IPMB Token

IPMB is delighted to finally share our second Agreed Upon Procedure for Verification report from Grant Thornton. As of 29 April 2024, the total reserves backing the IPMB Token are approximately 8 tons of gold doré bar with an average purity of 93.32%, which correlates to a value of around $500 million.The monthly verification of reserves report reads as follows:“as at 29th of April 2024, 8,041kgs of gold Dore bars belonging to the Company are held by them in custody. During the month of April 960kgs of gold Dore bars were added to the Company’s reserves held by Asar.The average minimum purity of these bars as per the Custodial receipt has been verified by Asar’s lab technicians to be at 93.32% of 22&#43;crt.” <a href="https://ipmb.com/proof-of-reserves" rel="noopener noreferrer nofollow">To read the full report – Click Here</a><h3 id="strong-br-the-importance-of-this-report-strong"> The Importance of this Report</h3>This report proves crucial to the success of the IPMB Ecosystem.  It validates our reserves and confirms to our community that we are continuing our journey to build a new global payment standard and to be the leader in the tokenization of gold.We will work with Grant Thornton to receive regular verification reports going forward. All reports will be available to view on our website here.<h3 id="strong-br-about-ipmb-strong"> About IPMB</h3>The IPMB Ecosystem offers direct access to physical gold, allowing exposure to the stability of gold and the speed and security of the blockchain through a dual-token model.  Through this innovation, IPMB is striving to change the gold industry forever.IPMB’s mission is to provide the world access to unlimited economic freedom and opportunity, giving choice and control to accelerate a global transition to a low-cost, unified and transparent global currency.‘From the mine to the vault, and in the cloud’, IPMB manages and operates physical gold production, sourcing, beneficiating, exporting, refining, stamping and vaulting of gold.The IPMB Ecosystem is at the heart of the IPM Group, a group of companies spanning three continents and five countries.

Monthly verification of reserves report (April 2024)

Table of Contents

IPMB

Other articles published on Jun 13, 2024

Fed Signals Rate Cut by 2024, Bitcoin Investors Eye Potential Gains

ETH/BTC Price Analysis: Here’s Why Ethereum Price Could Close The Week At $4,000

Cryptocurrency LEO Token Down More Than 5% Within 24 hours

Ripple CEO Breaks Silence on Recent Milestones: Details

Stablecoin Giant Paxos Shocks With 20% Workforce Slash

Tron’s Illegal Involvement and Chainlink’s Uncertain Prices Make it Difficult to Keep Pace with Q...

Join our free newsletter for daily crypto updates!