Make Gold Productive with STRATO
Summary
STRATO announces its mission to solve 'mattress gold' by making gold productive and accessible through tokenization and tradable digital assets. The announcement outlines barriers to global market access and explains how STRATO aims to boost financial inclusion and simplify investing for users worldwide.
There's a huge tragedy when it comes to gold. You probably know what it is:
Most of the world's gold is sitting in a mattress, figuratively, and sometimes literally.
So, the world's most trusted asset is often also the least productive one. That's a huge problem and what STRATO founders ＠vic4wong and ＠kjameslubin set out to solve:
"Your gold — most of the gold in the world is mattress gold, and it does not really provide any financial inclusion unless you've got an account with a small number of players, and probably a lot of gold in a standardized format. But it's the default savings asset for sort of half the planet.
Similarly, if you're not an American, you can certainly get U.S. stocks, but sometimes it's difficult — there can be taxation, like if you own a good Canadian stock as an American, there's a fifteen percent transfer tax on dividends, that sort of thing. And even Europeans sometimes have a hard time — their brokerages are opinionated. The story I've heard is people trying to get into NVIDIA a few years ago, and their European brokers being like, 'yeah, it's a little too risky, that tech stuff — maybe you want some bonds or something.'"
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