South Africa’s Tokenized Financial Assets Exchange Launches Bullion Krugerrand Tokens
South Africa’s tokenized financial assets exchange, Mesh.trade, has reportedly launched Bullion Krugerrand tokens issued by Troygold, allowing investors to buy fractional gold holdings stored securely at Brink’s in Johannesburg. Each purchase generates a gold ownership certificate confirming fractional ownership down to seven decimal points. Investors can redeem tokens for physical Krugerrands once they accumulate a full ounce. Holdings are fully insured by Lloyd’s of London, and vault access is restricted to custodians. Troygold charges a 1.2% upfront fee for two years of storage. Mesh.trade ensures clients retain direct ownership of their tokenized assets via blockchain accounts. If the platform ceases operations, investors can still redeem their gold through Troygold. The initiative strengthens access to gold investments while maintaining security and flexibility.
