CompaniesGlobal NewsTokenization

AMA-AMBIOGEO Tokenizes $4.6B in Gold Reserves Using Tokeny Technology

AMA-AMBIOGEO, a pioneering joint venture (JV) focused on sustainable resource management, has announced the tokenization of $4.6 billion in gold reserves, utilizing Tokeny’s technology to transform previously inaccessible real-world assets (RWA) into tradable, compliant digital securities.

Formed by AMA Resources and AMBIOGEO, this JV brings together 70 years of mining expertise, assembling global talent to revolutionize the financial capacity of miners in South America. As one of the region’s largest exploration companies, AMA-AMBIOGEO is carving out a unique position in the natural resources sector.

The Supernova Project is their flagship initiative, involving the tokenization of gold reserves across two sites in northern Brazil: Supernova and Riacho Seco. Together, these sites hold 474 metric tons of gold, certified under the S-K 1300 standard, with an economic value of $36.8 billion at the time of tokenization. The discounted cash flow (DCF) value was set at 12.5%, or $4.6 billion, after accounting for extraction costs, the state of the mines, and time value of money. These assets have been transferred to a Wyoming LLC, with its equity securities tokenized and promoted through a Private Placement offering under SEC Regulation D, Rule 506(c), and Regulation S for non-US investors.

AMA-AMBIOGEO’s sustainability model capitalizes on tokenization to unlock the financial value of gold reserves, while minimizing physical extraction. By converting these reserves into digital securities, investors gain fractional ownership without the need for mining, preserving the environment and providing liquidity.

“Unlike owning physical gold or land, co-ownership of tokenized proven gold reserves offers a sustainable way to unlock value without extraction. Our goal is to modernize the mining industry through innovation and sustainability. Partnering with Tokeny, we’re bringing $4.6 billion in gold reserves onchain, offering a digital experience with features like self-custody, transferability, and collateralization, capabilities that were never before available to investors,” said Ernesto Bernadet, CEO of AMA Resources.

Tokeny’s role in this transformative project ensures secure, compliant, and efficient tokenization using the ERC-3643 standard, enabling broad distribution across multiple marketplaces and future integration with DeFi platforms for added features.

Compliance is the backbone of RWA tokenization, and AMA-AMBIOGEO’s dedication to enforcing it onchain sets them apart. We’re proud to support their efforts with our onchain operating system, enabling them to issue, manage, and distribute permissioned ERC-3643 tokens that only qualified investors can access and trade, all while keeping the door open for DeFi innovation,” Luc Falempin, CEO Tokeny.

News Desk

UNLOCK Blockchain News Desk is fueled by a passionate team of young individuals deeply immersed in the world of Blockchain and Crypto. Our mission? To keep you, our loyal reader, on the cutting edge of industry news. Drop us a line at info(@)unlock-bc.com to connect with our team and stay ahead of the curve!

Related Articles

Back to top button