Security
At Noble BC, metal trading meets digital control of fund usage
At Noble BC, metal trading meets digital control of fund usage
Noble BC was specifically founded to collaborate with Finomet GmbH. Their blockchain platform offers you a unique security concept for your metal investment. The timing for this cooperation could not be better, as the added security is particularly welcome in volatile times.
Your advantages through the blockchain
With Finomet’s blockchain solution, Noble BC is a pioneer in the market for technology metals and rare earths – providing you as a customer with an effective control instrument for your investment.
Proof of storage for your raw materials
As the saying goes, paper is patient and easily copied. With digital proof of storage, Noble BC offers additional protection against fraud. You can see for yourself when your metals arrive at the warehouse – accurate to the gram. Furthermore, the proof of storage is your evidence that the technology metals and rare earths you purchased are actually present. Finomet acts as the digital controller of fund usage.
No double spending
“Double spending” refers to when a single piece of merchandise is sold to multiple consumers at once. Unfortunately, this has often occurred in precious metal trading in the past. When customers wanted to sell their metal, they might find it was no longer available. Noble BC prevents double spending through the blockchain solution from Finomet GmbH. This ensures you receive exactly what you ordered. Your metals belong to you, and only you.
Live reconciliation of ordered goods with inventory
At Noble BC, your order quantity and the raw materials already in storage are like two scales that eventually balance out. The highlight: you can follow live how the storage quantity aligns with your order target. This ensures you always maintain control and can react at any time if an order does not arrive at the warehouse on time – although this is usually only due to supply bottlenecks.
The plus for security and transparency
The only thing you as a customer need to do to enjoy these benefits: look for the Finomet plus sign! This is the only way to ensure transparency and security for all your investments.
The blockchain warehouse is the safe of the future
“It is rarely a good idea to store precious metals under the bed; it is never a good idea to store critical raw materials under the bed.” Andreas Kroll, raw materials specialist
What do gold, technology metals, and rare earths have in common? They are tangible assets, and hardly anyone would keep them in large quantities at home. This raises the question of proper storage – and, by extension, the search for a reputable provider.
For the storage of your precious metals and rare earths, Noble BC relies on bonded warehouses audited by Finomet. For you as a customer, this means transparency and security. Finomet mirrors your entire raw material holdings on the blockchain. This works similarly to a land registry: as an investor, you receive a “token” for every gram of raw materials stored in your “wallet,” a type of digital purse. Such a token can only ever belong to one customer. This excludes the multiple distribution of metals held in the warehouse as well as short selling.
Since it is a bonded warehouse, neither customs duties nor VAT apply as long as your raw materials remain in storage. Duties are only payable upon withdrawal, allowing you to save costs. Furthermore, capital gains are tax-free after one year.
Meter-thick walls and cameras
Numerous security precautions exist at the interface between people and the stored goods. The Freeport Berlin-Brandenburg is a true fortress. Windowless, with meter-thick concrete walls, it is located in a non-disclosed location. On the way to the two storage rooms, visitors are filmed at every turn. The metals and rare earths are kept behind double-door airlocks. Before passing through these, you must hand over your smartphone, as filming and photography in the warehouse are prohibited. Naturally, the warehouse has theft insurance, and all employees are insured against breach of trust. The security of your goods is thus ensured.
As a customer, you can recognize certified blockchain warehouses by the Finomet plus sign. This allows you to verify that a warehouse provider utilizes these new security standards.
