Trovio Joins SBMA Following Their Launch Into Singapore

Trovio Joins SBMA Following Their Launch Into Singapore

Singapore has already cemented its reputation as a stable financial centre and has taken steps to position itself as a bullion hub, exempting investment-grade gold, silver, and platinum from a goods and services tax. Furthermore, 80% of the world’s top 100 tech firms have a regional headquarter in the country, according to the Economic Development Board (EDB) of Singapore. A notable few include industry giants Google , Alibaba , Grab , SEA , and PayPal . In establishing their regional office in Singapore, Trovio became the first fintech company to be welcomed into the Singapore Bullion Market Association (SBMA), as the gold industry looks to leverage the new methods and technologies offered by digitisation. Trovio continues to retain and work towards its vision of improving the efficiency and transparency of the global commodities market. The adoption of Trovio’s technologies has enabled its partners to access new markets, develop new distribution channels such as blockchain, and offer investment products that meet the ESG needs of the modern investor. Trovio has also announced that they are to launch the world’s first carbon-neutral gold ETF on the Australian Stock Exchange (ASX). “The global precious metals industry is making huge strides in working to