Know Your Gateway
Start Date: 2014-07-28
GBI LLC 750 Third Ave Suite 702 New York, NY 10017
- Steven Feldman (CEO)
- Peter Custer (CTO)
- Marc C. Scher (COO)
- Alex Daley (Senior VP)
Tags: precious metals
GBI was launched in 2014 with the intent to issue physical bullion IOUs via the XRP blockchain. The website facilitates account management, including buying and selling physical and virtual assets. GBI uses Millennium Trust Company for actual asset custody.
According to the GBI website:
"Precious metal holdings are reconciled on a daily basis by our approved vaulting partners. Inventory reports containing bar lists are sent to GBI by our vaulting partners for all individual holdings and are reported to clients daily. In addition, an internationally recognized Big Four firm physically audits all of our client's precious metal holdings at least annually."
These audits have not been made available to the public via the GBI website and there is little/no discussion on independent forums as regarding the reputation of the gateway.
The issuing address was activated by:
As of 06/25/2018 10:00:00 (EST), GBI has issued the following obligations on the XRP network:
- 0158415500000000C1F76FF6ECB0BAC600000000: -9.49
- XAU: -5.456