G.I.F.T. Technology at the Service of Your Physical Gold Assets
August 29 2024 - 3:00AM
Business Wire
The G.I.F.T. (Gold International Fast Transfer) project is a
cryptographic telecommunication technology concept that connects
physical assets in gold and other precious metals to a digital
transfer system via a digital portal.
This concept was invented by Fayçal Lalioui, a renowned
businessman and CEO of GOLD INTERNATIONAL FAST TRANSFER LLP, based
in LONDON, United Kingdom, at the beginning of 2024. Fayçal has
been active in the gold sector for several years through
partnerships in Luxembourg and the Middle East.
The G.I.F.T. platform is currently under development in
collaboration with Cybastion, a company specialized in
cybersecurity and digital transformation, based in Washington, USA,
with whom a memorandum of understanding has been established.
Cybastion is responsible for the system's feasibility,
architecture, and cybersecurity.
What is the G.I.F.T. System?
The system aims to digitize precious metals, allowing secure
storage while limiting transport flows. It offers digital access
and enables trading based on market prices. It also facilitates the
sale of gold and its transfer worldwide. The Gold International
Fast Transfer (G.I.F.T.) system represents a significant
advancement in the field of international asset transfers. By
combining security, speed, and stability, G.I.F.T. offers an
innovative and reliable solution for the management and transfer of
precious metals. This technology is poised to transform how assets
are managed and transferred globally while ensuring strong legal
protection against any form of counterfeiting or theft.
Who Will Have Access?
The G.I.F.T. system will be accessible to everyone. There will
be two modes of connection. The first is a "Client" access intended
for individuals or businesses wishing to convert their assets into
gold.
The second mode of connection is a "Professional" access
intended for financial institutions, banks or other professionals
operating in the precious metals sector. This represents a
significant advance for international precious metal transfers
without blockages. Furthermore, it will also provide gold-backed
guarantees to financial institutions and their clients.
When Will This System Be Commercialized?
The partnership between GOLD INTERNATIONAL FAST TRANSFER LLP and
CYBASTION began at the end of July, following Fayçal Lalioui's trip
to Washington, D.C., to define the terms of the agreement. We
estimate that the official launch of the G.I.F.T. system will take
place at the beginning of 2025.
Partner Websites: https://cy-invest.lu Capital Yatirim
Invest sarl - Securitization (SPV) Company in Luxembourg
https://www.cybastiontech.com/ Cybastion : Digital and
cybersecurity company in USA
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version on businesswire.com: https://www.businesswire.com/news/home/20240829744777/en/
Fayçal Lalioui Email: contact@gift.technology Company Website:
https://gift.technology