Sydney, Australia - 1 March 2023 - The Perth Mint Gold Token (PMGT) was launched in 2019 as an institutional grade smart contract, backed by gold held at The Perth Mint. Trovio (formerly InfiniGold), the issuer of PMGT, has recently made a decision to no longer support the smart contract due to several factors after a number of years in operation.
The Perth Mint was established in 1899 and is the world’s largest processer of newly mined gold and highest volume refiner in Australasia. Working with an entity owned by the Government of Western Australia and one of the largest London Bullion Market Association (LBMA) accredited refineries aligned with the product vision, as well as Trovio’s core values at inception.
Perth Mint Gold Token (PMGT) Holders will be able to trade out of their PMGT position against the PMGT market maker on Australian Exchange Independent Reserve or redeem the tokens for the Perth Mint GoldPass certificates. Token holders that do not have access to an Independent Reserve or GoldPass account are requested to lodge a support ticket at https://pmgt.io/support/
Further information detailing the PMGT wind down process will be published on https://pmgt.io/ over the coming months.
For more information please contact:
Amelia Hitchings
Head of Marketing & PR at Trovio
amelia.hitchings@trovio.io
About Trovio
Trovio is Asia Pacific’s leading hybrid asset management and technology solutions architect that supports its partners in navigating the emerging digital landscape and the evolution of commerce through leading-edge technology solutions and institutional-grade investment products.