LODE makes a claim in the NFT sector with a revolutionary marketplace for silver and gold
HERISAU, Switzerland, 16 November 2022 /PRNewswire/ — Today, LODE (Switzerland) AG (“LODE”) announces the upcoming launch of Bullpen.pro, the world’s first non-fungible token (“NFT”) in silver and gold. Leveraging blockchain technology, the best of NFTs and its fully allocated precious metal bullion engine, LODE is developing a truly unique and progressive way to store, buy and hold physical silver and gold digitally on the blockchain. Bullpen.pro meets a specific need for high net worth investors, family offices, institutional and private investors seeking a frictionless and efficient way to acquire allocated physical silver and gold certificates.
Bullpen.pro – Powered by LODE
Bullpen.pro is designed to provide peer-to-peer trading access to fully allocated, securely vaulted and insured silver and gold bullion in the form of an NFT. These investment-grade serialized assets are stored in independent vaults and tokenized using LODE’s bullion engine to enable the creation of large-format digital representations of physical precious metals in the form of Electronic Silver and Gold Certificate (ESC/EGC) NFTs. These NFTs will be available on the decentralized Web3 Bullpen.pro platform. Acquiring, holding, trading and redeeming Bullpen.pro NFTs will be efficient and seamless.
By creating the world’s first secure NFT ecosystem, LODE addresses several inefficiencies in physical silver and gold custody. “In the near future, all real estate will be tokenized. LODE is at the frontier of this massive migration to digitalization of everything. Bullpen.pro plays a central role in this migration by being the first of its kind and offering a new way for bullion- market to engage with precious metals,” said chairman and co-founder of the LODE Project, Ian Richard Toews.
Bullpen.pro will enable silver and gold producers, institutional bullion dealers and financial institutions to enter the NFT space and offer direct ownership of large format silver and gold directly to investors. Bullpen.pro will further accelerate the sector’s growth by reducing friction/costs and transforming the industry with modern technology to improve efficiency and market access.
About LODE
LODE is an asset-backed ecosystem that restores precious metals to the global monetary system. LODE’s initiatives enable people, organizations and institutions worldwide to access alternative money solutions that are transparent, sustainable, inflation-resistant and relevant.
Learn more about Bullpen.pro at: https://go.lode.one/bullpen/
Learn more about LODE at: https://lode.one
Media contact: Nicholas Prouten – [email protected]
SOURCE SOUND (Switzerland) AG
