Under the MOU, Crucible is developing a platform for precious metals markets where a fund pays upfront for a mine's gold output, with fund interests represented by MPL-3643 tokens restricted to verified, eligible wallets. Holders would receive distributions in tokenized gold as the mine produces. Crucible is partnering with KCA, a mining firm operating since 1972 that has built over 70 process plants in more than 30 countries. The author argues permissioned tokenization of assets like gold production, private funds and credit could enable instant global settlement, secondary trading and borrowing.

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