The next-generation commodity markets powered by blockchain technology
connecting physical commodities with the blockchain
How does Tokenization of commodities work?
Stage 1 - Compliance Check
Commodities and suppliers are screened for AML and sanction compliance
Stage 2 - Assaying & Classification
Commodity is thoroughly inspected for quality and grade specifications
Stage 3 - Legal Framework
The design of the token is determined and associated legal work is completed
Stage 4 - Logistics & Storage
The commodities are transported to and stored in specified warehouse
Stage 5 - Digital Delivery
Corresponding MBX Tokens are issued to account of client
Stage 6 - Liquidation
Owner, with full control over MBX tokens, can sell commodity at independently set price on any online exchange or off- market to customers of his choice. Alternatively, tokens can be locked and used to obtain loans from financiers.
tokenized commodities and their advantages
Why use MBX E-Commodities and Solutions?
Private lenders, banks and other credit institutions can make use of the digital and decentralized infrastructure for their commodity-related operations
Depositories & warehouses
How are the underlying commodities kept secure?
Exactly how the underlying commodities are stored depends on the asset and region. MBX works together with only the most reputable service providers to facilitate the secure storage of your physical assets. For more information please see the asset specific documents. For a list of all warehousing and depository service providers MBX works together with please click the button below.
How is insurance and liability handled?
Although storage providers and MBX are corporately liable for the existence and safety of the underlying assets to MBX E-Commodities and certain insurances exist in some cases (this is asset specific and varies, please check asset documentation), token holders can get their underlying assets insured by third parties additionally (e.g. for Force-Majeure events). All of the storage providers have insurance policies for their facilities though these can be limited in value. See asset specific documentation or contact us or the relevant storage provider to find out more.
Curious for more?
More FAQ's coming soon. To ask questions and chat with the team you can join our Telegram group!