Halal DeFi Platform MRHB Partners with Leading Australian Bullion to Offer Tokenized Gold & Silver

Melbourne, Australia, Sep 20th, 2022MRHB.Network, a halal decentralized finance ecosystem, partners with Gold & Silver Standard (GSS), part of the Ainslie Bullion Group, a leading Australian bullion dealer since 1974, and will be listing the GSS Gold Standard ($AUS) and Silver Standard ($AGS) 100% bullion backed tokens in MRHB’s Sahal wallet.

The partnership with Gold & Silver Standard will provide to MRHB’s ethical community a new halal offering — gold & silver tokens with $AUS and $AGS to $USDC/USDT pairings made available on TijarX, the upcoming commodities DEX integrated in MRHB’s Sahal Wallet, which will be launched in late September.

For Gold & Silver Standard, this means that their gold and silver bullion-backed tokens, the biggest selling in Australia, will now be made much more easily accessible to not only the Islamic Finance investment community but the wider global crypto and Web3 community.

Stablecoins are known to be secure investments against the generally volatile backdrop of the cryptocurrency markets. A research report by the Social Science Research Network found gold-backed stablecoins to be less volatile than Bitcoin. Indeed, data from Arcane Research shows that gold-backed tokens have seen massive growth in 2022 with a market cap that has surpassed USD 1 Billion.

The Gold and Silver Standard tokens will be made available in AUS-USDC/USDT and AGS-USDC/USDT pairings, allowing all MRHB users to safely make gold and silver investments using US dollar-backed stablecoins. Each AUS and AGS token owns exactly one gram of gold or silver bullion, present physically in Reserve Vault in Brisbane, audited quarterly by global assurance firm PKF, and insured by the world’s leading insurer.

In early September this year, the MRHB Team visited the HQ of Ainslie in Brisbane to personally ensure the tech and physical infrastructure of GSS.

Agreement Signing between MRHB CEO Naquib Mohammed and GSS Director Paul Engeman.

As part of the partnership, MRHB and GSS will be creating multiple Gold & Silver backed crypto offerings in a 3-year roadmap.

About MRHB.Network

MRHB.Network is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

About Gold & Silver Standard

Founded in 1974, Ainslie Bullion, parent company of Gold & Silver Standard, is one of Australia’s oldest and largest bullion dealers. In 2019, they launched their Gold Standard and Silver Standard cryptocurrency tokens, allowing investors to purchase gold and silver bullion-backed tokens 24/7 with the confidence of knowing their investments are safely locked up in a secure vault run by an established bullion expert in a geopolitically safe country.

MRHB.Network Official Channels

Website: https://mrhb.network

Twitter: https://twitter.com/marhabadefi

Telegram: https://t.me/mdf_official

Telegram Announcements: https://t.me/marhabadefi_ANN

YouTube: https://www.youtube.com/c/MarhabaDeFi

Medium: https://medium.com/@mrhbdefi

LinkedIn: https://www.linkedin.com/company/marhabadefi

Discord: https://discord.com/invite/DubSjKmkBX

Facebook: https://www.facebook.com/MRHBDeFi

Telegram (Arabic): https://t.me/mdf_arabic

Telegram (Russian): https://t.me/marhabadefi_russia

Telegram (Turkish): https://t.me/MarhabaDefiTR

Telegram (Persian): https://t.me/mrhbdefi_persian

Telegram (Urdu/Hindi): https://t.me/MRHBDeFi_Urdu_Hindi

SouqNFT Marketplace: https://souq.mrhb.network

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