IPMB is delighted to finally share our second Agreed Upon Procedure for Verification report from Grant Thornton. The total reserves that back the IPMB Token as of 30th March 2024 are approximately 7 tons of gold doré bar with an average purity of 93.8%, which correlates to a value of around $500 million.
The monthly verification of reserves report report reads as follows:
“As of 1st February 2024 and until the Report date (30th of March 2024), approximately 7,000 kg of gold Dore bars belonging to the Company (IPMB Bullion S.R.O.) are held by them in custody.
The average minimum purity of these bars as per the Custodial receipt has been verified by Asar’s lab technicians to be at 93.8% of 22+crt.”
To read the full report – Click Here
The Importance of this Report
This report proves crucial to the success of the IPMB Ecosystem. This is the first third-party validation of our reserves and confirms to our followers that we are genuine and will continue our journey to build a new global payment standard.
We will work with Grant Thornton to receive regular verification reports going forward. All reports will be available to view on our website here.
About IPMB
The IPMB Ecosystem offers direct access to physical gold, allowing exposure to the stability of gold and the speed and security of the blockchain through a dual-token model. Through this innovation, IPMB is striving to change the gold industry forever.
IPMB’s mission is to provide the world access to unlimited economic freedom and opportunity, giving choice and control to accelerate a global transition to a low-cost, unified and transparent global currency.
‘From the mine to the vault, and in the cloud’, IPMB manages and operates physical gold production, sourcing, beneficiating, exporting, refining, stamping and vaulting of gold.
The IPMB Ecosystem is at the heart of the IPM Group, a group of companies spanning three continents and five countries.
To learn more about the project, visit the IPMB website or explore their communities.
