Evolve Investment Group received The Global Economics’ award for the “Most Innovative Gold-Backed Investment Products” category.
The award recognizes Evolve Investment Group’s efforts in collaborating with the financial services sector and regulatory authorities to design frameworks that would enable the provision of alternative and innovative gold-backed investment and financing products.
Gold-backed investment products hold investment grade and internationally certified gold as their primary underlying asset. They offer clients the opportunity to invest directly in gold and gain exposure without the need to hold the physical commodity. Gold-backed investment products include gold-backed funds and loans, among various other innovative financial products.
“Through its subsidiaries, Evolve has been focusing on building the required infrastructure for a well-structured, robust, enabling, and globally integrated gold and precious metals ecosystem in Egypt. Our subsidiaries form the ecosystem’s key pillars and business activities, ranging from the procurement of gold from internationally certified refineries, market making, and gold trading to the design of gold-backed investment products. We are also establishing subsidiaries mandated with providing logistics and assaying services. Our efforts are always characterized by a holistic, high-tech, and customer-centric approach based on trust, compliance, and transparency,” Sameh El Torgoman, Founder and CEO of Evolve Investment Group, said.
Evolve Investment Group currently offers clients gold-backed investment opportunities through fractional gold accumulation, through its flagship digital precious metal platform, MNGM. In addition, Evolve Investment, in partnership with Azimut Egypt Asset Management, is in the final stages of establishing a gold-backed fund, where the fund’s prospectus is currently being reviewed by the Financial Regulatory Authority.
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