Bullion GENESIS™

Provenance & Supply Chain Tracing

From mine to customer, tracing gold’s journey through the supply chain has never been as seamless and secure as it is today. The Royal Canadian Mint is the first Canadian refiner to implement a solution, Bullion GENESIS™, that offers the possibility to perform end-to-end tracing and certify the provenance and integrity of gold deposited and processed through our refinery.

Connecting the Industry

The software powering Bullion GENESIS™ is the Bullion Integrity Ledge™ by aXedras. Based on Distributed Ledger Technology (DLT), the platform is designed to connect the precious metals industry and offer meaningful benefits to participating stakeholders:

  • Enhanced traceability: Access to recorded transactions allows for enhanced traceability of material sources and transfers;
  • Improved data security: DLT’s immutable, encrypted and decentralized nature ensures data is exchanged at the highest level of security and integrity; and
  • Greater market confidence: The achieved transparency fosters even greater trust along the value chain.

How it Works

UPSTREAM

Mines, recyclers and other precious metals suppliers record relevant details about the origin of the supplied material and adherence to market standards directly in the platform, creating a provenance record.

AT THE MINT

When the material is received at the Mint, additional refining, production and fabrication data is added to the corresponding  provenance record. If a refined precious metal product is produced by us, then an Integrity Certificate containing descriptive details about the product and its provenance is created.

DOWNSTREAM

Investors, financial institutions, dealers and distributors of Mint bullion investment products, as well as fabricators, are able to securely access the digital integrity certificate of their product, which also identifies the product’s chain of custody.

Digital Twin

Both the provenance record and integrity certificate are digital representations of real-world products, such as a shipment of doré bars or refined bullion investment products.

Learn More

As a long-standing London Good Delivery refiner, we are proud to support industry-wide efforts to improve transparency and trust in the precious metals supply chain by adopting a DLT-based solution that can track and record the origin, transformation and custody of gold —the entire journey from mine to customer.

Customers currently seeking products (400-ounce, 100-ounce, 1-kilo or grain) made from segregated gold of a specified provenance can benefit from Bullion GENESIS™ as of today, with more products being introduced as we continue our transformative journey.

Download our information kit to learn more about how we are transforming our refining operations with Bullion GENESIS™, which is powered in part by aXedras.

To learn more about how you can connect your business to the platform, contact our Sales team.