RCM, aXedras team up on provenance digitization

The Royal Canadian Mint has partnered with aXedras, a digital solutions firm working with supply chains of precious metals.

This strategic collaboration underscores the capability of aXedras’ solution to support proof of provenance, product integrity and traceability within the precious metal industry. The partnership comes after the successful completion of the global pilot under the Gold Bar Integrity Programme, co-initiated and led by the London Bullion Market Association and the World Gold Council.

“We are excited to support the Royal Canadian Mint in their commitment to continuous improvement and innovation,” said aXedras CEO Urs Röösli. “Our platform will enable a digital layer of transparency and traceability.”

According to Mint President and CEO Marie Lemay, precious metal investors have long trusted the Mint “for the purity, quality and security of the metals we refine and the bullion we produce.”

“By implementing this innovative solution, the Mint can now offer its customers end-to-end sourcing transparency.”

The Mint will leverage aXedras’ bullion integrity ledger to enhance its focus on being the best in its class for supply chain and partner management. This collaboration will help to provide an additional layer of assurance and transparency to the refinery’s operations, reinforcing its position as a leading player in the precious metal industry.

Founded in 2018, aXedras is an independent information technology provider headquartered in Zug, Switzerland. Its goal is to take the precious metal industry “to the next level of digitalization” through a secure supply chain solution, the blockchain-based Bullion Integrity Ledger. The ledger, a member-based platform for peer-to-peer interaction between the stakeholders of the precious metal market, “ensures the combination of efficiency, integrity, traceability and confidentiality of data and business transactions,” according to the firm.

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