Looking for a qualified lawyer or legal team to obtain a license for gold backed stablecoin.

Project posted 257d ago | 0 applicant(s)

🚀 Starts immediately
🤝 2 - 4 months
💶 €5,000 / project
Cyprus
🏢 Legal Consulting

Skills & tools

lawyer
CySEC
Stablecoins
Tokens
EU Regulations
MiCAR
Blockchain
Lincense

Languages

English
Greek

Project description

Project Description: Gold-Backed Stablecoin Development Objective: We are looking for a qualified lawyer or legal team to obtain a license for gold-backed stablecoin. This innovative financial instrument will merge the timeless intrinsic value of gold with modern blockchain technology to deliver a secure, transparent, and stable digital currency. The goal is to provide users with a reliable, low-volatility medium of exchange and a hedge against economic uncertainties. We will create a stablecoin token pegged to a basket of gold assets, including gold bars and other gold items. The stablecoin is directly linked to gold prices, reflecting real-time market values. We will implement a divisibility feature to six decimal places, enabling microtransactions. Blockchain Architecture: We will select a blockchain platform (e.g., Ethereum ) to deploy the stablecoin and develop smart contracts to automate token issuance, redemption, and value stabilization mechanisms. We Integrate blockchain features ensuring transparency, security, and immutability. Asset Management & Backing: We will establish a robust reserve system where each token represents ownership of physical gold securely vaulted in Switzerland with partner with independent auditing firms to conduct regular inspections, verifying reserves match issued tokens. Also, we will design mechanisms allowing users to redeem tokens for physical gold or cash equivalents. Stability & Trust: We will link the stablecoin to gold prices, providing an alternative to volatile cryptocurrencies like Bitcoin and we create mechanisms for effective reserve management to maintain stability during economic downturns or inflationary periods. User Experience: We will develop an intuitive web and mobile wallet for users to buy, hold, and redeem tokens seamlessly and prioritize security through rigorous testing of smart contracts and reserve systems. Auditing & Transparency: We will establish a system for publishing audit reports to provide investors with clear, transparent information about gold reserves and token issuance. Deliverables: As a proposed scope of work for the new stablecoin token in connection with your potential assistance in terms of obtaining a licence from CySEC as an ART issuer (the Licensing Project). The below is based on the information available to me and may be subject to change upon formalization of our engagement. The envisaged new stablecoin token will likely be classified in the category of asset-referenced tokens (ARTs). This is on the basis that our stablecoin Token is envisaged to be backed by a basket of assets that includes Gold Bars and gold items. In this respect, the issuance, offering to the public and seeking admission to trading of our token would be subject to a licensing requirement under the provisions of EU Regulation 2023/1114 on markets in crypto-assets (MiCAR). Ideal Candidate Profile: Proven legal experience in a blockchain development and stablecoin projects. Expertise in legal issues. Understanding of asset-backed token mechanisms and financial systems.

About the company

Gold-Backed Stablecoin Development from GASAU GOLD Ltd

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