New York, United States
Orebits.io is a Financial Services startup, founded in 2016 and headquartered in the United States. The company aims to bring trust and transparency to the gold market by providing asset-digitization services managed on a distributed ledger via smart contracts known as "orebit.au." These services digitize ownership records of proven unrefined gold reserves into restricted securities called Orebits.au, allowing claim owners to access liquidity in new ways.
Backed by Blockchain and Distributed Ledger Technology, Orebits.io's digitized restricted security instruments facilitate, verify, and enforce the performance or negotiation of the underlying contract or asset transfer. This innovation allows the intrinsic value of proven gold reserves to be utilized in new ways, offering a solution to the extreme volatility in today's financial markets and enabling stakeholders to fully monetize their holdings.
Orebits.io addresses the lack of a market mechanism to fully monetize gold holdings by digitizing proven gold reserves into Orebits.au on their distributed ledger. This enables claim owners to access liquidity prior to the reserves being mined, refined, and sold in the marketplace, presenting opportunities for leveraging even greater returns from unrefined commodities for institutional investors.
With an increasing focus on the value and universal exchange rate of gold, Orebits.io's innovative approach holds promise for transforming the gold market and providing new leverage for financing, collateral, and private transactions, ultimately impacting stakeholders' balance sheets in a substantial way.