Lohko and Mattereum Launch Groundbreaking Verifiable Gold Bullion NFTs – Business Wire

LONDON–()–In an industry first, blockchain platform Lohko has teamed up with London-based tech firm Mattereum to launch a groundbreaking new ownership model of physical goods that will enable verifiable gold non-fungible tokens (NFTs) to be traded on the blockchain and attached to carbon offsets. These are currently trading at: https://opensea.io/collection/lohkonft

Using the Lohko Wallet, a digital wallet that secures blockchain-based financial assets, investors can now for the first time safely hold, buy, sell or transfer ownership of physical gold bars rather than just owning an IOU. Mattereum’s Asset Passports bind each individually numbered gold bar to an NFT with legally enforceable smart contracts publicly available on the blockchain.

This new ownership model pioneered by Lohko and Mattereum offers a lens into the sustainable and equitable virtual economy of the future. Verifiable digital identities, authentication and provenance of each gold bar creates transparent inventory information, allowing owners to see whether their assets meet ethical environmental and social standards and automatically invest in carbon-offsets.

“Gold’s main limitation as an investment category has been that its ownership is difficult to transfer,” commented Dr. Antti Saarnio, Lohko’s CEO. “Typically gold buyers don’t have access to secondary markets — NFT gold in blockchain does not have this limitation. NFT gold owners are able to sell their gold anywhere and to anyone in any blockchain marketplace. This is a huge benefit for gold investors providing them better liquidity and higher sales margin.”

Vinay Gupta, founder and CEO of Mattereum, said: “Once you can do gold, the world’s most ancient asset class, you can do anything. Putting gold on the blockchain in a way which provides such excellent protections for the rights of bar owners, across a wide range of possible scenarios, has taken immense effort and will be a real gamechanger. We hope you will feel able to trust the product of our collaboration completely.”

Verifiable gold NFTs will also enable artists to bind premium editions of their digital work to physical gold, collectors to buy and sell securely across marketplaces, and investors to have direct digital-physical ownership. The gold bars held in Lohko Wallets are stored in secure vaults maintained by a Singapore-based gold exchange.

Mattereum Asset Passports

The Mattereum Asset Passport is a third-party verified digital identity for physical assets, stored on the blockchain. They can be assigned to a diverse range of asset classes including fine art, collectibles, luxury goods, aviation parts, consumer electronics, and many more.

The Mattereum Asset Passport bundles legal and digital agreements which denote true ownership of an object while providing secure digital provenance, certificates of authenticity, insurance frameworks, and dispute resolution. These smart legal agreements are cryptographically signed and secured on-chain and stored in distributed storage networks such as IPFS.

Gold NFTs

Gold NFTs are a new type of non-fungible token for physical assets, or digital twins, that are blockchain tokens denoting digital ownership of a tangible good stored on an immutable ledger. For more information please visit https://goldnft.io/

ENDS

Notes to editors:

About Mattereum

London-based Mattereum was established in 2017 by a trans-disciplinary team with a track record in designing and launching nation state-level infrastructure and headed by former Ethereum release coordinator Vinay Gupta. Mattereum is the global leader in designing systems for digitally representing and trading valuable real-world assets including fine art, gold, and real estate. For more information, visit http://www.mattereum.com

About Lohko Wallet

Lohko is an easy-to-use digital wallet for real assets that helps investors safely buy, hold, control, and transfer their assets. Lohko utilizes blockchain to bring enhanced protection, liquidity and transparency to digitized real assets such as gold and silver.

Lohko is built on Zippie’s Web3 blockchain application platform. More at: https://lohkowallet.com/