# Amleh by Layer2
### Project Overview * **Product:** Amleh Gold digital, blockchain-based platform that allows users to own and trade fractional amounts of real gold * **Solution Provider:** Layer2 * **Industry:** Precious Metals / Asset Tokenization / Financial Technology * **Website:** * **Geographic Reach:** Australia, Southeast Asia, and global * **BSV Integration Start Date:** 2019 ### Business Challenge The gold investment market faces several inefficiencies, including the difficulty of dividing gold into small units, the high cost and complexity of physical transport, and limited accessibility for small investors. Traditional systems for gold ownership rely on centralized custodians, paper certificates, and siloed records, which can lead to fraud, a lack of transparency, and inefficiency. ### Why BSV Blockchain? BSV was chosen for its high scalability, low transaction fees, and stable protocol—critical for building enterprise-grade solutions. Its support for tokenization and regulatory compliance through the Tokenized protocol made it ideal for a gold-backed token. In contrast to Ethereum-based ERC-20 gold tokens, BSV provides more efficient, scalable, and cost-effective infrastructure. {% embed url="" %} ### Solution Architecture Amleh Gold is a 100% gold-backed digital token running on the BSV blockchain. Each token represents one milligram of real gold, stored securely and verified through third-party audits. Key components include: * **Tokenization:** Gold is divided into 10 million tokens representing 10kg of gold. * **Smart Contracts:** Built using the Tokenized protocol for compliance (including revocation, freezing, and confiscation). * **Transparency:** Gold audits are uploaded and time-stamped on-chain. * **Integration:** Physical vaults and audit processes are bridged with digital records. Partners include Tokenized (protocol provider) and reputable gold auditing firms.
### Implementation Process * Phase 1: Issuance of initial 10kg of gold-backed tokens * Phase 2: Development of wallet and POS systems * Phase 3 (Planned for 2025): First public audit report release, token issuance, and launch of micro-financing solutions Stakeholders, including developers and auditors, have been onboarded with an emphasis on legal compliance across jurisdictions (Western and Sharia law). ### Outcomes & Business Impact * Fraud Reduction: Immutable audit trails on BSV enhance legitimacy * Accessibility: Users can own as little as 1mg of gold (\~$0.04) * Efficiency: Token transfers are instant, enabling microtransactions * Trust: Public blockchain increases customer and institutional trust **Before:** Physical gold ownership was costly and inaccessible to many **After:** Users globally can invest, spend, and transfer gold seamlessly ### Challenges & Mitigations **Challenge:** Bridging off-chain audit processes with on-chain records * Mitigation: Regular uploads of audit reports to the blockchain **Challenge:** Regulatory compliance across different legal systems * Mitigation: Use of Tokenized protocol to enforce compliance mechanisms ### Future Vision * Expansion to tokenize other real-world assets beyond gold * Introduction of chip-and-card POS systems using caching protocol * Deployment of gold-backed micro-financing in developing markets (e.g., Vietnam) * Broader BSV ecosystem integration via other Layer Two subsidiaries ### Testimonial Highlights "Amleh is not a promise of returns—it's a tool. A digital representation of real gold that fulfills Bitcoin's vision of utility." — Eli Afram, CTO of Layer Two “A blockchain that's cheap to transact, transparent, and secure is ideal for backing gold tokens.” — Peter Schiff, Economist (in response to an audience question referencing Amleh) “Tokenized just works—it brings governance, security, and flexibility without needing to reinvent the wheel.” — Eli Afram --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://hub.bsvblockchain.org/case-study-library/fintech/amleh-by-layer2.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.