Dacxi partners with ABC Bullion

Australian crypto wealth management platform Dacxi has partnered with ABC Bullion, Australia’s largest independent precious metals dealer, to create an easy way for Australians to invest in precious metals.

The “precious metals” bundle will let investors purchase any amount of gold, silver, or platinum as a digital token, backed by physical metal stored in ABC Bullion’s vaults.

“For centuries, precious metals have been ‘go-to’ defensive assets for investors,” said Dacxi chief executive Ian Lowe.

“This is still the case today, but innovation also has an important role to play. Blockchain technology means we can democratise access to precious metals for everyday investors. The combined benefits of accessibility, simplicity, security and liquidity are compelling.”

ABC Bullion chief executive Janie Simpson said the supply and vaulting partnership solves some of the traditional issues that retail investors have when it comes to investing in precious metals.

“It allows them to purchase small or large amounts and provides a marketplace with liquidity that can be accessed at any time and from anywhere in the world,” she said.

“Tokenisation also solves the biggest worry for everyday investors — keeping their precious metal investment safe — as the physical assets are stored in our vaults.”

Read the full article here: https://stockhead.com.au/cryptocurrency/crypto-sydney-fashion-house-releases-climate-change-sneaker-nft-dacxi-tokenises-precious-metals/