Security Matters plc (NASDAQ: SMX), a global leader in molecular-marker technology and blockchain-backed digital product passports, today announced an agreement with Goldstrom, a globally integrated precious metals business, combining trading, logistics, and vaulting with bullion banking, wealth management, and insurance services.

Monetary Metals & Co. and Goldstrom Group today announced a partnership to bring Monetary Metals’ gold lease financing solutions to Goldstrom’s jewelry clients throughout the Gulf Cooperation Council (GCC) region.

Goldstrom advises and provides precious metals services to the largest jewelry groups in the GCC and estimates their gold lease opportunity at 40 tons of gold across 25 jewelers. That is approximately $5.2 billion of lease demand at today’s London PM fix price of $4,104.40 per ounce.