HANetf & The Royal Mint Sign Historic Agreement to Develop Gold ETC
- Gold ETC will become The Royal
Mint’s 1st listed financial product
- Product to launch
via HANetf’s unique White-Label Platform
- Physical gold to
be custodied at The Royal Mint’s highly secure vault
- The gold backed ETC will be available in the UK, Italy and
Germany from early 2020
London, 9th September, 2019 - HANetf, Europe’s first independent ‘white label’
UCITS ETF issuer is delighted to announce a historic collaboration with The
Royal Mint to develop and launch a physically-backed gold ETC.
The Royal Mint is set to become the first Sovereign
Mint in Europe to launch a gold backed ETC – leveraging its unique 1,100-year
reputation for trust and security to provide a compelling, new opportunity for
The gold backed ETC will become The Royal Mint’s first listed financial
product and is expected to list in the UK, Italy and Germany in early 2020.
All of the physical gold associated with the ETC
will be stored in The Royal Mint’s vault – one of the UK’s most secure sites,
and guarded 24/7. The ETC will
complement The Royal Mint’s existing range of precious metals products which
includes; gold, silver and platinum in the form of bars and coins, as well as
their ‘Signature’ products available online.
Anne Jessopp, CEO of The Royal Mint commented: “This
is a milestone moment for The Royal Mint as we prepare to launch our first
financially listed product, and reinvent what it means to be a Mint in the
recent years The Royal Mint has successfully launched a range of precious
metals products as we look to reinvent our business, and appeal to new
customers. This gold backed ETC marks an exciting new chapter for The Royal
Mint, and for the historic business of gold trading.
thousands of years, gold has been recognised worldwide as the ultimate means of
trading and storing wealth, ensuring a level of confidence, trust and security
with each transaction with The Royal Mint.”
Patel, Head of Wealth Management at The Royal Mint commented: “By
launching a gold backed ETC we are offering investors across Europe a
compelling new product for their portfolios – safe in the knowledge that
they’re working with one of the UK’s most trusted organisations, and that every
ounce of gold is securely held in our vault.”
co-Founder and co-CEO at HANetf, said:
“We are very excited to confirm our partnership with The Royal Mint. This is
a huge milestone for both organisations and is testimony to the vision and
innovative spirit of the Royal Mints’ leadership team, who recognised early on
the opportunities in ETCs. The
development of this ETC shows the power of the HANetf platform to allow an
unparalleled brand to enter the ETC space in a coherent and efficient fashion,
providing new solutions to investors.
are part of the DNA of HANetf – Hector [McNeil, co-Founder and co-CEO, HANetf]
and I were part of the team who invented gold ETFs and we are proud to be part
of the continued evolution and growth of this industry.”
announcement comes in the lead up to the five-year anniversary of The Royal
Mint’s precious metals division in October 2019.
About The Royal Mint
The Royal Mint has an
unbroken history of minting British coinage dating back over 1,100 years. Based
in the Tower of London for over 500 years, by 1812 The Royal Mint had moved out
of the Tower to premises on London’s Tower Hill. In 1967 the building of a new
Royal Mint began on its current site in South Wales, UK, to accommodate the
minting of UK decimal coinage.
Today, The Royal Mint is the world’s largest export
mint, supplying coins to the UK and overseas countries.
The Royal Mint has also diversified into a number
of other complementary businesses, building on the values that have been at the
heart of the organisation throughout its history - authenticity, security,
precious metals, craftsmanship and design. www.royalmint.com
Bullion and Precious Metals
Throughout history The Royal Mint’s name has been
synonymous with precious metals and bullion. The organisation trades physical
and digital precious metal worldwide via www.royalmintbullion.com and a global network of distributor partners.