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: https://amleh.com/
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?
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.
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
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