Orebits.Io

Description

• Orebits provides asset-digitization services that are managed on a distributed ledger via smart contracts called Smart Certs. By digitizing ownership records of unrefined precious metal reserves into digital certificates called Orebits, claim owners and peripheral investors are able to maximize their liquidity. The resulting increase in liquidity enable the Smart Certs to be utilized for financing, collateral, private transactions or simply as a line item on his/her balance sheet. Blockchain and Distributed Ledger Technology were introduced in 2008 and quickly became synonymous with emerging crypto-currencies and the negative attention these alternative gained in the marketplace due to their disruptive characteristics. But quickly, these underlying technologies become increasingly secure and more structured, giving birth to a new generation of blockchain technology. These asset digitization instruments facilitate, verify and enforce the performance or negotiation of the underlying contract or asset transfer. When applied to unrefined precious metal reserves, Smart Certs allow recoverable gold, silver, platinum, copper and other mineral assets to be sold, managed or leveraged via a distributed ledger, creating liquidity where there was none before. Extreme volatility in today's financial markets has brought greater attention to the value and universal exchange rate of gold and other precious metals. Despite this, today's stakeholders find themselves without a market mechanism to fully monetize their holdings. By digitizing mineral rights into Orebits Smart Certs, claim owners are able to have liquidity prior to the reserves being mined, refined and sold in the marketplace. And institutional investors can leverage the even greater returns unrefined commodities offer over their fully refined counterparts.
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  Headquarters:25 Broadway , New York, New York, United States

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  Phone Number: +1 212-419-1900

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  Website: https://www.orebits.io

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  Employees:2

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  Revenue:$0 - 1M

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  Legal Name:Orebits.Io

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• |  NAICS Code: 541330  |

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