IPMB launches gold tokenization project for easier investment

The International Precious Metals Bullion Group (IPMB) has launched a new gold tokenization project aimed at making gold investments more accessible and transparent. Unlike traditional methods, IPMB controls the entire gold supply chain, reducing costs and improving reliability. IPMB's GoldPro Token (GPRO) is fully backed by gold, and investors can also purchase GEM NFTs, which represent ownership of gold bars. These NFTs can be obtained by staking GPRO tokens, with discounts available for longer staking periods. The upcoming Goldtrace360 system will automate tracking of the gold production process using blockchain technology. This aims to enhance transparency and sustainability in the gold market, addressing issues related to unethical mining practices and high investment costs.