Gold Frontiers Partners with Computershare for Worldwide Escrow Services
08 July 2015 - 1:10AM
Business Wire
Financial software and services firm Gold Frontiers announces
its engagement of Computershare, one of the largest transfer agents
in the world, to provide escrow services for institutional
investors who seek to own, store, transfer, and redeem physical
precious metals in major financial centers around the globe
Gold Frontiers Inc., a global software and financial services
company, is pleased to announce its engagement of Computershare
Trust Company, N.A. This news coincides with the full release of
Gold Frontiers’ Bullion Gateway™, a technology platform enabling
institutional investors to safely purchase, store, deliver, and
redeem physical gold, silver, platinum, and palladium in a liquid
ecosystem with low cost, simplicity, and maximum transparency.
This technology modernizes the process by which institutional
investors and ultra-high net worth family offices take positions in
highest-quality precious metals for storage worldwide in vaulting
facilities of their choice. These financial transactions are
enhanced by means of Computershare’s capabilities to perform vital
escrow functions, inclusive of know-your-client verification and
international currency exchange services.
Utilizing standardized financial escrow services from
Computershare, Gold Frontiers’ process enables investors to own
allocated and segregated bullion as an asset on their balance sheet
rather than as a liability on someone else’s. Gold Frontiers is
fulfilling its global mission to reduce and when possible eliminate
a wide range of investment risks by means of Bullion Gateway.
“Our relationship with Computershare is a crucial step in
providing an accessible and transparent solution for institutional
investors who seek the portfolio diversification properties
benefits that a long term investment in precious metals can
provide,” said Justin Van Til, CEO of Gold Frontiers. “We
believe our process allows investors to reduce and potentially
eliminate a range of risks that currently accompany investments in
physical precious metals, including portfolio, derivative,
currency, systemic and counterparty risks.” At the recent IPMI
Conference, the first gold Kilobar that has a unique instrument
level CUSIP, the common language identifier for financial
instruments, was introduced.
The physical precious metals industry has not kept pace with
innovations in the rest of the financial world. Bullion Gateway
technology delivers streamlined and secure communications between
institutional buyers and sellers in every purchase and sale of
these assets. Using its path-breaking dual escrow process on both
the financial and physical metal sides of each transaction, Gold
Frontiers neither controls nor takes possession of client funds or
precious metals holdings at any point. The platform employs
proprietary messaging standards (analogous to what SWIFT achieves
in cash management) to connect with our strategic partners to
reduce major risks and increase efficiency.
For further information contact +1 207.838.2263. For greater
depth concerning Gold Frontiers, please see our website.
About Gold Frontiers:
Gold Frontiers (www.goldfrontiers.com) facilitates ownership of
physical precious metals worldwide. Its proprietary Bullion Gateway
technology enables investors to hold and redeem gold, silver, and
other metals in a secure ecosystem with low cost, simplicity and
liquidity. Gold Frontiers is fulfilling its mission to reduce and
whenever possible eliminate a wide range of investment risks, and
enable gold to function more effectively as a store of value and
medium of exchange.
About Computershare Limited (CPU)
Computershare Trust Company, N.A. is a national banking
association organized under the laws of the United States of
America and an affiliate of Computershare Limited. Computershare
(ASX: CPU) is a global market leader in transfer agency and share
registration, employee equity plans, proxy solicitation and
stakeholder communications. Computershare specializes in corporate
trust, mortgage, bankruptcy, class action and utility
administration, and a range of other diversified financial and
governance services. Founded in 1978, Computershare is renowned for
its expertise in high integrity data management, high volume
transaction processing and reconciliations, payments and
stakeholder engagement. Many of the world’s leading organizations
use Computershare to streamline and maximize the value of
relationships with their investors, employees, creditors and
customers. Computershare is represented in all major financial
markets and has over 15,000 employees worldwide. For more
information, visit www.computershare.com.
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Gold Frontiers Inc.Justin Van Til, +1 207-838-2263