aXedras Partners with the Royal Canadian Mint
More exciting news from aXedras during the month of September: aXedras has announced a collaboration with the Royal Canadian Mint, a Crown corporation owned by the Government of Canada, responsible for the minting of Canada’s circulation coins and the world renown Maple Leaf bullion coins. This collaboration comes about thanks to the successful completion of aXedras’s role in the global pilot for the LBMA and WGC joint-initiated Gold Bar Integrity Programme.
“aXedras and the Royal Canadian Mint collaborate on digitalization of prevenance and product integrity” was a joint press release from both aXedras and the Royal Canadian Mint on September 28, 2023.
Zug (Switzerland), Ottawa (Canada), September 28, 2023 – aXedras, a pioneer in digital solutions for supply chains of precious metals, is delighted to announce that it is collaborating with the Royal Canadian Mint (the Mint). This strategic collaboration underscores the capability of aXedras’ solution to supporting proof of provenance, product integrity and traceability within the precious metal industry.
The partnership comes after the successful completion of the global pilot under the Gold Bar Integrity Programme co-initiated and led by the London Bullion Market Association and the World Gold Council.
"We are excited to support the Royal Canadian Mint in their commitment to continuous improvement and innovation," said Urs Röösli, CEO at aXedras. "Our platform will enable a digital layer of transparency and traceability."
“Precious metal investors have long trusted the Royal Canadian Mint for the purity, quality and security of the metals we refine and the bullion we produce,” said Marie Lemay, President and CEO of the Royal Canadian Mint. “By implementing this innovative solution, the Mint can now offer its customers end-to-end sourcing transparency.”
The Mint will leverage aXedras' Bullion Integrity Ledger™ solution to further enhance its focus on being best-in-class for its supply chain and partner management. This collaboration will help to provide an additional layer of assurance and transparency to the refinery's operations, reinforcing its position as a leading player in the precious metal industry.
aXedras's blockchain-based solution will capture and preserve data along the supply chain of gold with the intent of ensuring the provenance and integrity of refined gold products. This innovative use of technology will encapsulate the refinery's best practices and relevant data, offering downstream customers and investors an excellent level of traceability and transparency.