🌐 Metaplex partners with Crucible to tokenize gold production on Solana $SOL
📌 On November 10, 2026, the Metaplex Foundation announced that it had signed a memorandum of understanding (MOU) with Crucible Limited to tokenize gold production on the Solana network. Unlike conventional tokenized gold products, which are backed by static gold bars in storage, this model directly links tokens to actual production from a partner mine.
📌 Under the operating model, a fund managed by Crucible will make advance payments to the partner mine. Holders of MPL-3643 standard tokens will be entitled to receive tokenized gold distributions corresponding to the amount of metal mined. The project draws on the technical expertise of KCA, a mining partner with experience dating back to 1972 and more than 70 processing plants across over 30 countries.
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🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 On November 10, 2026, the Metaplex Foundation announced that it had signed a memorandum of understanding (MOU) with Crucible Limited to tokenize gold production on the Solana network. Unlike conventional tokenized gold products, which are backed by static gold bars in storage, this model directly links tokens to actual production from a partner mine.
📌 Under the operating model, a fund managed by Crucible will make advance payments to the partner mine. Holders of MPL-3643 standard tokens will be entitled to receive tokenized gold distributions corresponding to the amount of metal mined. The project draws on the technical expertise of KCA, a mining partner with experience dating back to 1972 and more than 70 processing plants across over 30 countries.
💬 What do you think of this development? Join the discussion!
#Web3 #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).