FIX00

The world's first precious Stone fully backed Utility Token

Collectibles - such as art, precious stones, and jewelry - are not within the purview of the U.S. securities laws. Such assets trade on closed, unregulated, auction-based markets and cater largely to the ultra-wealthy.

Incongruity arises from the fact that cryptocurrencies can and do purchase collectibles, directly through these unregulated markets, but the crypto world is prohibited from performing such transactions via its own dynamic markets unless the collectible has been designated a security token and trades on a regulated market.

A clear path can be found to remedy this situation and one that meets the existing regulatory requirements but requires more adaption to turn evolution into the necessary revolution.

In an industry-wide first, FIX00 is issuing a utility token and this evolutionary step will showcase not only a collectible but importantly demonstrate the legal structure and security the real-world physical asset will be held in.

The collectible is fully insured and kept with a renowned secure depository where it will remain in perpetuity, complying with regulatory standards by ensuring it can never be sold; nor a profit derived from it.

This structure will be used in our forthcoming platform to allow a Non-Fungible Token (NFT) to be issued against such collectibles, allowing not just the ability to buy and sell these unique assets in the crypto market but also ownership rights, and traceability with the smart contracts adding detailed information such as the owner’s identity, asset details etc., for the proof of identity.

The revolutionary aspect will come from authorising fractionalisation of these NFT's and a unique protocol specification for every single token. Helping create the world's first truly deep, open, liquid, and tradeable market in such assets.