Orbiko Solutions Platinum Token (OSPT)
Orbiko is introducing the Orbiko Solutions Platinum Token (OSPT), a stablecoin backed by physical Platinum. OSPT provides stablecoin holders with risk diversification and a hedge against market volatility, while also avoiding costly conversions between fiat and crypto.
The price of the stablecoin will always be pegged to the price of platinum at a ratio of 1 gram of platinum per 1 token.
While the price of the stablecoin may exceed the market price of 1 grams of platinum during periods of high demand, the rate for 1 gram of platinum will always be the minimum price at which you can buy or sell the stablecoin.
This is guaranteed by programmatic logic, based on smart contracts on the public-facing open ledger.
No Fees
Orbiko charges no ongoing fees or storage fees.
Convenience
Convenient and cost-effective way to invest in platinum.
Peace of Mind
The platinum is fully insured and securely stored.
Regulated
We comply with all South African regulatory requirements.
Instant Transactions powered by an ISO 20022 Certified Blockchain
We comply with all South African regulatory requirements
Fully Redeemable for Physical Platinum
Holders of OSPT are able to request physical delivery of the equivalent weight in pure platinum. This physical platinum will be delivered to the client at their own cost and is only redeemable in multiples of 100 grams (equivalent to 100 OSPT stablecoins).
Each OSPT stablecoin is convertible/redeemable for South African Rands (ZAR).
1 OSPT stablecoin is supported by One (1) Gram of physical platinum with 99.99% purity.
Backed by Physical Platinum
Affordability & Trustworthiness
Platinum has always been a valuable asset and is considered a versatile investment. We have made it easy for any individual to access the platinum market by purchasing OSPT stablecoins. These stablecoins will always be aligned to one (1) gram of pure platinum. This keeps the stablecoin price stable and affordable for all people.
The stablecoins are 100% backed by physical LBMA-certified platinum stored in a high-security international vault. The weight and purity of every platinum bar held in storage are regularly and independently audited.
The platinum is safeguarded for investors. In the unlikely event of Orbiko ceasing to trade, the platinum is stored with independent third-party vaulting professionals and is secured against creditors.
Our ability to source and store platinum and thereby mint stablecoins is a key function of our process leveraging blockchain technology.
Minted on an ISO 20022 Certified Blockchain
Real-Time Verifiable Auditability
We have developed Orbiko’s application on Stellar’s lightning-fast blockchain network. Confirmation times are rapid, and transactions are settled in under 5 seconds. Older technology meant that transactions could take days to complete – now it is mere seconds.
The amount of platinum represented by OSPT is regularly verified by independent audits against the physical holdings in secure storage.
You can easily track and verify the OSPT token on the Stellar network. Click the link below to view OSPT on Stellar's network explorer. This tool provides detailed information about the OSPT asset, including transaction history, distribution, and current market status. View OSST on Stellar's network explorer
OSPT details on the Stellar blockchain
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Asset Code OSPT |
Home domain orbiko.co.uk |
Issuer address GB6F7H…RTECBL |
Comparison table of OSPT to other Platinum Assets
| Feature | OSPT | Physical platinum – professionally stored |
Physical platinum – self storage |
ETF platinum | Unallocated platinum |
| Redeemable as physical platinum |
Yes | Yes | Yes | No | No |
| Proof of ownership | Stablecoin held in personal Stellar wallet |
Statement of ownership |
Holder of the platinum |
Statement of value |
Statement of ownership |
| Physical platinum backing |
Yes, fully backed by platinum |
Yes | Yes | Yes, owned by the fund |
Yes, owned by the bank or institution |
| Annual storage and management fees |
No | 0.35% to 1% of value |
Insurance and own storage fees |
Quarterly fees | Quarterly fees |
| Convertible to fiat or crypto currencies |
Yes | Yes | Yes | Yes | Yes |
| Redemption time | Immediate | 2-3 days | Platinum needs to be sold |
Immediate | Immediate |