SANTA CLARA, Calif.,
May 31, 2018 /PRNewswire/
-- Emergent Technology Holdings LP ("Emergent") is pleased to
announce a recent equity investment from Sprott Inc. (TSX:SII)
("Sprott").
The investment by Sprott, a global leader in precious metal and
real asset investments, comes as Emergent prepares to launch a
technology platform for the gold industry.
Emergent's Responsible Gold™ platform uses
blockchain technology to trace the provenance of conflict-free gold
from mines, to refineries, and through to vaults. This gold is the
foundation of G-Coin™, a digital token backed by
responsibly sourced, physical gold.
"Emergent's Responsible Gold platform and G-Coin digital token
have the potential to create meaningful value for the gold industry
by modernizing and increasing the transparency of the supply
chain,'' said Sprott Asset Management CEO, John Ciampaglia. "Emergent has earned the
confidence of gold producers and other industry participants whose
involvement will be critical to the success of the platform. We are
pleased to support this very promising technology."
Emergent's Responsible Gold platform is the only blockchain data
network that tracks responsibly sourced gold from its origin to
vault. Miners, logistics providers, refiners and vaults use
Emergent's mobile application to scan smart chips in tamper-proof
seals, automatically recording transfer of custody and other data
directly on the Responsible Gold blockchain.
"Investors are increasingly focused on Environmental, Social and
Governance compliance and we believe there will be a large and
enthusiastic audience for Emergent's Responsible Gold platform,"
said Sprott Managing Director, Andrew
Stronach.
"Sprott is a premier resource investor. They have shown early
insight in blockchain investments and we are delighted to be
associated with them," said Andrew
Parsons, Emergent's Chief Administrative Officer. "Our
platform is the first of its kind. It traces responsibly sourced
gold from mine to vault and then creates G-Coin tokens, which are
digital certificates of title to underlying physical gold, that can
be used as a currency around the world. We are redefining the
future of gold and are looking forward to Sprott's insight."
Emergent's G-Coin tokens will be available for purchase later
this year. The digital tokens represent 100% ownership of, and
title to, vaulted conflict-free gold.
To learn more, visit www.gcoin.com or
www.emergenttechnology.com.
G-Coin tokens are available now by invitation only. For
inquiries on the upcoming public release, please
email inquiries@emergenttech.com.
About Sprott Inc.:
Sprott is an alternative asset
manager and a global leader in precious metal and real asset
investments. Through its subsidiaries in Canada, the US
and Asia, the Corporation is dedicated to providing investors
with best-in-class investment strategies that include Exchange
Listed Products, Alternative Asset Management and Private Resource
Investments. The Corporation also operates Merchant Banking and
Brokerage businesses in both Canada and the US. Sprott is
based in Toronto with offices in New
York, Carlsbad and Vancouver, and its common
shares are listed on the Toronto Stock Exchange under the
symbol (TSX: SII). For more information, please visit
www.sprott.com.
About Emergent Technology Holdings LP:
Based in
Santa Clara, California, Emergent
Technology Holdings LP owns and operates Emergent
Payments®, the Responsible Gold™ platform
and G-Coin™. The company operates in more than 60
high-growth markets across Asia-Pacific, Latin
America, the Middle East
and Africa. The company will
launch G-Coin and the Responsible Gold supply chain in Q3 2018. The
blockchain technology and smart contract platform traces
responsibly sourced gold from mine, to refinery, to vault, and then
digitizes that gold into secure G-Coin tokens for trade around the
world.
Emergent Technology Holdings LP Media Contact:
Lauren Dickson
+ 1 310 871 2172 / lauren.dickson@emergenttech.com
Sprott Inc. Media Contact: Dan
Gagnier
Gagnier Communications
+ 1 646 569 5897 / sprott@gagnierfc.com
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SOURCE Emergent Technology Holdings LP