MINDEX is excited to announce to local and international investors that they are now able to buy tokenised gold, through its regulated ecosystem. In line with its vision of democratising investment and encouraging wealth creation for all, MINDEX now allows retail, sophisticated and institutional investors in Africa and elsewhere to buy digital gold in Mauritian Rupees, in 18 African currencies as well as all major currencies, starting from a minimum amount of MUR 5000.
To roll out this investment product, MINDEX has partnered with Global Gold Metal X Change (Mauritius) Ltd, an entity that has been issued a Freeport Certificate by the Economic Development Board of Mauritius under the Freeport Act 2004, to provide minting, vaulting, refinery and warehousing services.
The CEO of MINDEX, Jessica Naga, explained that: “MINDEX is excited to be launching its first retail-inclusive tokenised real-world asset, gold, along with an established South African player, with more than 35 years’ experience in this space. By adding our varied capabilities and licences, ourselves in FinTech and them in the minting, vaulting, refinery and warehousing of commodities such as gold, we have created a digital gold token available to both the local and international market. MINDEX is most proud that we will be providing this asset to the retail Mauritian market in rupees. MINDEX has been talking about democratisation of investment for a long time and this is finally a reality”
Founding Member and Director of Global Gold Metal X Change (Mauritius) Ltd, David Janneman, stated that: “We are so humbled and honoured to be working with MINDEX and its professional team in creating products to seamlessly combine tangible real world investment products in the form of gold with forms of digital assets that are listed on the MINDEX Platform, which is fully regulated. We look forward to bringing our 35 years of experience and technical expertise in the commodities space to MINDEX and new end clients in the form of high-quality finished goods“
The Chairman of MINDEX Limited, Manisha Dookhony, a well-respected economist, commented that: “Gold is part of tradition and modernity. This asset class provides an innovative option shrouded in this realm of a very solid traditional asset, an asset that many go to in last resort. MINDEX provides this unique bridge between two asset classes, between tradition and innovation and a vital link to the future.”
Atul Bhatia, Chief Fintech Officer at Emtel, added that “We are happy to support this MINDEX venture by allowing investment in gold from your MUR linked bank account via blink. The transaction can be made through the biller journey on the blink app. This goes in line with our vision to connect blink users more efficiently with innovative products and to open new opportunities via our app”
