Gate News message, April 23 — Singapore-based jeweler Mustafa Gold has partnered with asset management firm FundBridge Capital and tokenization platform Libeara to launch MG999, a yield-bearing digital token that tracks gold prices. The token provides investors with gold exposure while generating returns through an innovative lending structure.
FundBridge Capital raises capital by selling tokens, then lends the proceeds to Mustafa Gold in gold-denominated terms at 2.5% interest. Mustafa uses the borrowed gold to purchase physical bullion and manufacture jewelry. After deducting management fees, investors receive a 1% yield. Unlike traditional gold ETFs and futures contracts, MG999 provides direct positive returns to token holders.
The gold-denominated loan structure protects Mustafa’s profit margins by ensuring that when gold prices rise, both the repayment obligation and inventory value increase proportionally, and vice versa when prices fall. FundBridge has already raised $15 million and targets an initial fund size of $100 million.
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