Users will be able to store gold on the Ethereum blockchain
Swiss bank SEBA launches a digital token backed by precious metal
15.12.2021 - 12:30
621
1 min
0
What’s new? Swiss bank SEBA has launched a digital token that will allow investors to acquire rights to physical gold via Ethereum blockchain, Forbes reports. The depositors will be able to redeem the precious metal at any time without paying fees for its transportation and storage.
What is the point of digital gold? In addition to the ability to redeem physical gold, the token can also be used as a stablecoin. Such a solution will help protect investors from volatility in both traditional and cryptocurrency markets. Guido Buehler, CEO of SEBA Bank, said:
"Gold plays an important role in financial markets. With a market capitalization of more than $11 trillion, it offers investors reliable protection against inflation and a means of saving regardless of the economic situation… Our gold token, redeemable on demand at any time, eliminates the difficulties associated with owning gold for investors."
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$62 518
BTC
-3.22%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.1
XRP
-3.57%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.078873
DOGE
-5.35%
-
Zcash
$418.29
ZEC
-6.9%
-
Stellar XLM
$0.192973
XLM
-6.6%
-
Cardano
$0.150876
ADA
-5.21%
-
Polkadot
$3.32
DOT
+5.27%