LCX has launched a complete tokenization framework, including LCX Gold (LCXG), LCX Silver (LCXS), and LCX Platinum (LCXP). These tokens offer access to tokenized ownership certificates for physical precious metals backed by TokenFi as well as unique Non-Fungible Tokens (NFTs). The new framework really serves to connect the dots between the traditional, or analog assets, and the digital world. It gives investors new opportunities to acquire and store their precious metals.

The LCX Exchange provided liquidity for the trading of LCXP, LCXG and LCXS tokens on its platform. As such, the company’s goal is to give users a regulated and secure ecosystem for safely buying, holding and interacting with these digital and rare assets. This launch is an important move in LCX’s goal to help drive the adoption of blockchain technology in the financial sector.

LCX Gold (LCXG)

LCXG acts as a utility token and provides access to Tiamonds Gold NFT. Unlocking a Tiamonds Gold NFT requires only 1 LCXG token on the LCX Tokenization Bridge. Don’t miss out on this chance, and claim your very first NFT!

Additionally, LCXG stands for ownership of an on-chain certificate of ownership that translates to precisely one ounce of high-quality, investment-grade, physical gold. This brings a private, cost-effective, and transparent way for investors to own a fractionalized piece of physical gold.

The physical gold backing the LCXG tokens is kept in high-security vaults located in Liechtenstein. These vaults are insured from top to bottom, adding a wealth of security and peace of mind for the investor. Lloyd’s of London backs this insurance.

LCX Silver (LCXS)

LCXS acts as a digital access gateway, allowing you to interact with the on-chain proof of ownership. It provides access to a Tiamonds Silver NFT, representing one ounce of verified, investment-grade physical silver.

It is essential to recognize that LCXS is not a silver-backed token. Rather, it is access to an NFT that is pegged to real-world silver.

One LCXS token allows the holder to redeem one unique Tiamonds Silver NFT via the LCX Tokenization Bridge. This distributed ledger technology provides a secure and transparent way to track and transfer ownership of the digital asset.

LCX Platinum (LCXP)

LCXP serves as the utility token, which provides access to one Tiamonds Platinum NFT. Namely, one LCXP token will be needed to unlock one matching Tiamonds Platinum NFT.

LCXP isn’t just helpful in the NFT space, it provides a unique value-add. It serves as a tokenized ownership certificate for a single ounce of physical platinum. This gives a digital ledger-based proof of ownership for this precious metal.

Similar to gold and silver, the physical platinum backing the LCXP tokens are safely vaulted. It lives in high-security, fully-insured vaults in Liechtenstein. Each of these vaults are backed by Lloyd’s of London, guaranteeing the security and integrity of the underlying assets.