The World Gold Council (WGC) has invested in aXedras, and the WGC CEO will join the board of the Swiss blockchain startup that provides supply solutions for the precious metals sector. The investment was part of aXedras’ Series B funding of an undisclosed amount.
In March, the WGC and London Bullion Market Association (LBMA) announced a joint initiative to use blockchain as part of the Gold Bar Integrity Programme. Two startups were announced as solution providers, aXedras and Peer Ledger.
“The WGC recognises that initiatives like the Gold Bar Integrity Programme require industry-wide collaboration but also significant funding to ensure success,” David Tait, CEO, World Gold Council.
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