Globiance, the all-in-one banking, crypto, and exchange platform, has partnered with ComTech Gold, a Dubai-based company revolutionizing tokenization infrastructure. Together, they will issue and supply GOLD and SILVER-backed tokens (GBEXG) & (GBEXS) on the Globiance platform. Tokenized gold will allow users to store gold without worrying about safety or inconvenience. Additionally, token holders will have easy access to move and redeem their gold & silver token assets.
Globiance’s partnership with ComTech Gold simplifies the process for clients to purchase digital crypto assets backed by precious metals. In addition, it brings ComTech Gold and its entire product line to a broader audience. The transactions will take place on the secure XDC network (XinFin) Blockchain 4.0, providing accountability and an audit trail for all transactions. Based on the XDC network, users will also benefit from quick transaction speeds, low transaction fees, forensic tools, and ISO 20022 interoperability.
About Comtech Gold
ComTech Gold is leading the charge in tokenization infrastructure by digitizing gold using blockchain technology. They are adding a new dimension to gold trading by issuing standardized digital gold, backed by 100% physical gold. XDC Network powered ComTech Gold, the world’s first hybrid blockchain, providing investors with increased comfort in investing in 100% physical gold-backed tokens. Each token is backed by 1gm of 999.9 purity gold, securely stored in TransGuard safe vaults. The tokens will be issued by ComTech FZCO, which is incorporated in the UAE and registered under the Dubai Airport Free Zone Authority (DAFZA). Additionally, they are the first company in the Mena region to receive a Shariah Compliance Certificate from Amanie Advisors Ltd. ComTech Gold is committed to working within regulatory frameworks and creating an ecosystem built on integrity, transparency and efficiency to serve the global community.
Globiance offers banking and crypto services, including exchanges, payment gateways, centralized (CEX) and decentralized (DEX) marketplaces, trading, staking, online wallets, stablecoins, and more. The GBEX token is a deflationary token native to Globiance, used for paying fees, rewards, and referrals. Users also have access to staking options and reward incentives distributed as GBEX tokens. The platform features crypto and fiat wallets in various currencies and offers interoperability between the two. Transacting, shopping, and accessing crypto are all possible with the Globiance bank/debit card. With Comtech Gold as a trusted partner, Globiance is expanding its platform with precious metal-backed tokens.
The Editor-in-Chief of Cryptonaire Weekly, Mr Karnav Shah, stated: “The partnership between Globiance and ComTech Gold is great news for users. It will allow users’ ability to own (GBEXG & GBEXS) tokens, eliminating the issues prevalent in traditional gold buying and trading while also bringing more advantages than products like gold ETFs. Although gold’s price may fluctuate in the short term, it has historically maintained its value over the long term. Thus, users can also buy these tokens as a hedge against inflation. Since each token represents one gram of gold, buyers and traders will be able to purchase as little as 1 gram, making the asset class more accessible.”
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