Re-ImagineInvestment, trade & finance
Digital tokens backed by physical Gold and Silver which can be used as a store of wealth, means of payment and as collateral for loans.
Built on Ethereum
In collaboration with Tier 1 Vaulting and Banking in EU and South Africa.
Built on Ethereum
Secure Vaulting
Renowned Banking Partners
Works with all currencies
Globally accessible
Backed by real Gold & Silver
Instant settlement
Infinite possibilities
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More than just a Stable Coin...
Burmain Aurum and Argentum bars ranging from 1/10 troy ounce to 1kg will be vaulted in Swiss and U.K banks, allowing token holders to use their Gold and Silver backed tokens as collateral for Business Financing and low Interest Loans.
Innovative use cases
Blockchain based Bespoke Smart Contract Escrow, Trade Financing, StandBy Letters of Credit and Deferred Letters of Credit: Creating a transparent and Secure means of managing trade finance for maximum security and instant settlement.
Want to find out more? Connect with us on Telegram for a chat!
For Trade Finance? How would it work?
Submit Agreement
Contract
- The buyer and seller agree the sale contract terms
- Submit the details on a Smart Contract form.
- The Smart contract is locked to the specific trade conditions.
Transfer of Funds
Escrow
- The buyer pays Burmain Aurum to the value of the contract into Escrow
- The buyer can opt for bank finance using Burmain Aurum, backed by physical gold.
- The Seller delivers the contract product or service
- The buyer verifies the product either at source or upon delivery depending on the INCO Terms agreed in the smart contract
Instant settlement
Getting paid
- The buyer confirms that the product or service is delivered according to the contract
- The buyer approves payment on the Smart Contract form
- Settlement is immediate in Burmain Aurum, or whichever currency the seller specifies.
Are there other use cases?
Collateral for SBLC's
or loans
With ownership of the Burmain Aurum token, you can request that vaulted gold be used as collateral for Trade Finance, Financial Instruments or Investment Capital security.
Investment
and Savings
Gold has traditionally been the go to asset during times of financial turmoil. Every wise investor holds at least a portion of their portfolio in gold, an asset which is easy to liquidate & has seen consistent growth.
Portability
& Security
While physical gold & silver is cumbersome to store safely, the digital versions BAu and BAr, allow you to safely manage your investment without expensive overheads and security costs.
Which problems do we solve?
One of the main features of a stablecoin is its stability in terms of value. For countries in Africa that experience high inflation or volatile exchange rates, a gold-backed stablecoin can offer a more stable medium of exchange, reducing the risks associated with fluctuating currencies.
Traditional banking systems and cross-border payment infrastructures can be expensive due to fees associated with currency conversion, transaction fees, and other charges. Using a stablecoin can significantly reduce these costs.
Many people in Africa do not have access to traditional banking services. A gold-backed stablecoin, especially if integrated with mobile technology, can provide a way for these unbanked populations to access financial services, facilitate savings, and engage in international trade.
Transactions using blockchain and cryptocurrencies are often faster than traditional banking methods, especially for cross-border transactions. This can lead to quicker settlement times and improve the efficiency of trade.
I can't imagine going back to Blockchain, the underlying technology for most stablecoins, offers a high degree of transparency and security. All transactions are recorded on a decentralized ledger that's immutable. This could reduce fraud, corruption, and other illicit activities that sometimes plague trade and finance in the region.
Standby Letters of Credit are essentially guarantees by a bank on behalf of a client. While they are crucial for facilitating international trade, they can be complex, slow, and costly. A trustable gold-backed stablecoin could serve as a more streamlined alternative.
Since the stablecoin would be backed by gold, its value would be more resistant to manipulation by governments or large financial institutions, thus providing a more neutral and consistent measure of value.
Currently, a lot of African trade, especially in countries with weaker currencies, is denominated in foreign currencies like the US Dollar or Euro. A widely accepted gold-backed stablecoin could reduce the continent's dependency on these foreign currencies, which can be subject to fluctuation and geopolitics.
If widely adopted, this stablecoin could simplify and promote intra-African trade, as countries wouldn't need to constantly convert between different African currencies.
Invest & Save plans tailored for you
News & Trends
Unlimited possibilities
and use cases...
In a time when global financial markets are holding excessive debt, interest rates are high and macro instability has become the norm.
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