|Raise Close Date||July 31, 2020|
|Last Updated||July 27, 2020|
|Current Amount Raised||$67,785,104USD|
|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|
|Price Per (MSGLD)||$32|
|Token Issuance Platform||Tokeny|
|Token Issuance Info||TBA|
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.
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
Benefits for the MSGLD Token-holders
Tokens backed by and redeemable for LBMA certified bullion.
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:
Please review our website at www.metalstream.io for more information, or contact [email protected] for a subscription agreement.