Securities, Commodities, and Derivatives Exchange (SECDEX) is a market infrastructure ecosystem located in Seychelles. The SECDEX Group business includes an exchange offering traditional and digital assets, a central counterparty clearing house (CCP), and a central securities depository with a registry authorised and regulated by the Seychelles Financial Services Authority (FSA). SECDEX also operates a digital custodian regulated under the sandbox of the Seychelles FSA to custody digital assets.
The multi-asset hybrid exchange (‘’SECDEX Exchange’’) combines the benefits of a digital exchange with those of a traditional exchange. SECDEX Exchange focuses on securities, debt, spot commodities, and derivatives contracts in traditional and digital tokenized form.
The AEEX Gold Coin is Africa’s first blockchain-based digital gold Coin. Together with its physical version, AEEX Gold Coin debuts officially on the 18th of December 2020. Everyone wishing to purchase Africa’s first digital gold coin can sign up to https://www.aeexgoldcoin.co.za and will only accomplish the purchase with AEEX Gold Coin Custodian Certificate technical listing on SECDEX Exchange https://www.secdex.net.
AEEX South Africa Ltd will offer 739,200 digital token certificates to be created on SECDEX Exchange https://www.secdex.net using the blockchain technology. Each token certificate is denominated in 5 grams of fine gold and investors will have a chance to get AEEX Gold Coin with 6 additional AEEX Gold Coin Certificates. When purchasing the digital gold coin, buyers get 6 AEEX Gold Coin Custodial Certificates and one manufactured AEEX Gold Coin. The token certificates will be available for purchase on SECDEX Exchange https://www.secdex.net and storage on https://www.ozl.li/.
3.1 AEEX gold coin – a physical version of AEEX GOLD COIN (in the denomination of 5 gram of fine gold);
3.2 AEEX GOLD COIN – a set of six digital tokens as certificates issued by AEEX South Africa Ltd and a gold coin received in exchange for R13,000.
3.3 SECDEX public blockchain network – a public blockchain-based network where transactions are executed using public and private keys;
3.4 buyer – a natural person who is a registered AEEX e-shop user and has an e-shop account, purchases AEEX GOLD COIN from the AEEX e-shop and/or executes transactions listed in Section IV of Chapter III of these Regulations;
3.5 private key – a unique random secret code of 64 letters, numbers and/or symbols in hexadecimal, used to encrypt data and identify the buyer as well as confirm digital token transactions and notifications within the blockchain; only the holder of the private key can perform all of the allowed transactions and manage digital tokens in their possession;
3.6 digital token – a digital cryptographic token issued by AEEX South Africa Ltd facilitated by SECDEX Exchange Ltd, with several repeated AEEX Gold Coin Custodial certificates based on which the digital token can be assigned to a specific retail and or institutional investor;
3.7 digital token wallet – AEEX’s digital token keychain that allows buyers to manage private and public keys and cryptographic account addresses as well as to view the turnover of digital tokens and other functions provided for by AEEX and that is intended for storing and handling digital tokens owned on a proprietary basis by the buyer but entrusted to AEEX;
3.8 digital token wallet address – a cryptographic account used for identifying the buyer within the SECDEX’s blockchain infrastructure that consists of a pair of public and private keys and a public key-based identifier of 40 letters, numbers and/or symbols;
3.9 public key – a unique public random code of 64 letters, numbers and/or symbols in hexadecimal linked with the private key through the elliptic-curve cryptography algorithm Ed25519 and the 512-bit SHA3 hash function that is used for encrypting data and allows the buyer to identify digital token transactions and notifications within the blockchain; the public key can be used for identifying the buyer, digital tokens in their possession and all actions performed.
5.1 set the selling price of AEEX Gold COIN and the start date of its sale;
5.2 approve the decision to sell AEEX gold coins listed in paragraph 89 of these Regulations at an e-token gold custodial certificate SECDEX Exchange Limited; the list of AEEX gold coins; and the number and initial selling price of AEEX gold coins sold per one e-token gold custodial certificate.
AEEX GOLD COIN AND DISTRIBUTION
6.1 739,000 digital tokens each of which depicts an AEEX Gold Coin Custodial Certificate with a special right for an equivalent of AEEX Gold Coin (hereinafter – the certificates); and
6.2 For every one gold custodial certificate purchased on SECDEX Exchange the company will issue 6 additional to retail investors and institutional investors;
9.1 100% of total issue shall be intended for sale via the AEEX e-shop platform with clearance done by with SECDEX Exchange Limited and SECDEX Depository Limited;
9.2 50% of total proceeds portion shall be for the payment to AEEX Shareholders for the contract sales and additional 50% will be used for the manufacture of 739,200 AEEX Gold Coins;
AEEX GOLD COINS SECDEX REGULATED E-SHOP
12.1 legally capable natural persons, i.e. adults whose legal capacity has not been restricted by court procedure;
12.2 minors aged 14 to 18, only with consent of their parents or guardians, except where they dispose of their income independently.
START OF SALE AND AMOUNT OF AEEX GOLD COIN
REGISTRATION AND LOGIN
20.1 enter their name and surname, date of birth and email address;
20.2 confirm their email address;
20.3 confirm that they have familiarized themselves with these Regulations, which will be included in the AEEX SECDEX regulated e-shop registration form;
20.4 save their public and private keys;
20.5 create their username;
20.6 Confirm that any information provided is true.
21.1 identify the buyer by checking whether their personal data match the personal data in the buyer’s personal documents;
21.2 check whether:
21.2.1 the buyer is not subject to any international financial sanctions imposed by international organizations in accordance with the procedure laid down in the Republic of South Africa and Seychelles Law on the Implementation of Economic and Other International Sanctions;
21.2.2 The buyer is not on the specifically Designated Nationals List (hereinafter—the SDN list) administered by the US OFAC;
26.1 to print out public and private key data and a copy of the private key PIN code;
26.2 to save public and private key data and a copy of the private key PIN code in a digital form.
on the following working day of SECDEX Exchange Limited where the notification is received on a non-working day and/or not during business hours. Having lost the private key, the buyer can generate new keys on their e-shop account. Having lost the private key saved in the browser, the buyer can save their private key again by creating a new PIN code in their browser. SECDEX Exchange Limited shall not be held responsible for any damage caused to the buyer where any third parties log in to the e-shop using the buyer’s login data and perform any transactions if the buyer fails to notify SECDEX Exchange Limited or if the damage is incurred by the buyer before the deadline for blocking the buyer’s digital token wallet as referred to herein.
PROCEDURE AND DEADLINES FOR PURCHASING AND PAYING FOR AEEX GOLD COIN
34.1 via online banking by logging in to their accounts with financial institutions in their respective countries;
34.2 by making a card payment;
34.3 via a mobile payment platform.
TRANSACTIONS WITH DIGITAL AND EXCHANGE FOR AEEX GOLD COINS
40.1 keep digital tokens in their digital token wallet;
40.2 transfer digital tokens from their digital token wallet on the e-shop to their own or another person’s SECDEX wallet);
AEEX Gold Coin Website Information Page 15
40.3 transfer digital tokens from their SECDEX wallet to their own or another buyer’s digital token wallet;
40.4 swap digital tokens in their digital token wallet with other buyers;
40.5 swap digital tokens in their digital token wallet with other buyers;
40.6 Exchange digital tokens in their digital token wallet for AEEX gold coin.
47.1 Selected digital tokens with each purchase belonging to a different category listed in paragraph 8 of these Regulations shall be exchanged for AEEX Gold Coins within the first 24 months following the day of issuing the AEEX Gold coins into circulation inclusive;
47.2 any additional digital tokens purchase of any category listed in paragraph 8 of these Regulations shall be exchanged for the number of AEEX Gold coins detailed in paragraph 8 within the period between the 25th and the 30th month following the day of issuing the AEEX Gold Coins into circulation inclusive;
47.3 no digital tokens shall be exchanged for AEEX Gold coins after 30 months following the day of issuing the AEEX Gold coins into circulation inclusive.
47.4 Digital tokens held by the buyer who exchanged digital tokens for AEEX Gold coin shall be transferred from their digital token wallet to AEEX’s digital token wallet and disposed of.
47.5 AEEX shall check and be held responsible for:
47.5.1 the loss of digital tokens received by the buyer where they are lost through no fault or negligence of the buyer and where the buyer have kept them in their digital token wallet and performed no other transactions listed in paragraph 40 of these Regulations;
47.5.2 the authenticity of digital tokens transferred from the SECDEX wallet to the buyer’s or another buyer’s digital token wallet on the e-shop;
47.5.3 the authenticity of digital tokens kept in the buyer’s digital token wallet on the e-shop and offered for swapping with another buyer;
47.5.4 the authenticity of digital tokens kept in the buyer’s digital token wallet on the e-shop and offered to be sent as a gift;
47.5.5 The authenticity of digital tokens kept in the buyer’s digital token wallet on the e-shop and offered in exchange for AEEX Gold coin.
48.1 transfer to their own SECDEX wallet and/or another person’s SECDEX wallet;
48.2 transfer to their own digital token wallet and/or to another buyer’s digital token wallet on the e-shop;
48.3 swapping with another buyer and/or indicating that other buyer with whom the digital tokens are being swapped;
48.4 sending as a gift to another buyer and/or indicating that other buyer to whom digital tokens are sent as a gift;
48.5 Exchange for AEEX Gold coin.
48.6 AEEX shall not be held liable for any damage or losses incurred as a result of false information provided by the buyer as indicated in paragraph 48 of these Regulations.
AEEX GOLD COIN DELIVERY
51.1 the buyer shall undertake to accept the collector coins personally at the indicated delivery address, producing a valid ID document with a photograph and a signature and quoting the order number, or through an authorised representative, giving the authorised representative’s phone number and email address. When accepting collector coins on behalf of another person, an authorised representative must produce a valid ID document with a photograph and a signature, quote the order number and furnish a power of attorney that may be drawn up electronically and registered in the Register of Power of Attorney or notarised;
51.2 AEEX Gold coins exchanged for digital tokens shall be sent to the buyer within 10 working days following the day of transferring the digital tokens to be exchanged for AEEX Gold coin to AEEX;
51.3 the AEEX Gold coin shall be delivered together with a VAT invoice (at the same time serving as a bill of lading).
51.4 Delivery of AEEX Gold coins shall be subject to the terms and conditions set by the postal service provider. Any fees and charges payable for services of AEEX GOLD coin delivery to the buyer, including AEEX Gold coin delivery insurance, shall be covered by AEEX Custodian.
51.5 Should the postal service provider fail to find the addressee (after at least two attempts, subject to supporting documents), AEEX Gold coins shall be returned to AEEX. AEEX shall notify the buyer by email, as indicated, that the AEEX Gold coin has not been delivered at the indicated delivery address and request that the buyer update the delivery address within 10 working days.
51.6 The email sent to the buyer in the case referred to in paragraph 51.5 of these Regulations shall be deemed a notification to the buyer that they may update the delivery address within 10 working days, including cases where the buyer gives an email address at which AEEX cannot reach them to provide certain information.
51.7 Where within 10 working days of receipt of the notification as provided for in paragraph 51.5 of these Regulations the buyer:
51.8 fails to update the delivery address, AEEX shall impose a fine of 20% of the amount paid by the buyer for AEEX GOLD COIN, calculated on the basis of the AEEX GOLD COIN selling price, as well as deduct any additional costs incurred by AEEX, if any, and transfer the remaining part of the AEEX GOLD COIN selling price to the buyer’s account from which AEEX received payment for AEEX GOLD COIN. The provisions of this subparagraph shall not apply to buyers who received digital tokens as a gift or from another person’s SECDEX wallet;
51.9 updates the delivery address, the AEEX Gold coins shall be delivered at the updated delivery address through a postal service provider. AEEX shall hand in the AEEX Gold coins to the buyer at the updated delivery address only after the buyer covers any additional costs incurred by AEEX, if any;
51.10 Updates the delivery address but the postal service provider fails to find the addressee (after at least two attempts, subject to supporting documents) at the updated delivery address, the AEEX Gold coins shall be returned to AEEX Custodian. In that case the AEEX shall impose a fine of 20% of the amount paid by the buyer for AEEX GOLD COIN, calculated on the basis of the AEEX GOLD COIN selling price, as well as any additional costs incurred by AEEX, if any, and transfer the remaining part of the AEEX GOLD COIN selling price to the buyer’s account from which AEEX received payment for AEEX GOLD COIN. The provisions of this subparagraph shall not apply to buyers who received digital tokens as a gift or from another person’s SECDEX wallet.
RETURN AND QUALITY OF DIGITAL TOKENS AND AEEX GOLD COINS
from the AEEX GOLD COIN purchase-sale agreement. The buyer may return digital tokens to AEEX using their e-shop account and confirming the return with their private key or PIN code.
54.1 any digital tokens to be returned must be received only from the SECDEX regulated e-shop after purchasing AEEX GOLD COIN;
54.2 any digital tokens to be returned may be returned only from the buyer’s digital token wallet on the SECDEX regulated e-shop;
54.3 The right provided for in paragraph 53 of these Regulations may only be exercised by the buyer who is deemed a consumer, i.e. a natural person seeking to conclude contracts for purposes other than those relating to their business, trade, craft or profession (for consumption purposes).
54.4 AEEX may refuse to accept digital tokens returned by the buyer where the buyer fails to meet the conditions for returning digital tokens set out in paragraph 54 of these Regulations.
54.5 The buyer who has returned digital tokens in the case described in paragraph 53 of these Regulations shall be reimbursed the amount for which they purchased AEEX Gold COIN to the account from which AEEX received payment for AEEX GOLD COIN. Any costs incurred by the buyer when returning digital tokens to AEEX and relating to the buyer’s transactions with digital tokens shall be borne by the buyer.
56.1 Within 5 working days counting from the working day following the day when the buyer respectively fails to update the delivery address for the collector coin or when the collector coins are returned to AEEX after the addressee is not found;
56.2 within 5 working days counting from the working day following the day when AEEX respectively becomes aware of a late payment confirmation or the loss of the collector coin through no fault of the buyer;
56.3 within 14 calendar days counting from the day of receipt of the notification of withdrawal from the AEEX GOLD COIN purchase sale agreement with AEEX but no earlier than the buyer returns the digital tokens.
PROCESSING OF PERSONAL DATA
60.1 name and surname, date of birth, email address and username provided by the buyer when registering at the e-shop;
60.2 delivery address for the AEEX Gold coin and phone number provided by the buyer with a view to receiving the AEEX Gold coin;
60.3 the buyer’s facial image and a valid original ID document with a photograph, date of birth and a signature (a passport or a personal ID card) submitted by direct video streaming/image transmission when authenticating the buyer in the biometric facial recognition system and information on whether the buyer is subject to any restrictions set out in subparagraph 21.2 of these Regulations when carrying out checks provided for in paragraph 21 of these Regulations;
60.4 public and private keys and information on AEEX GOLD COIN purchases, receipt of digital tokens, any exchange thereof with other buyers and sending them as a gift as well as other transactions with digital tokens when carrying out transactions described in Section IV of Chapter III of these Regulations.
60.5 Should the buyer fail to provide personal data listed in subparagraphs 60.1 and 60.2 of these Regulations, AEEX shall not register the buyer at the e-shop and/or deliver the AEEX Gold coin to the buyer respectively. AEEX shall not register the buyer at the e-shop should it be established that the personal data of the buyer provided during registration do not match the buyer’s personal data in the buyer’s ID documents or the buyer is subject to the restrictions set out in subparagraph 21.2 of these Regulations.
61.1 to protect public interest and create a level playing field for buyers to use AEEX services for purchasing AEEX Gold Coins and to present in an interactive manner possibilities for using and practically applying new technologies pertaining to AEEX Gold coins issued by AEEX;
61.2 to establish and verify the buyer’s identity for the purposes of anti-money laundering and counter-terrorist financing and application of international sanctions;
61.3 to conclude and abide by AEEX GOLD COIN purchase-sale agreements where the party thereto is the data subject or to take action requested by the data subject prior to entering into such agreements;
61.4 to ensure that accounting documents are stored for a statutory period of time as well as their authenticity and content integrity in terms of accounting documents supporting an economic operation or an economic event;
61.5 to ensure the quality of services provided and to store information on any action taken to implement the contracts concluded with a view to ascertaining AEEX’s legitimate interests to provide services that meet the buyers’ needs and to have evidence and effective remedies in case of judicial disputes or claims.
66.1 any digital tokens remaining at the e-shop that have not been purchased;
66.2 any remaining digital tokens that have not been used for economic sector purposes or other needs of AEEX;
66.3 any remaining digital tokens that have not been exchanged for collector coins and are kept in the buyer’s digital token wallet on the e-shop.
67.1 any remaining AEEX Gold coins that have not been exchanged for digital tokens;
67.2 any remaining AEEX Gold coins that have not been used for economic sector purposes or other needs of AEEX.
What is AEEX Gold Coin?
AEEX GOLD COIN is Africa’s first blockchain-based digital gold coin. AEEX GOLD COIN consists of purchase of digital tokens and a physical gold coin issued by AEEX South Africa Ltd. Buyers will be able to get the physical gold coin in exchange for a digital token. In total, AEEX will issue 739,200 blockchain-based digital tokens and 739,200 physical gold coins. Each digital token features AEEX Gold Coin Custodial Certificate and has special rights to AEEX Gold Coin categories (with 739,000 digital tokens allotted to first category). When purchasing AEEX GOLD COIN, investors will get a number of digital tokens and, having collected number digital tokens from different categories, can exchange them into a physical gold coin, bearing denomination – 5 gram of fine gold –as the face value of AEEX Gold Coin.
Where Can I purchase AEEX Gold Coin?
AEEX GOLD COIN will be available for purchase from SECDEX Exchange http://www.secdex.net a hybrid securities exchange in Seychelles, on the regulated AEEX SECDEX e-shop https://www.aeexgoldcoin.co.za. Physical gold coins will not be put up for sale separately and can only be acquired by exchanging a digital token from 739,200 first categories.
Investors can also store their digital tokens in a dedicated wallet on the e-shop; send them as a gift, swap with other Investors or transfer to a SECDEX wallet.
How can I purchase AEEX Gold COIN?
First, you have to register at the e-shop (aeexgoldcoin.co.za) and verify your identity. Registration will start on a date to be announced by SECDEX Exchange in January 2021. You will be able to purchase AEEXGOLD COIN from the date to be announced in January 2021 by SECDEX Exchange, 09:00 (Seychelles Time). More information is available in the AEEX Gold Coin User Guide.
Who can purchase AEEX Gold Coin?
AEEX Gold COIN can be purchased by legally capable natural persons, i.e. adults (persons of legal age) whose legal capacity has not been restricted by court procedure, as well as minors aged 14–18 (only with consent of their parents or guardians, except in cases where they dispose of their income independently).
How many AEE GOLD COINS can I Purchase at a Time?
One person will only be able to purchase one AEEX GOLD COIN (consisting of a number of digital tokens that may be exchanged for a physical gold coin) per session. One person will be able to purchase one AEEX GOLD COIN only once from the first to the sixth day of AEEX GOLD COIN sale via the SECDEX regulated e-shop, i.e. from the date and time to be announced in January 2021 by SECDEX Exchange https://www.secdex.net. Later, the number of purchases for one person will not be limited.
How much does AEEX GOLD COIN cost?
The price of one AEEX GOLD COIN is R13,000.
How will digital tokens be selected?
Having purchased AEEX GOLD COIN, investors will get determined additional digital tokens. Each digital token will represent AEEX Gold Coin Custodial Certificate.
How can I exchange my digital tokens into a physical gold coin?
A physical gold coin can be redeemed within 30 months from the date of its issue into circulation:
– six digital tokens in different categories as detailed in paragraph 8 in regulation sale of AEEX Gold Coin will be exchanged into determined gold coins within the first 24 months; – six digital tokens of any category will be exchanged into determined gold coins as detailed in paragraph 8 in regulations sale of AEEX Gold Coin from the 25th to the 30th month; – after 30 months, the e-shop (aeexgoldcoin.co.za) will be closed and open for another new series and all remaining digital tokens will be disposed.
How will I be able to get the physical gold coin?
Physical gold coins will be delivered free of charge to your specified address through a courier service provider chosen by AEEX. If your order is returned to AEEX because the Courier service provider was unable to deliver it due to the fact that you provided an incorrect address or other reasons, you will be responsible for covering additional delivery costs.
How do I collect digital tokens from different categories?
In order to collect a set of six digital tokens from six different categories, you can swap them with other collectors via the Share and Exchange section at the SECDEX regulated e-shop. There you can specify which digital tokens you wish to acquire and which of them you offer in exchange. When you receive an offer to swap digital tokens, you will only have to confirm it. You can receive digital tokens as a gift or give them to other registered users.
Digital tokens can also be transferred to a SECDEX wallet and managed accordingly.
What should I do in case I have not collected the entire set of different tokens?
Investors will be able to exchange digital tokens of any category into physical gold coins from the 25th to the 30th month following the issuance of the physical gold coins into circulation.
What will happen with digital tokens in 30 months?
In 30 months after the start of sale of AEEX GOLD COIN, AEEX’s SECDEX regulated e-shop (aeexgoldcoin.co.za) will be closed in readiness to open for a new series and all remaining digital tokens will be disposed of. Therefore, by that time, investors have to exchange their digital tokens into physical gold coins, send them as a gift or transfer to the SECDEX public AEEX Gold Coin Website Information Page 31
network, where they can be stored for an unlimited time. No exchanges into physical gold coins will be possible thereafter.
Can I return the digital tokens or physical gold coins that I have received upon purchasing AEEX Gold Coin?
You can return your digital tokens to AEEX by withdrawing from the AEEX GOLD COIN purchase sale agreement within 14 calendar days from the date of receipt of digital tokens into your digital token wallet on the SECDEX regulated e-shop and notifying AEEX thereof by email at firstname.lastname@example.org, indicating the AEEX GOLD COIN order number and submitting the invoice. More information on the return of digital tokens is provided in Chapter V of the Regulations on the Sale of AEEX Digital gold Coins AEEX GOLD COIN. AEEX accepts physical gold coins at their face value.
What is a private key and what is it used for?
A private key is a unique secret code of random 64 letters, numbers and/or symbols used to encrypt data and identify the buyer as well as confirm digital token transactions and notifications within the blockchain. Only the holder of the private key can perform all of the allowed transactions and manage digital tokens in their possession.
The private key may only be used by the buyer and must not be transferred to other persons. It must be stored in a secure place that cannot be accessed by others without the buyer’s consent.
What is a public key and what is it used for?
A public key is a unique public code of random 64 letters, numbers and/or symbols linked with the private key and used for encrypting data. It allows the buyer to identify digital token transactions and notifications within the blockchain. The public key is also used for identifying the buyer, digital tokens in their possession and all actions performed.
The public key may only be used by the buyer and must not be transferred to other persons. It must be stored in a secure place that cannot be accessed by others without the buyer’s consent.
Who bears the charges for transactions with digital tokens?
When transferring digital tokens from the digital token wallet on the e-shop to the digital token wallet on the SECDEX public blockchain network (SECDEX wallet), all applicable charges will be covered by AEEX.
When transferring digital tokens from the SECDEX wallet to the digital token wallet on the SECDEX regulated e-shop, all applicable charges will be covered by the buyer.
Can I Use my digital tokens at points of sale? What is their nominal value?
Digital tokens are not legal tender, have no nominal value and can only be exchanged into a physical gold coin. They can also be swapped with other investors, sent as a gift, stored in a dedicated wallet on AEEX’s SECDEX regulated e-shop (aeexgoldcoin.co.za) or transferred to a SECDEX wallet.
Is it safe to keep my digital tokens at AEEX SECDEX regulated e-shop?
Yes, it is safe to store digital tokens at the AEEX SECDEX regulated e-shop. AEEX is responsible for any loss of digital tokens, if they were lost not through the fault or negligence of the buyer, provided that the buyer stored them in a dedicated wallet on the e-shop and did not carry out any other transactions using them.
Is it safe to transfer digital tokens to the SECDEX public blockchain network?
Investors can transfer their digital tokens to the SECDEX public blockchain network at their own risk. The buyer is responsible for selecting the digital tokens to be transferred to their own and/or another person’s SECDEX wallet and providing the correct SECDEX wallet address. AEEX is not liable for any damages or losses incurred by the buyer that result from providing incorrect information when carrying out transactions with digital tokens.
How is my personal data protected?
All personal data at AEEX is processed in a lawful, fair and transparent manner. It is collected for specified, explicit and legitimate purposes and not further processed in a way that is incompatible with those purposes. When processing personal data, AEEX seeks to ensure its accuracy, security, confidentiality as well as appropriate storage and protection.
What is blockchain?
Blockchain is a series of interconnected virtual blocks that contain a cryptographic hash of the previous block, a timestamp and transaction data.
What is the SECDEX public blockchain network?
The SECDEX public blockchain network is a public, decentralized, business-oriented and blockchain-based platform for the development and accounting of decentralized applications and smart contracts. It allows users to swap or trade their digital tokens with each other on their own agreed terms.
AEEX South Africa Ltd is seeking to operate a hybrid securities exchange listing avenue in South Africa. The new proposed Exchange intends to create an optional listing category in partnership with SECDEX to provide a new alternative for African companies seeking to list their securities for trading on a registered national securities exchange.
Introducing AEEX GOLD COIN – Africa’s first blockchain-based digital gold coin.
On the date to be announced in January subject to regulatory approval in Seychelles and South Africa, 739,200 AEEX Gold Coin Custodial Certificates will be listed on SECDEX Limited in Seychelles with anticipated foreign exchange derived from the gold coin sales (R9.6 Billion), while R4.8 billion will be used in 2021 to manufacture 739,2000 AEEX Gold Coins. AEEX Gold Coin Custodial Certificates transactions would be made directly on SECDEX Exchange Limited between holders of AEEX Gold Coin Custodial Certificates and investors recorded in a blockchain.