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SICPA is pleased to announce that BullionProtect®, its security solution for the gold market, has been certified by the London Bullion Market Association (LBMA) as part of its Gold Bar Integrity (GBI) Programme, an initiative to provide more confidence in gold bars trading.
BullionProtect® is an innovative solution to safeguard the integrity of the bullion market. Designed to prevent fake or counterfeit gold bars that could be mistaken for genuine ones, it is an integrated solution comprising of a security seal and bespoke validation devices. The security solution, built on proven technology with high counterfeit robustness, ensures simple and immediate verification of security seals.
In line with LBMA guidance, the solution enables all actors within the supply chain to authenticate precious metal products. Since 2020, more than 400’000 kilobars of gold have been marked with a unique code by BullionProtect® globally. The security feature is currently used to secure the integrity of gold products of four LBMA Good Delivery refiners across three continents. The solution is readily available for all precious metal refiners interested in efficiently securing their products.
“We are pleased that our BullionProtect® solution has been certified by the LBMA and its Gold Bar Integrity programme. SICPA is looking forward to further deploying the solution and enabling trust in the precious metals market”, said Andreas Müller, Sales Director for Product & Brand Protection at SICPA.
Security feature specifications form part of the Gold Bar Integrity programme that aims to enhance the integrity of the physical gold market. This initiative will ensure that gold bars entering the market are genuine articles with known provenance and can be traded with confidence. The specifications were developed in conjunction with the London vaults, Good Delivery refiners and other industry experts.
About BullionProtect®: BullionProtect® • An innovative solution to safeguard bullion market integrity