Tokenization of a Platinum Deposit
A zero-risk, high-yield architecture model for monetizing a significant platinum deposit through tokenization while maintaining absolute asset security and control.
Executive Summary
Strategic Objective
  • Build a scalable token issuance system
  • Maintain full ownership control of physical reserve
  • Generate annual revenues in tens of millions USD
  • Comply with regulatory requirements (FINMA, SEC, MAS, MiCA, VARA)
  • Enable institutional exposure without active metal management
Implementation Timeline
Fully operational within 12-14 months from contract signing:
  • Months 0-2: Architecture design, specification, licensing plan
  • Months 3-7: Technology development, testing, proof-of-reserve
  • Months 4-10: Regulatory licensing and approvals
  • Months 11-14: Initial token issuance, exchange listings
"Zero Risk" Architecture
The system is based on a four-tier structure that ensures complete separation between asset ownership and operational activities:
Tier A: Foundation
Liechtenstein-based foundation as platinum owner with no operational activity
Tier B: Family Offices
Three regional family offices handling investor operations across key markets
Tier C: SPV
Licensed token issuer based in Liechtenstein/Switzerland
Tier D: Strategic Operator
Technology executor and integrator (our team)
Two Possible Tokenization Models
1. Stablecoin (PTstb) - Recommended
  • Fully backed by the reserve (1 PTstb = 1 USD)
  • Non-redeemable design maintains control
  • Issued and traded by licensed SPV
  • Expected revenue: up to USD 245 million annually at 5 billion tokens issued
2. RWA Token (PTx-nRWA)
  • Based on "reserve presence narrative," without formal backing
  • Useful as a speculative or reference instrument
  • Operational profit: approx. USD 17-20 million annually
  • Optional one-time cash-out from issuance
Security and Control
Exclusive Reserve Control
The platinum remains exclusively under the Foundation's control as an untouchable reserve
No Asset Claims
The SPV and token do not grant any claim to the reserve
Technology-Only Role
The Operator does not interact with the asset – responsible solely for technology and protocol compliance
Estimated Implementation Cost (5-Year Horizon)
The stablecoin model offers a slightly lower implementation cost while providing significantly higher revenue potential compared to the RWA token approach.
Role of Our Team (Technology Developer)
Infrastructure Development
Design, implementation, and maintenance of the technological infrastructure including smart contracts, oracles, proof-of-reserve systems, and security protocols
Separation of Concerns
No involvement in the economic or ownership layer of the project, maintaining clear separation between technology and asset control
Strategic Collaboration
Close cooperation with the legal and strategic team appointed by the family owning the asset to ensure alignment of objectives
Organizational Structure: Tier A
Foundation in Liechtenstein as Asset Owner and Central Fiduciary Entity
This is the "Tier 0" – the gravitational center of the entire project.
Foundation Structure
  • Established in Liechtenstein as formal and exclusive owner of the physical platinum deposit
  • No operational or commercial activity - solely stores, protects, and supervises the asset
  • Not a token issuer and does not apply for licenses
  • Serves as central asset holder, delegating operational responsibilities
  • Sole beneficiary remains the asset-owning family
Legal Considerations
  • May adopt the form of a zweckgebundene Stiftung (purpose-bound foundation)
  • Fully aligned with institutional models and tax-neutral
  • Platinum stored in Switzerland (e.g., ZKB, Loomis, METALOR)
  • Legal ownership and custody agreements remain with the Liechtenstein-based Foundation
Organizational Structure: Tier B
Family Offices as Operational Arms of the Foundation
Dubai (UAE)
Responsible for Asia, the Middle East, and commercial procurement
Switzerland/Liechtenstein
Responsible for European Union, regulatory compliance, documentation, and licensing
New York/Delaware/Wyoming (USA)
Responsible for North American market operations
Each Family Office acts on behalf of the Foundation but remains a separate legal entity, managing local investor access and potentially holding supporting local licenses.
Organizational Structure: Tier C
Token Issuer (SPV)
The SPV (Special Purpose Vehicle) is a legal entity created solely to issue tokens, in accordance with applicable regulations in Switzerland or Liechtenstein.
Key Functions
  • Token issuer with legal and technical infrastructure
  • Signs whitepaper and Token Purchase Agreement (TPA)
  • Handles compliance (KYC/AML)
  • Supervises proof-of-reserve mechanism and oracle integration
Financial Role
  • Receives financial liquidity from token sales
  • Temporarily holds funds raised from the market
  • No access rights to the deposit - platinum reserve remains solely under Foundation's control
Regional Operations
  • Collaborates with regional Family Offices
  • May have auxiliary accounts or payment agents within Family Office structure
  • Family Offices may hold supporting local licenses
Organizational Structure: Tier D
Strategic Operator (Structurer, Executor, Project Manager)
The Strategic Operator is an external, independent execution unit acting as the integrator, structurer, and coordinator of the entire project.
Technology Department
  • Implementation of smart contracts
  • Oracle and proof-of-reserve integration
  • Maintenance and updates of token infrastructure
  • Security monitoring (code audits, DevSecOps, cold wallet protocols)
Strategic-Financial Department
  • Token economic policy (tokenomics, allocation, scenario modeling)
  • Relations with exchanges, funds, and family offices
  • Preparation of whitepaper, pitch deck, and investor kits
  • Coordination with legal advisors (regulatory alignment)
  • Consultations with licensing advisors
The team should also include institutional brokers with exchange expertise, strategic legal advisors, compliance specialists, and liquidity protocol advisors.
Governance Structure: Who Manages What?
Revenue Models from the Reserve
Without Loss of Ownership or Control (via Tokenization)
Multiple tokenization approaches can generate revenue while maintaining complete control over the physical platinum reserve.
Token Types and Revenue Functions
PTx Token
Asset-backed, non-redeemable token representing a unit of value backed by the reserve. Generates profit through markup on token sale or trading fees (1-3%).
PTx+ Token
Yield-bearing token representing a share in revenue generated from financial utilization. Provides recurring income streams and distribution of financial operation profits.
PTstb Token
Stablecoin fully backed by reserve (1 PTstb = 1 USD). Generates profit through spread, transaction fees, staking/yield reserves, and working capital from issuance.
PTx-Fi Token
Financial instrument indexed to platinum price, similar to a synthetic ETF. Generates profit through listing fees, spread, and derivatives products.
Post-Issuance Use of Tokens
Financial Operations
1
Token as Collateral
PTx used as collateral for loans (stablecoin or fiat). Generates profit through lending fees and collateral pool management with zero ownership loss.
2
Token as Liquidity Pair
PTx/USDC pairs on DEXs or institutional systems (Sygnum, Archax). Generates profit through transaction commissions and partnerships with DeFi/CeFi platforms.
3
Tokens in Fund Structures
PTx used as entry unit to closed-end investment funds or launchpads. Generates profit through access fees, internal valuation, and closed partnerships.
4
Demand Management
Incentives for holding tokens (staking with APY) and buybacks at a discount reinvesting profit from market operations.
Strategic/Indirect Value
Not Immediately Monetized
Token as Reserve Proof
Token used as "asset-backed proof" for third-party products. Generates profit through increased value of related projects and cross-subsidization.
Licensing Token Issuance Rights
Selling or leasing rights to issue tokens "powered by platinum reserve". Generates profit through licensing fees and recurring income while maintaining 100% reserve control.
Securing the Model
Retaining Full Control Over the Reserve
No Physical Collateralization
Do not use the physical platinum as collateral in any operation. The only operational layer should be a tokenized representation (e.g., PTx), which can be functionally restricted (e.g., non-redeemable).
Separation of Management
Separate token management from reserve management. The physical reserve remains untouchable and under the Foundation's custody. Revenue must come exclusively from operations on liquidity raised through token issuance – not from the reserve itself.
Contractual Limitations
PTx+ gives rights to revenue participation, but revenues must not derive from the reserve asset; only from market activities carried out by the SPV. This must be clearly stated in the TPA (Token Purchase Agreement).
Overcollateralized Lending
Use only overcollateralized lending protocols, e.g., loans at 1:2 ratio (deposits in stablecoins, secured by BTC/ETH/real estate) with automated liquidation mechanisms and margin calls.
Stablecoin (PTstb)
First Proposed Model
The stablecoin model offers the highest revenue potential while maintaining complete control over the physical platinum reserve.
Stablecoin: Technological Architecture
Issuance and Circulation
Issuance Structure
  • Physical reserve remains untouched under Foundation ownership
  • Reserve digitally represented by non-public, non-transferable token (PTx)
  • PTstb issued at 1:1 nominal value (1 PTstb = 1 USD)
Reserve Linkage
  • PTstb issuance occurs only with confirmed adequate platinum coverage
  • Acceptable collateralization models: 1:1 or 2:1 conservative model
  • Tokens issued via smart contract operated by licensed SPV
Technology & Security
  • On-chain smart contract controls issuance and burning
  • Proof-of-reserve integrated with oracles (Chainlink, RedStone)
  • Public dashboard for transparency in issuance and reserve status
Stablecoin: Circulation and Use Cases
Trading Platforms
Traded on CEX/DEX platforms (e.g., Sygnum, Archax, Uniswap v4, Curve)
DeFi Integration
Used in DeFi protocols as a stable asset in liquidity pairs
Cash Reserves
Utilized by family offices as a digital cash reserve
B2B Systems
Integrated into B2B systems, treasuries, DAOs, and procurement platforms
Stablecoin: Profit Model
For Beneficiaries and Investors
For the Beneficiary (Family/Foundation)
  • Stablecoin issuance: Market infusion of liquidity (e.g., 1B PTstb = 1B USD at issuer's disposal)
  • Market circulation: Transaction fees (0.1-0.3%) per transfer
  • Staking systems: Rewards for token holders
  • Settlement fees: For using PTstb in clearing operations
  • Liquidity pools: Yield from swap fees (e.g., PTstb/USDC)
Full Control Preservation: No redemption rights exist even for large volume holders
For the Investor (Institutions, Funds, Family Offices)
  • Access to a new stablecoin physically backed by platinum
  • Option to hold PTstb as a digital reserve, less exposed to USD dependency
  • Use in financial structures, portfolios, DAOs, or infrastructure funds
  • Participation in staking programs and discount benefits
  • Engagement in premium market for derivatives and index funds
Why PTstb Stablecoin Is a WIN/WIN Model
Projected Annual Revenue for Stablecoin
Based on realistic benchmarks from USDT and USDC models, with 5 billion USD in circulation:
Total Annual Revenue: $245,000,000 USD
Stablecoin: Cost Breakdown
Full-Scale, Global, Regulated Version (5-Year Horizon)
1
Technological Development
Specification, programming, testing, and auditing of multi-standard token
Subtotal: $850,000 USD
2
Infrastructure
Cloud hosting, cold wallets, oracles, monitoring for 5 years
Subtotal: $500,000 USD
3
Maintenance Team
6-member team including senior developers, DevOps, security, and legal-tech liaison for 5 years
Subtotal: $4,800,000 USD
4
Regulatory Costs
Licensing in 5 jurisdictions (FINMA, MiCA, SEC, MAS, VARA)
Subtotal: $2,210,000 USD
Additional costs: Exchange listings ($3,000,000) and Marketing/PR ($1,100,000)
Total Cost (5-Year Horizon): $12,460,000 USD
Stablecoin Roadmap: Phase 1-2
1
Phase 1: Concept and Design (Months 0-2)
Objective: Build product architecture and internal documentation
  • Strategic workshops: token scope, networks, reserve model
  • Decision on standards (ERC-20, ERC-1400, SPL, BEP-20, etc.)
  • Design of mint/burn mechanisms
  • Preparation of technical and economic specifications
  • Define licensing and jurisdictional requirements
Costs: Technical specification ($150,000), Drafting for legal teams ($50,000)
2
Phase 2: Tech Development and Testing (Months 3-7)
Objective: Deploy smart contracts and testing environment
  • Contract coding (mint, burn, access controls, limits)
  • Integration with oracles (e.g., Chainlink)
  • Functional testing and simulations
  • Internal & external audits
  • Proof-of-reserve dashboard
  • CI/CD, key management, cold wallets
Costs: Development ($350,000), QA & Testing ($150,000), External Audit ($200,000), 5-Year Infrastructure ($500,000)
Stablecoin Roadmap: Phase 3-4
1
Phase 3: Licensing and Regulatory Compliance (Months 4-10)
Objective: Obtain operational license to issue stablecoin
  • License applications (FINMA, MAS, VARA, MiCA, SEC if USA)
  • Audit of core documentation (whitepaper, TPA, prospectus)
  • Registration of SPV as the issuing entity
  • Verification of reserve structure
  • Global AML/KYC implementation
Costs: Licensing & regulatory processes ($1,200,000), Legal-tech liaison ($960,000)
2
Phase 4: Soft Launch & Listings (Months 11-14)
Objective: First stablecoin issuance, contract activation, strategic listings
  • Limited stablecoin issuance (e.g., 100M PTstb for test deployment)
  • Pilot trading with institutional partners
  • Integration with trading platforms & launchpads
  • Negotiations & onboarding with key exchanges
  • KYC/AML implementation for end-users
Costs: Listings ($3,000,000), Support & integrations (included in listing & team costs)
Stablecoin Roadmap: Phase 5-7
1
Phase 5: Communications & Market Adoption (Months 13-20)
Objective: Build market awareness, onboard partners, scale distribution
  • Global media campaigns (Bloomberg, CoinDesk, The Block, FT)
  • Institutional partnerships (banks, fintechs, B2B funds)
  • Educational assets: whitepaper, podcasts, webinars, AMAs
  • Economic & political PR in licensed regions
Costs: Marketing ($1,100,000)
2
Phase 6-7: Operational Maturity & Maintenance (Years 2-5)
Objective: Grow transaction volume, enter new markets, ensure availability
  • Gradual supply expansion (e.g., 500M → 5B PTstb)
  • B2B system integration (ERP, payment rails)
  • Expansion to other networks
  • Support for DeFi use cases
  • Ongoing security audits and regulatory compliance
Costs: Covered by 5-Year Infrastructure & Team Budget ($4.8M USD)
RWA Token (PTx-nRWA)
Second Proposed Model
A technological and profit architecture based on regulated narrative without formal collateralization.
RWA Token: Model Characteristics
Token Definition
The PTx-nRWA token (narrative-RWA) is a digital instrument that:
  • Does not confer redemption rights
  • Is not contractually collateralized by the underlying asset
  • Is classified as a Real-World Asset (RWA) by regulators
Regulatory Classification
Qualifies as an RWA because:
  • There is an audited reserve
  • There is a licensed issuer
  • There is a proof-of-reserve infrastructure
  • The structure meets reporting and transparency standards
It is a referential token, not a guaranteed asset.
RWA Token: Technology Layer
Issuer
  • SPV in jurisdiction accepting RWA tokens (Liechtenstein, Switzerland)
  • Licensed to issue digital instruments or tokenized assets
Smart Contracts
  • ERC-20 token with hard supply cap (e.g., 1 billion units)
  • No redemption or swap function with physical asset
  • Integrated oracles displaying proof-of-existence of reserve
  • Multisig controls, freeze/blacklist functions, audit integrations
Presentation Platform
  • Public dashboard showing reserve visibility
  • Regulatory status updates
  • Transparent access to addresses and supply curves
RWA Token: Circulation and Use Cases
Regulated Platforms
Listed on regulated platforms as a referential asset (e.g., SDX, Archax, INX)
Institutional Systems
Utilized in institutional systems as an RWA-class asset (e.g., in index funds, ETFs, HNWI portfolios)
Access Layer
Applied as an access layer (token-gated) for trusted products or services (e.g., launchpads, funding platforms, closed liquidity pools)
RWA Token: Profit Model
For the Reserve Owner/Issuer
  1. Primary issuance income: Sale of token on primary market
  1. Secondary market fees: Transaction fees (0.1-0.3%), listing fees, platform integration
  1. Utility revenue: Selling services available only to token holders
  1. Model licensing: Sublicensing token architecture to partners
For Investors and Token Holders
  1. Access to infrastructure: Eligibility for launchpad participation, closed-end funds, primary infrastructure project markets
  1. Speculative appreciation: If the project grows, token value may increase
  1. Soft store-of-value: Within an ecosystem that believes in the token's "proof-of-existence" reference
RWA Token: Limitations and Risks
No Claim Rights
No protection in the event of market collapse
Narrative Dependency
The entire system depends on the credibility and continuity of the narrative; if proof-of-reserve disappears, so does perceived value
Regulatory Risk
Token may lose RWA status if regulators determine the narrative crosses the line of "reasonable representation"
Legal Exposure
Investors may perceive the token as a quasi-security, increasing legal exposure to class-action lawsuits if value drops
Profitability of the RWA Token
Non-Redeemable Model (Assuming 5 billion USD worth of tokens in circulation)
Total Operational Annual Revenue: USD 17,250,000
Potential Issuance-Based Revenue: Up to USD 250,000,000 (one-time)
The RWA token model generates approximately USD 17-20 million in annual operational income without touching the reserve asset, with potential for additional one-time revenue from issuance.
Model Comparison: Stablecoin vs. RWA Token
Stablecoin (PTstb)
  • Higher annual revenue potential (up to $245M vs $17-20M)
  • Greater utility as a payment instrument and in DeFi
  • More stable value proposition (1:1 parity to USD)
  • Higher institutional scalability and acceptance
  • Lower legal and regulatory risks with proper structure
  • Slightly lower implementation cost ($12.46M vs $13.45M)
RWA Token (PTx-nRWA)
  • Potential for one-time cash-out from issuance (up to $250M)
  • Higher speculative potential for investors
  • Simpler narrative-based model
  • Useful for specific access-gated ecosystems
  • Higher volatility and market risk
  • More vulnerable to trust erosion and regulatory changes
The stablecoin model offers a more sustainable, higher-revenue approach with better institutional alignment, making it the recommended option for long-term value creation while maintaining full reserve control.