GEM stands for Globally Exchanged Metal.  GEM NFTs are digital tokens that represent physical gold bars and coins.  Each GEM NFT has a physical gold product stored in a vault allocated directly to it.  For example, a GEM1000 represents 1000 grams of 24-carat gold. 

GEM is a leading product in the tokenization of real-world assets, a process in which physical assets like gold, stocks, and real estate are represented in digital form. Whilst being digital assets, GEM NFTs can be physically redeemed for the underlying gold and therefore have a real physical value.

GEMs solve all of the pain points associated with modern-day gold ownership solutions. Today, owning gold or being exposed to the gold price is costly; you typically have to cover fees for the physical gold behind your methods of gold ownership, such as storage, insurance, management, or more.  Popular gold ownership methods today are through Gold ETFs or other financial instruments – even existing gold crypto tokens have fees for owners. 

GEM NFTs have no additional fees for owners, and GEM holders may also receive an annual loyalty reward – for the first time, gold is a positive carry asset. 

Gold is also historically sourced through controversial methods and therefore, the origin of much of the gold that exists today is unknown and is not documented.  All gold allocated to GEM NFTs is fully traceable to the exact mine it was sourced and is compliant with all international guidelines – all ESG information is available to GEM holders at any moment as in recorded within the GEM NFTs digital data – this data is immutable, it cannot be changed.

GEM NFTs are part of the IPMB Ecosystem, a financial ecosystem built and powered by gold. The cornerstone of the IPMB Ecosystem is the IPMB Token, a utility/payment token.  IPMB Tokens can be utilised by their users in a process called staking.  Staking IPMB Tokens allows users to unlock up to an 11% discount on GEM NFTs – essentially an 11% discount on gold.