion is able to offer access to allocated physical gold at wholesale pricing, direct from our world renowned suppliers. Large ETFs generally invest in unallocated gold and trade at premiums of up to 2% over the spot market. xbullion allows traditional ETF investors to hold gold bullion, at a discount to the premium paid. xbullion's innovative fee model also removes custody fees. Making xbullion an attractive option for any gold ETF, superannuation fund or sophisticated investor holding gold.
xbullion will be tradable across multiple exchanges and can be converted to fiat currency.
Physical gold can also be redeemed via insured courier service to major cities around the globe.
Implementing a blockchain allows registry details to be held and managed by a decentralised network of computers globally, ensuring token availability 24/7/365.
This provides clients security around their holdings and absolute freedom around transferability.