Techemynt to Launch Tokenized Gold and Silver Bullion in New Zealand

Auckland, New Zealand – Techemynt, New Zealand-based digital asset issuer, today announced the launching of GoldNZ and SilverNZ, institutional-grade tokenized precious metals backed by fully allocated physical bullion stored in NZ’s oldest Commonwealth Vault facilities. Being one of the most established blockchain technology companies in NZ, Techemynt has selected Commonwealth Vault, a leading bullion storage provider with Vaults in New Zealand and Australia as their preferred vault provider. 

Each GoldNZ token represents one troy ounce of investment-grade gold, while each SilverNZ token represents one troy ounce of silver, both fully allocated and segregated in Commonwealth Vault’s secure New Zealand facilities. Token holders maintain beneficial ownership rights under a bare trust structure while enjoying the liquidity and efficiency of blockchain technology.

“This launch represents a significant milestone in bringing traditional precious metals into the digital age,” says Fran Strajnar, Executive Director of Techemynt. “By combining Commonwealth Vault’s state-of-the-art vaulting solutions with Techemynt’s 15+ years of blockchain expertise, we’re enabling international investors anywhere in the world to access physical gold and silver stored in audited vaults in the Safe Harbour New Zealand Jurisdiction. 

“Holders of $GoldNZ or $SilverNZ can keep their tokenized bullion in their preferred web3 wallet and not need to pay for storage costs. Additionally, with the global trend of ‘real world assets coming onchain’, Decentralized Finance solutions can be integrated to make Gold and Silver more programmable”, added Strajnar.

All Verified Holders purchasing tokens directly from Techemynt complete customer due diligence checks in line with Techemynt’s FSP obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) of New Zealand.

Once a holder has a $GoldNZ or $SilverNZ, they are freely transferable on-chain.
Users can send their tokens back to Techemynt and redeem physical bullion in line with Techemynt’s T&C or use a secondary market.

The ‘first mint’ to initially seed supply into the web3 market will occur within 2-3 weeks.

Currently, the global market capitalization of tokenized gold and silver exceeds $5.5B USD and is expected to grow to over $2–4 trillion for tokenized real-world assets (RWAs) by 2030 according to a report from McKinsey & Company’s in June 2024 report titled “From ripples to waves: The transformational power of tokenizing assets“

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ABOUT TECHEMYNT

Techemynt (https://www.techemynt.com/) is a New Zealand Registered Financial Service Provider (FSP no. FSP773214) and the issuer of NZDS, a stablecoin backed 1:1 by the New Zealand Dollar, as well as GoldNZ and SilverNZ, tokenized precious metals backed by fully allocated physical bullion. Techemynt’s digital assets provide blockchain-based access to traditional stores of value, enabling efficient trading, remittance, and integration with decentralized finance while positioning New Zealand as a prominent participant in the global digital asset economy. Techemynt is led by Fran Strajnar, founder of the digital asset firm Techemy and crypto news agency Brave New Coin.

ABOUT GoldNZ and SilverNZ

GoldNZ and SilverNZ are tokenized precious metals backed 1:1 by fully allocated physical gold and silver stored in Commonwealth Vault’s New Zealand facilities. Each GoldNZ token represents one troy ounce of investment-grade gold, while each SilverNZ token represents one troy ounce of silver. The tokens merge the security of physical precious metals with the flexibility and efficiency of blockchain technology. GoldNZ and SilverNZ are issued by Techemynt, a New Zealand registered Financial Service Provider. To learn more, please visit www.techemynt.com.

GoldNZ token contract (same address on each chain):

Ethereum

0xAA66A3CCB6259ccC2AC8bafCBa3e0C73B703E52B

Polygon

0xAA66A3CCB6259ccC2AC8bafCBa3e0C73B703E52B

Base

0xAA66A3CCB6259ccC2AC8bafCBa3e0C73B703E52B

SilverNZ token contract (same address on each chain):

Ethereum

0x0D4065979a081Be0C5832E307ca17675080687aA

Polygon

0x0D4065979a081Be0C5832E307ca17675080687aA

Base

0x0D4065979a081Be0C5832E307ca17675080687aA

Company Contact: [email protected]

Media Contact:  [email protected]

Website: Techemynt.com