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This article was written by Mark Pey, Strategic Relationships
At Monetary Metals, our distribution strategy is designed to deliver benefits to each of our marketplace participants:
- Gold owners can benefit from the additional and flexible new ways offered by our partners to earn a yield on their gold
- Gold businesses (such as jewelers, refiners, and mines) can benefit from the additional gold made available to lease and borrow
- Gold industry providers, from dealers and vaults to apps and online channels, can benefit by offering a valuable new service, gold yield, that adds directly to their bottom lines.
Recent Monetary Metals partners botim (through O Gold) and Streamex highlight how this strategy is starting to bear fruit.
botim and O Gold
botim is a “super app” company headquartered in Dubai that has more than 180 million users. It began as a simple messaging app but has now grown to encompass everything from international money transfers and card payments to insurance and visa services.
And now, in concert with distribution partner O Gold, the botim app includes yield-bearing gold from Monetary Metals.
Particularly noteworthy is the new botim feature they call “auto-leasing”. This means that all botim client gold is immediately put to work earning a yield.
We’re excited to see our botim and O Gold partnerships bringing the benefits of our Gold Yield Marketplace® to more and more people in innovative new ways.
Streamex
It’s no secret that the cryptocurrency domain has shown unbelievable growth both in capital and in functionality over the last decade.
However, as a company focused on real-world physical assets like gold and silver, we have viewed blockchain as offering two primary potential benefits to Monetary Metals:
- As a distribution channel to the capital and clients that operate in that domain
- As a technical arena for functions that are difficult or impossible to replicate with traditional financial technologies
We would note as a third item that the industry needed to reach a level of legal and regulatory maturity for us to consider any arms-length partnership to “tokenize” a product based on our underlying gold yield offerings.
We announced an exclusive partnership with Streamex, who will create and distribute tokenized yield products based on, and fully compliant with, Monetary Metals’ gold and silver leases.
We think the Streamex partnership is the right one at the right time, for a number of key reasons:
- They are a well-capitalized, publicly traded Nasdaq-listed company
- They are backed by seasoned gold industry veterans and blockchain experts who share our philosophy and outlook on precious metals re-monetization
- They operate on a high-performance blockchain (Solana) designed for very low fee structures, very high transaction throughput, using industry-standard software languages and toolsets
- They are an Exempt Market Dealer (with a pending acquisition of a broker-dealer company) with a keen understanding of the “zero-tolerance” compliance mindset required to operate reliably and safely at scale
- They have confirmed access to additional sources of gold-dedicated capital through their recently announced financing rounds
We will provide further updates as the Streamex token offer gets closer to launch.
One final note
Our distribution partners offer different functions in different channels to different audiences, and this is why we are so excited to work with them.
But our clients should rest assured that if they want nothing to do with blockchain, or international messaging apps, there will always be a way to do business directly with Monetary Metals.
Freedom of choice to do what you want with what’s yours, is what our multi-channel strategy is all about. If you have questions, please don’t hesitate to contact us.
