Delisting Announcement for NBX and Bittrex

Cryptocurrency markets, as well as financial markets in general, have faced significant turmoil recently, including the collapse of FTX and other key market participants. However, we believe that these challenges present a unique opportunity for growth and innovation within the industry.

Tokenization of physical assets has the potential to revolutionize the way we think about asset ownership and trading. The total size of tokenized illiquid assets, including real estate and natural resources, could reach $16.1 trillion by 2030, according to the Boston Consulting Group (BCG). This growth is driven by the increased liquidity, transparency, and security offered by tokenization, as well as the ability to reach a wider range of potential investors. The growth potential for tokenization of physical assets is immense.

To capitalize on this market opportunity, we are excited to announce that we will be transitioning our business model to focus upon providing technologies that transparently track and tokenize many different types of physical assets in addition to gold, such as silver, watches, wine, and art. Our focus will shift to offering services that can be seamlessly integrated into third-party applications, primarily targeting B2B.

As part of this strategy, we will be delisting CACHE Gold (CGT) from Bittrex and NBX effective March 15, 2023. Token holders that wish to exit their positions will have ample time to do so over the coming weeks. Rest assured that each CGT will still always be backed by 1 gram of pure physical gold, and CGT tokens will always be redeemable on demand as well as transferrable the same as any other ERC-20 token. GramChain and Chainlink will continue to provide transparency for the gold backing CGT as well as new assets backing new tokens in the near future.

For any questions related to this announcement, please feel free to contact us at support@cache.gold.