HelloGold, an Ethereum-based and gold-backed platform project, would become a supplier as well as a custodian of gold for Canadian insurtech firm Heluss as a partnership agreement, according to its announcement.
While Heluss uses gold to increase the stability of its token HUT, HelloGold would explore using Heluss’ technology to provide tailor made insurance products for the unbanked people.
HelloGold CEO Robin Lee was cited as saying that the partnership with Heluss reflects the commitment to develop more products, enabling financial inclusion and wealth creation for underserved and unbanked communities.
Heluss CEO Jean Pierre Rukebesha was also cited as saying that the partnership with HelloGold would ensure the transparency and third-party custodianship for hard assets which supports Heluss’ overall company stability.
Heluss provides innovative solutions to the insurance industry via blockchain technologies, smart contract and AI.
HelloGold’s token HGT is also listed on major Exchanges such as HitBTC.