World’s First Gold-backed Digital Gold Currency Launched in India
- IBMC Financial Professionals Group, an internationally recognized financial services institution and business consultants, has joined hands with US Gold Currency Inc and Blockfills to bring the world’s first monetary gold-backed digital gold currency to India. The currency is also being simultaneously introduced in the Gulf Cooperation Council (GCC), Middle East and Africa.
- For this, IBMC, which has presence in India, has partnered exclusively with US Gold Currency Inc, the issuer of the US Gold digital currency, and Blockfills, the transaction platform provider.
- Each US Gold digital currency is backed by US American Eagle one ounce (33.931 gram) gold coin, minted by US Federal Agency, US Mint. The holders of the currency can redeem their digital assets as physical gold coin or in US dollars anywhere in the world.
- IBMC is introducing the digital asset to customers ranging from retail and corporate investors, banks, financial institutions and sovereign wealth funds to treasuries and asset management companies.
- The US Gold digital currency was launched on June 22 from Dubai at a specially designed IBMC Hybrid Event by H.E. Sheikh Khalid Bin Ahmed Al Hamed, Chairman of IBMC Financial Professionals Group and Mr Sajith Kumar PK, CEO & Managing Director of IBMC Financial Professionals Group, with the virtual presence of officials from the US Gold Currency, Asia-Africa Development Council, GSEF and Blockfills USA.
IBMC Financial Professionals Group is an internationally recognized financial services institution & business consultants specializing in Investment & Fund Management, Private-placement Management, Corporate Advisory Services, Financial Education, FinTech Development, Corporate Tax & Audit, Corporate Law and Compliance. IBMC Financial Professionals Group is headquartered in the United Arab Emirates and represented in India by IBMC Financial Consultants Pvt Ltd.
IBMC maintains a strong presence and high level of credibility within the financial services industry. IBMC connects different continents through its professional team and specialized international projects and events focusing on innovation, technology and diversification.
- Chairman– Sheikh Khalid Bin Ahmed Al Hamed and
- CEO & MD– Mr Sajith Kumar PK
In its 40 years of service, US Gold, Inc. has provided bullion gold coin sales specializing in the 1oz American Gold Eagle coin – a monetary-gold coin minted under the direction of the United States Treasury. Today, US Gold Currency, Inc. provides the American Gold Eagle coin in a Digital Blockchain Receipt – the “USGold Token”, each one fully collateralized 1:1 with a 1oz American Gold Eagle coin. Referred to as “USG” – for the US Gold Dollar.
- Headquarter– Jackson, Wyoming, US
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