Orbiko Solutions Silver Token (OSST)
Orbiko is introducing the Orbiko Solutions Silver Token (OSST), a stablecoin backed by physical silver. OSST 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 silver at a ratio of 50 grams of silver per 1 token.
While the price of the stablecoin may exceed the market price of 50 grams of silver during periods of high demand, the rate for 50 grams of silver 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 silver.
Peace of Mind
The silver 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 Silver
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Holders of OSST are able to request physical delivery of the equivalent weight in pure silver. This physical silver will be delivered to the client at their own cost and is only redeemable in multiples of 1,00 grams (equivalent to 20 OSST stablecoins).
Each OSST stablecoin is convertible/redeemable for South African Rands (ZAR)
1 OSST stablecoin is supported by fifty (50) Grams of physical silver with 99.9% purity.
Backed by Physical Silver
Affordability & Trustworthiness
Silver has always been a valuable asset and is considered a versatile investment. We have made it easy for any individual to access the silver market by purchasing OSST stablecoins. These stablecoins will always be aligned to ten (10) grams of pure silver. This keeps the stablecoin price stable and affordable for all people.
The stablecoins are 100% backed by physical LBMA-certified silver stored in a high-security international vault. The weight and purity of every silver bar held in storage are regularly and independently audited.
The silver is safeguarded for investors. In the unlikely event of Orbiko ceasing to trade, the silver is stored with independent third-party vaulting professionals and is secured against creditors.
Our ability to source and store silver 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 silver represented by OSST is regularly verified by independent audits against the physical holdings in secure storage.
You can easily track and verify the OSGT token on the Stellar network. Click the link below to view OSGT on Stellar's network explorer. This tool provides detailed information about the OSGT asset, including transaction history, distribution, and current market status. View OSST on Stellar's network explorer
OSPT details on the Stellar blockchain
Logo
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Asset Code OSST |
Home domain orbiko.co.uk |
Issuer address GAFNII…EY5ZGT |
Comparison table of OSST to other Silver Assets.
| Feature | OSST | Physical silver – professionally stored |
Physical silver – self storage |
ETF silver | Unallocated silver |
| Redeemable as physical silver |
Yes | Yes | Yes | No | No |
| Proof of ownership | Stablecoin held in personal Stellar wallet |
Statement of ownership |
Holder of the silver | Statement of value | Statement of ownership |
| Physical silver backing |
Yes, fully backed by silver |
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 | Silver needs to be sold |
Immediate | Immediate |