The SAR Gold Stable Token is an innovative product born from the "SAR Precious Metals Exchange" to solve the challenge of physical movement in gold trading. During its initial issuance and circulation phases, the C.C.M Foundation and SBBM Fund deposit the equivalent of 500 billion euros in bullion gold with Swiss UBS as backing for the issuance of the "SAR Gold Token." It circulates on a 1:1 basis with physical gold quantities, using the real-time gold price from the Shanghai Precious Metals Exchange in China as a constant price anchor.
The SAR Precious Metals Exchange operates as a legal gold exchange in Africa, the worlds largest gold reserve, with its registration in the Republic of Uganda. Similar to most "fiat currencies," the "SAR Gold Stable Token" falls within the scope of issuance and circulation based on the "gold standard." It is minted and issued by the SAR Digital Asset Exchange, which has licenses for digital asset issuance and trading, on the C.C.M blockchain platform. It is a stable, legal gold token (i.e., a digital gold warrant) under the jurisdiction of the SAR Precious Metals Exchange.
The primary purpose of issuing the SAR Gold Stable Token is to serve as a stable-value tool for global trade settlement, commodity trading, digital asset trading, financial transactions without the physical movement of gold, and wealth preservation.