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Storing gold on the blockchain with TroyMoney

Storing gold on the blockchain with TroyMoney

Krause began his presentation by giving an overview of Worldvest and how he was introduced to the BSV blockchain.

Can blockchain help bring back the gold standard and act as a true store of value? This is the question WorldVest Chairman Garrett K. Krause and his team at TroyMoney are asking. Krause, who was speaking at the recent Unbounded Capital event in New York, explained that TroyMoney aims to tokenise vaulted gold and other precious metals on the blockchain. It does this by creating a series of precious metals-backed digital investment currencies to become part of the future of money.

The innovation of blockchain technology married with the real intrinsic value of gold and other precious metals allows for the reintroduction of gold and precious metals as a private new ‘metals as money’ monetary system separated from Government control and offering instant liquidity back to any global fiat currency.

TroyMoney together with an innovative smart contract protocol on the BSV blockchain aims to lead the innovation and development of a new global ‘metals as money’ initiative as a viable alternative to the current system of holding fiat currencies and CBDCs, which have a long history of consistently proven devaluation over time due to inflation and uncontrolled money printing.

A History of WorldVest

Krause began his presentation by giving an overview of Worldvest and how he was introduced to the BSV blockchain. He noted that Worldvest was initially founded in 1988 and focused on oil and gas, mining, trading and venture investing. As blockchain adoption grew in the early 2010’s Krause and his team planned to tokenise vaulted gold and precious metals.

‘This led to a deep dive into the BSV blockchain and James Belding at Tokenized, he said. ‘We began building TroyMoney on BSV using Tokenized protocols and signed an agreement to finance Tokenized up to $5 million and assist with protocol development and rollout,’ Krause said.

This eventually led to the launch of TroyMoney and MineralCoin as the first tokenised real-world assets on the BSV blockchain.

The team is now committed to building a world-class real tokenised assets global ecosystem on the BSV blockchain, said Krause. ‘Our vision is to own and transact physical gold, precious metals and fiat stablecoins all digitally tokenised on the world’s most efficient and scalable and economic blockchain,’ he said.

Making metals and money secure and blockchain

Krause emphasised that TroyMoney is not based on a theoretical but is committed to a real-world use case. ‘Money should be better, more stable, and secure,’ he said. ‘ This is the beginning of a new era, a new way to protect your money and transact, beyond government control, geo-political risks, the global banking system and new Central bank Digital Currencies (CBDCs) on the horizon.’

Krause pointed to several factors as to why TroyMoney provides an attractive business proposition, including:

  • People want their money protected by their real assets;
  • People are losing trust in banks in other financial institutions;
  • People are seeking to secure their wealth;

‘The timing has never been better to create a new, innovative global monetary system,’ said Krause.

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