WELCOME TO A NEW WORLD OF DIGITAL-PHYSICAL OWNERSHIP
THE MANY FACETS OF GOLD
For millennia, cultures across the world have ascribed value to gold in numerous forms: from collectibles fashioned into jewellery, to physical coinage, to global reserve currency, to inflation hedge in turbulent economic times (say, for example, a global pandemic.)
Nowadays, gold ownership in practice usually involves buying and selling IOUs of gold grams stored in secure vaults. The legal claim is to the IOU, not the physical asset itself. If the custodian/issuer goes under, the IOU provides little in the way of securing ownership in the aftermath.
So how do we digitally and legally enforce true ownership of gold such that the bearer truly owns a unique gold bar in a vault?
ENTER: THE REAL WORLD ASSET NFT
A REAL WORLD ASSET NFT (RWANFT) IS A TOKEN THAT DENOTES VIRTUAL OWNERSHIP OF A PHYSICAL GOOD.
While similar to established NFTs, these tokens are backed by an underlying physical asset (often referred to as a “Digital Twin) paired with Mattereum’s smart contracts, enabling warranties, insurance, and legal enforceability, thus enabling trust in trade.
A Gold NFT is a rwaNFT tethered to actual physical gold bullion secured in vaults around the world. The token owner can redeem the token for physical delivery of the gold bar(s) at any time, with solid legal guarantees around all parties holding up their end of the arrangement. Easily, globally transactable.
HOW DO WE DO THIS?
MATTEREUM PARTNERS WITH NFT ISSUERS TO PROVIDE LEGAL-TECHNICAL EXPERTISE IN THE CREATION OF MATTEREUM ASSET PASSPORTS.
A MATTEREUM ASSET PASSPORT is a digital identity for an object in the form of a unique contractual container (legal + smart contracts) that manages authentication, provenance, and rights associated with a given asset (i.e. paperwork.) In fact, the rwaNFT, the ERC-721 smart contract itself, is a claim in the Asset Passport.
The NFT now bestows the holder with an enforceable legal claim to take custody of the physical gold with a built-in authentication system and insurance framework, allowing true digital ownership with confidence and trust.
WITH LOHKO WALLET, MATTEREUM IS CRAFTING ASSET PASSPORTS THAT BIND GOLD BARS TO NFTS AND COLLECTIBLE DIGITAL ART, CREATING A NEW CLASS OF “SUPERCOLLECTIBLES”.
ARTISTS: Create ultra-rare editions of your work by binding the art to physical gold (and even have the work printed on the bar itself.)
COLLECTORS: Buy and sell across marketplaces as easily as existing ERC-721 NFTs, with all the certificates, legal contracts, video and other evidence cryptographically signed and secured on-chain, and stored on IPFS.
INVESTORS: Own individually numbered physical gold bullion bars held securely in a vault in Singapore. No IOUs.
Usher in a new wave of digital-physical ownership.
PARTNERING WITH CUTTING EDGE TEAMS AROSS A RANGE OF INDUSTRIES, MATTEREUM IS BUILDING A PROTOCOL TO POWER A SMARTER ECONOMY THAT WORKS FOR EVERYONE, EVERYWHERE.
With rwaNFTs, new forms of ownership and utility can be programmed around an object: democratizing access to capital, unlocking trillions in stranded value, and paving the path to a more egalitarian and sustainable society.
Today, we can program ownership around high-value objects like gold and cultural memorabilia. In the future, we’ll be able to properly account for the inputs and outputs of a growing global economy, and shape it for the better.