What were the reasons for you wanting to join LBMA and what do you see as the key benefits of membership?
Over the years, aXedras has partnered with LBMA and its Members on a variety of initiatives, including the LBMA Gold Bar Integrity (GBI) Database project.
Our ongoing mission to support the industry through driving innovation, building trust and fostering collaboration naturally led us to become an LBMA Affiliate Member.
As an LBMA Affiliate Member, we are more connected to the core of the industry where we can gain first-hand insights to best develop solutions and be better positioned to actively contribute to its future direction.
Tell us about your company’s role in the precious metals market?
We empower precious metals organisations to thrive by providing digital solutions that drive real business results.
By leveraging aXedras solutions, precious metals companies unlock cost efficiency and maximise ROI, while accelerating their operational efficiency, competitive edge and adaptability from a technology partner that understands the industry and its challenges.
We contribute to building greater trust both across the industry and for the end customer.
What’s the background and history of the company?
aXedras was founded in Switzerland in 2018 by precious metals leaders and technology experts following a public consultation to further strengthen the gold supply chain integrity.
As an independent software company, aXedras is home to some of the most skilled technology professionals, assisting precious metals companies across the supply chain on their digital transformation journey.
Today we are proud to be the trusted partner of 120+ clients worldwide and to represent the supply chain.
What factors do you expect to impact your business in the short to long term?
The industry’s momentum towards digitalisation is evident with the Gold Bar Integrity (GBI) initiative – and the GBI Database which went live in January. This work underscores a growing client demand for increased product transparency supported by secure and digitalised data exchange across the entire supply chain.
The rapid development of information technology presents new opportunities to connect our clients’ existing solutions with our digital platform ensuring interoperability as well as seamless and secure data exchange.
As we leverage the latest technology such as Distributed Ledger (DLT) in our products, we are proud to be developing an AI-driven solution that traces material based on the unique composition of a mine. This enhances traceability, supply chain integrity from the source, and supports the industry’s commitment towards the formalisation and legitimisation of Artisanal & Small-scale Gold Mining (ASGM).
As we look forward, we are committed to partnering closely with the industry to advance the digitalisation of gold ownership.
What are your future plans for the business?
aXedras is focused on tailoring solutions for refiners, producers, vaults and dealers, developing a series of solutions in close collaboration with industry participants to address their unique needs and challenges.
As a collective, through digital transformation, we aim to be a catalyst that can strengthen investor confidence and position gold as a trusted, transparent and future-proof investment for the long term.