Blockchain wallet platform Lohko announced that it has partnered with London-based blockchain technology company Mattereum to launch a new physical product ownership model that will enable Verifiable gold non-fungible token (NFTs) will be traded on the blockchain and attached to carbon offsets.

Using Lohko Wallet, investors can safely hold, buy, sell or transfer ownership of physical gold bars, not just owning IOUs. At the same time, Mattereum’s asset passport binds each individually numbered gold bar to the NFT; it has a legally executable smart contract that can be used publicly on the blockchain.

This new ownership model pioneered by Lohko and Mattereum provides a perspective for a sustainable and fair virtual economy in the future. The verifiable digital identity of each gold bar, identity verification and provenance can create transparent inventory information; and allow owners to check whether their assets meet ethical environmental and social standards, while automatically investing in carbon offsets.

In addition, the verifiable gold NFT will also enable artists to bind premium versions of their digital works with physical gold, allowing collectors to securely buy and sell in various markets, and investors can directly own digital physical ownership. The gold bars held in the Lohko wallet are stored in a secure vault maintained by Bullionstar.com, a partner of Lohko’s gold exchange in Singapore.

Physical Assets Passport

Mattereum Asset Passport is a third-party verified digital identity of physical assets stored on the blockchain. They can be assigned to various asset classes, including: fine arts, collectibles, luxury goods, aviation parts, consumer electronics, and so on.

It is worth noting that Mattereum Asset Passport bundles legal and digital agreements, which represent the true ownership of objects. In addition, it provides secure digital sources, certificates of authenticity, insurance frameworks and dispute resolution.These ones Wise legal agreement It is encrypted and signed and protected on the chain; stored in a distributed storage network such as IPFS.

“The main limitation of gold as an investment category is that its ownership is difficult to transfer. Generally, gold buyers cannot enter the secondary market. NFT gold in the blockchain does not have this restriction. NFT gold owners can sell their gold anywhere, And sell it to anyone in any blockchain market.”
-Dr. Antti Saarnio, CEO of Lohko

Gold NFT – GoldNFT.io

Gold NFT is a new type Irreplaceable token For tangible assets or digital twins, it is a blockchain token that represents the digital ownership of tangible goods stored in an immutable ledger.

“Once you can make gold, which is the oldest asset class in the world, you can do anything. Put gold on the blockchain in a way that provides such excellent protection for the rights of bar owners; Where possible, we have put in tremendous effort and will become a real game changer. We hope you can fully trust the product of our cooperation.”
– Vinay Gupta, founder and CEO of Mattereum