DAY-102 ‘#SebaBank #GoldToken’ On December 15, #FINMA-licensed Swiss bank, Seba, announced the launch of a gold token that can be delivered in physical form, on-demand, at any time from the firm’s partner refineries. Seba believes the token can be leveraged as a compliant stablecoin “backed by responsibly sourced gold.” It's not the only gold token built on top of #Blockchain technology, as there are gold tokens issued by #Paxos ( $PAXG) & #Tether Limited ( $XAUT) backed by an ounce of .999 fine gold. According to Seba, the bank worked with a service provider in the precious metal (PM) industry called Argor-Heraeus. The blockchain-based PM platform was developed by Axedras, the Swiss bank’s announcement reveals. “Seba Bank’s Gold Token can boost the adoption of precious metals by providing a cost-effective, secure and straightforward solution for investing in gold,” the company noted on Wednesday. Every Indian in the #CryptoSpace Needed #BitcoinAsLegalTender Follow here... https://t.co/2bYCd7gpmx (at India इंडिया भारत) https://www.instagram.com/p/CXpom5GLjU3/?utm_medium=tumblr