The second Agreed Upon Procedure for Verification report by Grant Thornton has been shared by IPMB, revealing that the IPMB Token is backed by approximately 7 tons of gold doré bars with an average purity of 93.8% as of 30th March 2024, equating to about $500 million in value.
The monthly reserves verification report states that as of 1st February 2024 and up to the report date on 30th March 2024, IPMB Bullion S.R.O. holds around 7,000 kg of gold Doré bars with a minimum purity of 93.8% of 22+crt, verified by Asar’s lab technicians.
The Significance of the Report
This report is pivotal for the IPMB Ecosystem, marking the initial external validation of the reserves and assuring our supporters of our authenticity and commitment to establishing a new global payment standard.
Future collaboration with Grant Thornton is planned to obtain regular verification reports, all of which will be accessible on the IPMB website for transparency.
About IPMB
The IPMB Ecosystem grants direct exposure to physical gold, combining the stability of gold with the efficiency and security of blockchain technology through a dual-token design. IPMB aims to revolutionize the gold industry with this unique approach.
IPMB's objective is to grant universal economic freedom and opportunity, empowering individuals with choice and control to facilitate the worldwide adoption of a cost-effective, unified, and transparent global currency.
IPMB oversees the entire gold production process from mining to vault storage, utilizing physical gold production, sourcing, beneficiation, exportation, refining, minting, and vaulting.
Situated at the core of the IPM Group, the IPMB Ecosystem operates within a conglomerate spanning multiple continents and countries.
