Page 12 - Bullion World Volume 5 Issue 06 June 2025

Bullion World | Volume 5 | Issue 06 | June 2025

Success story – LBMA
digitalises to enhance greater

trust and transparency

Earlier this year, London Bullion Association (LBMA)
launched the Gold Bar Integrity (GBI) Database,
powered by aXedras in an effort to modernise data
collection and its management processes across the
precious metals value chain.

Today, almost 90 Good Delivery Refiners have
been onboarded onto the platform, centralising and
safeguarding key data points, such as Responsible
Sourcing deliverables and Country of Origin
information whilst enabling refiners and custodians to
seamlessly share this data with LBMA.

Bullion integrity ledger –
TM
promoting innovation

The Bullion Integrity Ledger™ is a network that To further foster innovation and scalability within the
leverages distributed ledger technology (DLT), to industry, aXedras released Bullion Integrity Ledger
connect participants across the value chain to verify Version 10, in June. Based on open architecture,
the integrity of precious metals. It enables secure, partners can easily build their own stand-alone
TM
peer-to-peer sharing and recording of data and applications on the Bullion Integrity Ledger tailored
documents between business partners. This industry to their specific requirements, customize features,
platform uses unified and industry-agreed standards, and connect with other programs, thanks to its use of
resulting in an immutable and auditable record of every standard, public interfaces and modular design.
transaction and product movement along the supply
chain. To note, each organisation is in control of its In practical terms, investors gain further assurance
data and can selectively share data with their business as they not only receive material from their trusted
partners. refining partner, but also a digital certificate indicating
the provenance of material or the existence of a
security feature. Organisations will be able to rapidly
TM
plug and play the Bullion Integrity Ledger with their
own internal systems, it will optimise scalability with
components provided by various partners and allow for
better connection among the many already onboarded
industry participants, as well as among tools.

To conclude, and as aXedras Chairman,
Frank R. Suess mentioned in a recent note, “aXedras
continues to build trust across the precious metals
industry, it is important to recognise that digitalisation is
more than just driving efficiencies. It is about enabling
innovation, creating new products, opportunities, and
making the industry not only more transparent but also
more appealing to international investors”.

For a demo, contact aXedras: info@axedras.com or
to subscribe to the newsletter, visit, www.axedras.com.

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