International precious metals dealer, Central Metals Corp. (CMC), has launched Ledgermatix, a new fintech platform that enhances global trade settlement, corporate finance, and private placements based on Gold Encrypted Digital Ledgers.
“It’s a quasi-gold standard for the digital age,” says Bosko Kacarevic, Founder and CEO of the company (www.centralmcx.com). The platform is managed in-house and allows for the capital formation and secondary liquidity of private securities on a peer-to-peer closed loop network. It incorporates a time-stamped encrypted audit trail of every transaction. “It’s like a digital fingerprint on every trade, similar to the blockchain – only better,” says Kacarevic. The comprehensive book-entry system is customized for trade settlement of either gold-pegged securities or traditional securities. Every transaction is verified, authenticated and signature guaranteed for proof of ownership.
Ledgermatix also allows CMC to issue gold-pegged notes (GPN), a tradable security linked to a specific quantity of physical gold, deliverable on demand. Unlike exchange traded funds (ETF) where the trust format involves a complicated management structure with many fees and restrictions, GPN’s are very simple, transparent, and efficient. Kacarevic says, “if an investor is buying gold to diversify out of the mainstream financial market, then why own a gold security that’s listed on the same market you’re trying to diversify away from? Besides, legal ownership of allocated gold held by an ETF is technically owned by the trustee of the trust fund, which is usually a bank or a third-party custodian. However, our GPN’s are registered directly in the account holder’s name.” Coincidentally, GPN’s can also be used by international corporations for trade settlement in over 100 different currencies.
The key feature of Ledgermatix is the gold-in-motion account, where members can use their gold as collateral for a secured line of credit, and compete in the corporate finance arena. Kacarevic says, “this is exactly what gold investors have been waiting for -- a simple way to earn income on their gold stash in hiding, but remember -- the gold standard wasn’t about gold in hiding, but rather gold in circulation!”
Kacarevic isn’t the only one who believes in gold financing for trade settlement -- world renowned currency trader and frequent CNBC commentator, Yra Harris (www.yragharris.com) says he’s “right on target with gold-in-motion.”
