In what we see as major validation of our thinking and the strategic decisions we have made in the choice of technologies and partners, Deutsche Börse AG has made a strategic investment in our Swiss digital custody partner Crypto Finance Group. In a statement which accompanied the announcement, Crypto Finance founder Jan Brzezek said “Since the beginning, our goal was to bridge the old and new worlds”. This mirrors how Digital Metal Exchange sees its role in the metals business.
Crypto Finance AG is an independent financial group under consolidated FINMA supervision. It offers trading, storage, and investment in digital assets to institutional and professional clients. For DMX it provides ultra-secure custody and storage services, giving our trading and investment clients ultimate peace of mind.
We see this investment by Deutsche Börse Group as testament to the tectonic shifts that are taking place at the confluence of the worlds of finance and technology. Global financial landscape is changing, and major industry players are increasingly ready to take advantage of developments in blochain technology in general, and generation of digital assets in particular.
DMX’s Asset Monetisation Process™ facilitates creation of digital assets backed by physical metals. With this process, our mining clients – at this stage, all gold mines in Australia and elsewhere – have the ability to fund production without overburdening their balance sheets with debt, or suffering undue dilution. DMX is currently offering forward sales on gold in the form of digital assets, priced at discounts to spot appropriate to the mine’s jurisdiction, time to delivery of the metal and other factors.
We congratulate our partners at Crypto Finance AG and look forward to a long and exciting association.