IPMB is the future of gold on the blockchain. It is the first token with direct access to physical gold which is allocated and can be redeemed or rolled over time to increase in value. The worlds first underwritten utility token that can be used globally in all situations and by all demographics.
Our blockchain-based mechanism allows institutional investors to easily buy, hold and trade non-fungible tokens (GeMs), directly backed by safely stored, individually identified and segregated, fully traceable gold bars. Each GeM token represents a quantity of physical gold metal produced and held by IPM Ltd in first class international vaults, on behalf of the GeM holder.
Concomitantly, IPM Ltd issues a token called IPMB, indirectly representing 1g of gold. IPMBs will be immediately backed by unallocated physical gold and will give access to GeM tokenised gold. The conversion process is managed by IPM Ltd, and can be requested at any moment by IPMB holders.
By construction, IPMB tokens will be a proxy of fractional quantities of gold, available to individual investors. The tokens can be stored on any crypto wallet and will be tradable on different platforms.