Gold mining rights have now been tokenized and recorded on the blockchain Santomining VegachiHoldings gold
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A prime example of how the technology can be applied to the precious metals space is demonstrated in the recent announcement from Santo Mining Corp. The company has entered into a non-fungible token software development agreement with Vegachi Holdings SAS to develop a series of NFTs linked to the fractionalization of land with gold mining rights.
"We are delighted to work on this project and be able to bridge LawTech & FinTech with digital assets, and ensure that the traditional legal world can be linked and embedded with the blockchain and digital asset technology,” said Hassan Mustafa lead Attorney at Law at Mustafa & Associates and Legal Representative of Vegachi Holdings SAS.
Vegachi Holdings has 345.94 acres of land located in Vegachí, Antioquia, Colombia, with gold mining rights issued by the Government of Antioquia. Lidar drone scans and topsoil geological tests have shown that the site registered 18 grams of gold per metric tonne.
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