ICON CEO J Bradley Hall to Showcase Innovative AU Backed Digital Currency AUREALS™ at October BRICS Event in Kazan
Dubai, UAE, June 4th, 2024, Chainwire
ICON CAPITAL RESERVE SA is thrilled to announce that J Bradley Hall, the Founder and CEO of ICON, will be unveiling AUREALS™, a groundbreaking digital currency solution at the upcoming BRICS event in Kazan. This revolutionary digital currency is poised to transform trans-border clearing and settlement processes, marking a significant shift away from reliance on SWIFT and the USD$.
The event, which will be attended by representatives from the BRICS alliance of 10 countries (expected to add 30 countries at the event), will serve as a platform for showcasing this cutting-edge distributed ledger based technology designed to facilitate seamless financial transactions across borders.
At the heart of this innovation lies AUREALS™ an AU backed digital currency, offering stability and security in an increasingly volatile global financial landscape. By harnessing the power of blockchain technology, the proven ICON private and public chains painstakingly developed over the last decade promise to revolutionize the way financial transactions are conducted within and beyond the rapidly growing BRICS alliance.
Commenting on the significance of this development, H.E. Mrs. Dilma Rousseff, President of Shanghai based New Development Bank (NBD) noted “One of NBD’s main goals between now and 2026 is ensuring that a minimum of 30% of all our project financing will make use of the currencies of our BRICS members.” She added “The expansion of membership will enable the construction of a financial structure that bears the mark of multilateralism and a multipolar world.”
AUREALS™ represent the future of a multi-polar clearing and settlement system. The potential to streamline cross-border transactions and reduce reliance on traditional currencies is truly remarkable. The unveiling of AUREALS™ marks a pivotal moment in the evolution of global finance, signaling a paradigm shift towards a more decentralized and resilient monetary system. As the world embraces this transformative technology, ICON stands at the forefront, driving innovation and shaping the golden future of finance.
In accessing the profound implication of disruption ICON and BRICS are facilitating, James G. Rickards, an American economist, investment banker and advisor to 3 lettered agencies and the Pentagon has shockingly predicted “The implied non-deflationary price of AU under a new Gold standard will result in AU at USD$27,500 per ounce by 2026.”
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About ICON
ICON was launched in 2013 to create a digital financial ecosystem fully backed by physical AU. The Company is led by global leadership with deep experience in banking, finance, fund management, family offices, AU trading and Distributed Ledger Technology (DLT or Blockchains).
AUREALS™ are a 1-gram Digital Currency fully backed by Insured, AU Bars in Non-Bank Vaults in Shanghai, Hong Kong, Singapore, Dubai & Switzerland. AUREALS™ are allocated to Encrypted Digital Wallets, offering FX Accounts (IBANs), Instant Liquidity & AUREALS™ can be pledged as Collateral for an ICON LIMITLESS™ Credit card. KYC & AML Onboarding is completed <7 Seconds in 200+ Countries & Global Transfers are Cleared & Settled on HEDERA Distributed Ledger in <1 second. AUREALS™ can also be Reserved by QI’s & Institutional Investors via a 0% Load & 0% Fee, Wiener Börse Listed Security offering a SIXSWISS ISIN, EUROCLEAR & trading on Bloomberg.
ICON is closely aligning with leadership across the BRICS, migrating from the Unipolar SWIFT settlement system to transborder clearing and settlement via a digital AU backed currency. On January 1st, 2024, BRICS added 5 new Members, including KSA, co-founder of the petro-dollar in 1973 (now being sun-settled). An additional 30 countries are joining BRICS in October. ICON is also working closely with Sovereigns across Africa, securing exclusive AU refinery agreements & banking licenses, locking in long term AU supply and offtake agreements, ultimately enabling the pricing of all commodities and reserves in AUREALS™, tradable 24 x 7 with instant settlement.
ICON’s decade long DLT investments have created the fastest (10k AUREALS™ transactions per second vs 1,700 for VISA/MC, 15 for ETH and 4 per minute for BTC) and cheapest underlying cost of USD$0.0001 per transaction via environmentally sound energy consumption. Across BRICS, ICON expects to roll out private chain ‘mesh’ networks enabling each Sovereign to establish their own compliance and regulations with 1 million transaction per second private settlement, pushing out and registering immutable records on Hedera for transborder settlements.
About New Development Bank (NDB)
The New Development Bank (NDB) is a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS) with the purpose of mobilizing resources for infrastructure and sustainable development projects in emerging markets and developing countries (EMDCs). Our strong mandate and potential put us in a unique position to contribute to global growth and development.
NDB HEADQUARTERS
1600, Guozhan Road, Pudong New District, Shanghai – 200126 China
上海市浦东新区国展路1600号
