Australian Largest Asset Exchange, BTC Markets, is Listing Meld Gold on Its Platform

By José Oramas November 17, 2020 In Australia, Blockchain, Brisbane, Gold

The largest Australian trading platform, BTC Markets, announced today on Twitter the listing of Meld Gold (MCAU). A Brisbane-based company that delivers and facilitates gold ownership through digital gold certificates.

BTC Markets will offer their investors AU$1 million of Meld Gold at spot prices. The trading officially starts at 11:00 AEDT on 17th November 2020.

Backed by Australian Gold

Meld is backed by recycled Australian gold, held in independent Australian vaults and refineries. The brand new company has partnered with retailers, industries, financial advisers, and several global brands to consolidate and connect their entire gold supply chain.

Meld allows businesses and investors can transact and sell their gold directly with bullion dealers — Including Brisbane-based Imperial Group, independent collective offering products and services specialising in precious metals.


Meld is also built on Algorand (ALGO), a technology that created the world’s first permissionless, point of sale (PoS) blockchain protocol and focuses on DeFi applications like Smart Contracts and Atomic Transfers.

In April, Meld announced its partnership with Algorand and Australian gold industries to add the supply chain of gold onto the blockchain technology. Usually, gold-backed tokens are supported by an amount of physical gold — under the issuer’s custody. 

However, in the Meld system, every token equals one gram of physical gold — not held by the issuer but the network companies, like Melbourne Mint. 

“Meld is developing an industry solution that interconnects the entire supply chain, creating efficiencies such as decreased costs, increased transaction speed, and greater liquidity.”

stated Michael Cotton, director of Meld Gold, for Decrypt.

Meld is using blockchain technology to emulate and improve the actual gold market” stated Peter August, CEO of Melbourne Mint for Cointelegraph in April. August believes that Meld can shape the Australian gold industry with its new model.

José Oramas

José Oramas

José is a journalist and translator with a keen interest in blockchain and cryptocurrencies.

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