MetalStream Token

MSGLD

MetalStream logo

The Raise Total

$89,100,000

Price Per Token

$32

Raise Start

May 1, 2020

Minimum Investment

$24,000

https://www.metalstream.io/en/tokens/

MSGLD are backed by and redeemable for gold bullion. Get the liquidity of a token, plus the safety of gold, at a 40% discount to spot!

Fundraise Status

Number Investors 31
Raise Close Date July 31, 2020
Last Updated July 27, 2020

Raise Progress Closed

Soft Cap
76.08% Complete
Current Amount Raised $67,785,104USD

Terms

Fundraise Information

Total Raise $89,100,000 USD
Soft Cap $50,000,000 USD
Raise Status Open since Active
Minimum Investment $24,000 USD
Accepted Investors US & International Accredited Only
Security Type other
Exemptions TBA
Instrument TBA

Token Information

Price Per (MSGLD) $32
Token Issuance Platform Tokeny
Token Protocol T-Rex
Token Issuance Info TBA
Payment Options
  • BTC
  • ETH
  • USD

Token Rights

MSGLD represents a perpetual option on gold owned by MetalStream. Each MSGLD is backed by and can be redeemed for 1 gram LMBA certified gold bullion. MSGLD can be redeemed in lots of 1,000 MSGLD for a 1-kilo gold bar, after the company declares a redemption event.

About

Overview

MetalStream Ltd (LL16561) is a private company registered in Labuan, Malaysia. We issue security tokens fully backed by physical metal, sourced at discount via bullion trading and forward purchase agreements with miners. The present focus is gold, with other precious metals planned for in the future.

MetalStream was formed to apply blockchain technology to precious metal finance and investing. The founders have previously worked together on related projects and are drawn from mining, technology and capital market backgrounds. The result is an innovative and safe business model that benefits both our suppliers and MSGLD subscribers.

The company addresses inherent weaknesses in the junior mining sector, which currently offers extremely limited and punitive financing options for junior mining companies. In disrupting this sector, the company is able to offer its security token subscribers incredible value, whilst maintaining safety and liquidity. MetalStream is incorporated in the Labuan International Business & Finance Centre (Labuan IBFC), an independent offshore financial jurisdiction under the purview of the Ministry of Finance, Malaysia and fully regulated by the Labuan Financial Services Authority.

The Labuan IBFC is strategically located in the heart of Asia Pacific, has very favourable tax and fintech regulations, and is well-positioned to tap into one of the fastest-growing regions in the world. negotiated for further MSGLD issuance in 2020 and beyond, with a target of 200 million MSGLD being issued by the end of 2022.

Benefits for the Mining Developers

  • Capital for the exploration, development and construction of mining operations.
  • Monetisation of precious metals by-products from base metals operations.
  • Balance sheet restructuring and acquisition finance.
  • Financing without dilution of shareholders or increase of debt.

Benefits for the MSGLD Token-holders

  • Acquisition of precious metal at a discount to current spot prices.
  • Holding of precious metal without storage, security and insurance overheads.
  • Tokens inherently more liquid than the underlying metal.

Tokens backed by and redeemable for LBMA certified bullion.

Highlights

The first issue of MSGLD is 2.8 million tokens representing 2,800 kilos of gold. These tokens are available for purchase via private placement only:

  • MSGLD are available for USD 32.
  • Minimum purchase is 750 MSGLD or USD 24,000.
  • Total discount to spot price of gold at the private placement price is around 40%.

Please review our website at www.metalstream.io for more information, or contact [email protected] for a subscription agreement.


Team

Rohan Cavaliero

Managing Director

Andrew Walsh

Director, Corporate Strategy

Eli Weir

Director, Technology & Operations

Scott Joseph

Marketing & Communications

Siti Khadijah "Aja" Yunus

Legal & Compliance

Windi Weir

Investor Relations

Use of Funds

Payment for gold metal streams

56%

Purchase of bullion for early redemptions

25%

Operations and acquisition of additional gold metal streams

19%

Documents