WHERE GOLD MEETS SMART CAPITAL

SigraFi® provides secured financing to Micro, Small and Medium-sized Enterprises (MSMEs) producing semi-refined gold doré and seeking to scale up in a global sector that is severely underbanked.  Over $75bn of gold is produced annually (20% of global supply) by an estimated 100,000 businesses, with an estimated $6.5bn in annual CAPEX required to meet demand in this segment.  

SigraFi provides:

  • Greater structuring flexibility

  • Sector expertise

  • Patient capital with longer tenors

  • Flexible repayment terms 


These features alleviate the short-term repayment pressures typical of bank loans and provide funding models tied to production cycles and offtake contracts.

What we do

SigraFi operates in the significant vacuum created by banks, particularly acute in gold-producing emerging and frontier markets.

Rather than pay interest, the borrower contractually undertakes to sell SigraFi a minimum quantity (in kg) of semi-refined gold (doré bars) each month for the term of the loan. 

The price for the doré is set at a fixed percentage discount to the LBMA gold spot price. SigraFi refines the gold, then sells the refined gold bullion to its contracted offtake partners, earning the net discount margin on each gold purchase.  

50% of SigraFi’s net profit is invested in gold bullion and vaulted, building a gold bullion treasury. The gold bullion treasury is partly used to collateralise SigraFi’s institutional-grade gold-secured loan notes.  This debt capital funds further secured lending to SigraFi’s borrowers, increasing SigraFi’s contracted doré supply.

Our business model

Gold-secured loan notes issued onchain

Using traditional finance to leverage gold is expensive and cumbersome. Issuing loan notes on the blockchain (onchain) is an efficient way to raise from a highly liquid pool of private credit. SigraFi’s loan notes will be issued in different sizes, maturities and yields and are structured to provide the company with seamless, reliable liquidity for MSME lending and to secure its gold supply pipeline.  

Some of SigraFi’s gold-secured investments will offer 100% downside risk protection as part of the security package. Others will target smaller yields and share the gold price risk in exchange for the potential upside in gold value at loan maturity.  Investors will benefit from automated compliance and term enforcement, as well as institutional-grade security transparency, and the efficiency of cross-border onchain settlement.

Private credit is exploding in popularity onchain, with more than $18 billion currently AUM. Onchain capital markets are forecast to hit over $40 trillion AUM by 2030-2034 as investors recognise the efficiency and convenience of a 24/7 global market, along with reduced issuance costs.

Debt capital raised onchain provides SigraFi with an efficient, scalable mechanism to fund further secured lending and secure gold supply.  It allows SigraFi to offer institutional-grade loan notes to qualifying retail investors who would otherwise be unable to access these investment opportunities.

Over 500m people worldwide now own onchain investments and assets, with this number predicted to increase as digital rails mature. 

Why onchain