(“Gold Tokens”), redeemable to physical metal. It is intended that the Gold Tokens will be the first tokens available for trading in 2019. Following the listing of the Gold Tokens, Vaultex will undertake the tokenization of spot silver, spot platinum and spot palladium backed security tokens. It is Vaultex’s intention to then tokenize futures contracts for precious metals tokenized on the Vaultex Exchange and to issue and index to a basket of precious metal tokens that can be traded and hedged against. Upon receipt of the relevant licenses from the Monetary Authority of Singapore (“MAS”), Vaultex intends to operate as a platform for companies to list and subsequently trade a range of tokenized securities through STOs. Through the Vaultex Exchange, Vaultex provides issuers with access to a wider capital base and greater liquidity. Vaultex will also tokenize new and alternative financial instruments that contain features not found in the present market, allowing them to be listed and offered to Vaultex market participants. By innovating securities and alternative assets through blockchain technology, Vaultex will bridge the gap between off-chain and on-chain markets.