Liquid Noble
Last updated
Last updated
PROJECT OVERVIEW
Project: Liquid Noble, a revolutionary platform that provides digital currencies backed by precious metals, including gold, silver and platinum. These digital currencies are linked to ownership certificates securely stored on the BSV blockchain.
Organisation: Liquid Noble
Industry: Finance
Website URL:
EXECUTIVE SUMMARY:
Liquid Noble is a blockchain-powered platform reinventing financial access by replacing outdated, manual banking systems with tokenized real-world assets. Built on 100% reserves and LBMA-accredited metals, our platform offers seamless payments, remittances, and settlements backed by gold, silver, and platinum. Through our proprietary Liquid Noble Bridge Protocol (LQNBP), users gain full control over their finances with instant, borderless, and secure transactions — all transparently verified on-chain. We offer a reliable, inflation-resistant alternative to traditional banking and a powerful step toward truly decentralized asset ownership.
About the Organisation:
Liquid Noble is an Australian fintech company founded in 2024 to address the inefficiencies of traditional finance by offering fully-backed, tokenized precious metals on the BSV blockchain. Our mission is to deliver a transparent, scalable, and compliant platform for real-world asset ownership and digital payments. We transitioned from the Tokenized Protocol to our own custom-built Liquid Noble Bridge Protocol (LQNBP) in early 2025 to better serve our use case at scale and improve adoption by traditional off-chain businesses. Our infrastructure leverages BSV’s data capabilities for transaction efficiency, auditability, and cross-border utility.
INDUSTRY CONTEXT
Problems and challenges to solve
Liquid Noble addresses the lack of transparency, efficiency, and accessibility in traditional precious metals ownership and cross-border finance. Physical bullion markets are siloed, slow, and inaccessible to most retail users, while digital alternatives often lack backing or regulatory clarity. Our platform solves this by combining LBMA-accredited reserves with auditable, on-chain tokenization — enabling instant, low-cost, and secure ownership, payments, and remittances using real assets. We aim to replace opaque financial infrastructure with verifiable, programmable, and permissionless systems built on BSV.
Key Regulations & Compliance Considerations
Operating in the precious metals and digital asset space requires careful compliance with AML/CTF regulations, financial services licensing, and consumer protection laws. In Australia, Liquid Noble adheres to AUSTRAC reporting obligations and works within a FATF-compliant framework. As we expand, we actively assess licensing requirements such as an Australian Financial Services Licence (AFSL) and registration as a Digital Currency Exchange (DCE). Our platform is designed to meet evolving global standards, ensuring that tokenized metals can be legally owned, redeemed, and transacted with confidence.
PROBLEM STATEMENT
Liquid Noble addresses the inefficiency, inaccessibility, and lack of transparency in owning and transacting with real-world assets like precious metals. Despite being historically viewed as safe stores of value, gold and other bullion are often difficult to acquire, fractionalize, transfer, or spend in a digital economy. Our project bridges that gap by tokenizing physical bullion with full reserve backing and on-chain auditability, making real assets usable in everyday digital finance.
Limitations in Traditional Approach or Legacy Systems
Traditional bullion systems are siloed, paper-heavy, and geographically restricted. Ownership is often tied to physical delivery or proprietary ledgers, with little interoperability, high fees, and long settlement times. Digital representations of gold, when available, are typically custodial, opaque, or lack liquidity and divisibility. These systems don’t support micropayments, global transfers, or programmatic integration — making them unfit for the modern financial stack. Our platform removes these limitations by leveraging BSV’s scalable infrastructure and smart contract capabilities.
WHY BSV?
We chose the BSV blockchain because it offers the scalability, stability, and low transaction costs required for real-world asset tokenization and high-frequency microtransactions. BSV’s unbounded block size and support for complex smart contract logic allow us to manage large volumes of secure, on-chain transactions while maintaining full transparency and auditability. Its focus on data integrity and legal compliance aligns with our vision of bridging physical assets with digital finance in a regulatory-compliant and user-friendly way.
BSV features used:
Smart contracts
Micropayments
Tokenization
Function of BSV features used:
We use smart contracts on BSV as part of the Liquid Noble Bridge Protocol (LQNBP) to facilitate transparent, auditable coordination between on-chain and off-chain systems. Rather than relying solely on on-chain execution, our protocol records self-contained transaction envelopes on BSV that include signed payloads representing complete operations — such as asset transfers, redemptions, and fiat-to-token conversions. These can be independently parsed and verified by off-chain systems and agents. Each transaction includes digital signatures from non-custodial wallets, enabling verifiable proof of consent from all involved parties, while maintaining user control of private keys. Micropayments enable frictionless transfers of fractionalized metal-backed tokens, supporting real-time payments and remittances. Tokenization allows us to represent physical precious metals as programmable digital assets backed by 100% reserves, with the BSV ledger providing a globally auditable record of all activity.
SOLUTION ARCHITECTURE
Liquid Noble enables customers to buy, hold, and transact with tokenized precious metals through a secure web and mobile platform. Each token represents 1 gram of fully reserved, LBMA-accredited bullion stored in audited vaults. Our backend infrastructure (Liquid Noble API) connects to various services including identity verification, fiat on-ramps, card processing, and internal pricing engines.
At the blockchain layer, we use the BSV network to record all user transactions and token operations via our proprietary Liquid Noble Bridge Protocol (LQNBP). LQNBP produces self-contained transaction envelopes that include JSON-structured payloads and signatures from non-custodial wallets. These envelopes are published on BSV, enabling any third-party or agent-based system to independently verify, interpret, or act upon the transaction data. Off-chain systems (e.g. for fiat settlement or vault coordination) listen to BSV and respond accordingly. This architecture provides scalable, programmable tokenization with full auditability, minimal reliance on intermediaries, and a bridge between physical and digital finance.
INTEGRATIONS
Our solution integrates a range of technologies with the BSV blockchain to provide a scalable, secure, and compliant platform:
Serverless PWA frontend – Delivered via AWS CloudFront as a progressive web app, providing fast, globally distributed access to users without needing a native mobile install.
Containerized Django REST API – Deployed on AWS ECS with autoscaling and load balancing for high availability and operational resilience. Manages user accounts, token operations, compliance workflows, and pricing logic.
PostgreSQL (Amazon RDS) – Used for storing off-chain data, transaction metadata, and audit trails with managed backups and high durability.
Redis (Amazon ElastiCache) – Caches session data, pricing, and frequently accessed metadata to improve API responsiveness and reduce load times.
Non-custodial wallets – Managed using the official bitcoin-sv/py-sdk, which handles key generation, payload signing, and transaction broadcasting via ARC.
Payment gateways – Integrated with Stripe (API and SDK) to enable fiat card payments, which seamlessly trigger token issuance on-chain.
Vaulting and logistics APIs – Communicate with physical storage partners to confirm inventory, trigger allocations, and arrange delivery for redemptions.
IMPLEMENTATION
Development & Deployment Timeline
Development of the core Liquid Noble platform began in late 2023 and took approximately eight months to complete. During this period, we built our backend API, React-powered web app, and a containerized deployment environment on AWS.
In parallel, we made continuous iterations in response to evolving legal advice and regulatory changes in Australia, particularly relating to AML/CTF obligations and Digital Currency Exchange registration.
We conducted a soft launch in August 2024 for limited early access, followed by a full official launch in November 2024 after becoming a registered Digital Currency Exchange. This launch introduced full token transfer functionality, our own non-custodial wallet system, and the proprietary Liquid Noble Bridge Protocol (LQNBP) — enabling programmable, auditable on-chain asset interactions.
Development is ongoing, with continued improvements to compliance tooling, blockchain integration, and vaulting logistics coordination.
Milestones, Funding Rounds & Partnerships
Our early development and regulatory licensing efforts were supported by a small group of angel investors and Unbounded Capital, who recognized the value of bridging real-world assets with blockchain technology.
Our first major milestone came in August 2024, when we officially became a registered bullion dealer in Australia, operating within a fully compliant precious metals trading framework.
This was followed by registration as a Digital Currency Exchange and Independent Remittance Service Provider in November 2024, enabling the launch of full token transfer functionality and the introduction of our proprietary Liquid Noble Bridge Protocol (LQNBP).
Another notable milestone was the listing of our NobleGold (LGAU) token on Coinstore in March 2025, making it directly exchangeable for USDT and significantly expanding global accessibility and liquidity.
We are currently in our Seed stage, actively fundraising to support the next phase of our roadmap — including the introduction of digital debit cards backed by precious metals, a fully-featured AUD stablecoin, support for wrapping digital assets from other networks, and further exchange listings with native support for additional currencies beyond AUD, such as USD, EUR, and SGD.
Key Quantitative Results
$150,761.01 in trading volume generated within the first three months following our official launch.
Established a network of 5 precious metal suppliers and vaults across Sydney, Melbourne, and Queensland (3 locations), ensuring secure, geographically distributed storage and fulfilment.
Qualitative Benefits
Increased trust through on-chain transparency: Every transaction and ownership change is verifiable on the BSV blockchain, ensuring full auditability without relying on a central authority.
Faster settlements: Tokenized metals can be transferred instantly, removing the delays associated with traditional bullion transactions and bank-led remittance systems.
Improved user experience: Our progressive web app offers seamless access to buying, holding, and redeeming precious metals, with no technical knowledge or BSV holdings required.
Ownership without custodial risk: Users retain control through non-custodial wallets, ensuring they can sign and authorize operations securely from their own device.
TESTIMONIALS
“The integration process was smooth, and the project team was both friendly and highly skilled. We’re glad to have connected with them.”
Jowenson, Coinstore Regional Manager
“Accumulating digital on-chain and redeeming physical is the best of both worlds. You’ve built a great company and service.”
Scott, Customer
“I just executed my first purchase of Noble Silver... Smooth workflow and great support on the few minor bumps along the way.”
Todd, Customer
Industry Recognition:
Corporate Vision Awards 2025: Awarded FinTech Business of the Year and Excellence in Precious Metals Investment.
The Commonwealth at 75: Officially recognized as a Thought Leader in Financial Services for our innovative approach to tokenized gold and inclusive financial access.
APAC Insider Business Awards 2024: Dan Dragon was named Most Innovative Financial Technology CEO for 2024.
CHALLENGES & LESSONS LEARNED
Biggest Challenges
One of the biggest challenges was navigating the evolving regulatory landscape in Australia while building a blockchain-based platform designed to interface with traditional finance. Achieving compliance as a bullion dealer, digital currency exchange, and remittance provider required significant legal consultation, documentation, and delays to adjust technical features accordingly.
Another challenge was bridging on-chain tokenization logic with off-chain systems (such as card processing and vault logistics) in a way that preserved transparency, auditability, and security. This led us to create the Liquid Noble Bridge Protocol (LQNBP), which required deep custom development on top of BSV infrastructure.
Finally, as pioneers in a space where real-world asset tokenization is still maturing, we faced ongoing UX design and education challenges — building an experience that is intuitive for end users while abstracting away blockchain complexities and removing the need to own cryptocurrencies like BSV to trade NobleMetals.
Lessons to Share
Design for compliance from day one: Regulatory clarity should drive your architecture, not retrofit it later. Build with flexibility but align early with legal frameworks and licensing paths in your jurisdiction.
Don’t overestimate third-party readiness to adopt new protocols: Especially when working with traditional, off-chain businesses, even the simplest blockchain protocol can be perceived as too complex and repelling. No one wants to integrate unfamiliar wallets or learn how blockchain works. Interfaces and APIs must look and behave like existing systems from well-known providers — otherwise, the learning curve alone becomes a barrier to adoption. Invest in human-readable, self-contained transaction formats: Our experience with the Liquid Noble Bridge Protocol showed that structured, fully signed payloads simplify off-chain coordination and build trust in the transaction flow. If a single glance at the payload isn’t enough to understand what happened, most users — and especially third-party integrators — won’t dig deeper or build proprietary decoders. Clarity must be built in.
Prioritize UX and abstraction: End users don’t want to think about wallets, chains, or coins. They want intuitive controls, instant results, and the confidence that their assets are safe. Hiding blockchain complexity while retaining transparency and security is key to broader adoption.
FUTURE PLANS
The next phase for Liquid Noble focuses on scaling across regulatory, product, and geographic dimensions.
Once our updated licenses are in place, we plan to introduce several key features:
Digital payment cards that allow users to spend tokenized precious metals as seamlessly as fiat.
Lending products using tokenized metals as collateral, unlocking liquidity without forcing asset liquidation.
Merchant-facing POS terminals to enable businesses to accept tokenized gold and silver directly.
We’re also expanding our operational footprint:
Extending our supplier and vaulting network beyond Australia to enable physical redemptions outside Australia and reduce reliance on domestic infrastructure.
Partnering with suppliers who accept non-AUD fiat currencies (e.g., USD, SGD), which will help reduce operating costs when users transact with stablecoins like USDT.
Establishing overseas entities, including a MiCA-compliant CASP to service the European Union and align with other key regulatory frameworks globally.
These developments will allow Liquid Noble to evolve from a trusted asset-backed payment platform into a full-stack global fintech ecosystem built on auditable, programmable value.
Plans to continue to use BSV and evolve with it
We plan to continue using the BSV blockchain as the foundation for our asset tokenization and transaction infrastructure. Its scalability, low fees, and support for on-chain data make it the ideal environment for real-world asset platforms like ours.
As we expand, we’ll evolve our Liquid Noble Bridge Protocol (LQNBP) to support more complex use cases — including lending, cross-chain interoperability, token wrapping, and solving key challenges faced by non-custodial wallets, such as recurring subscriptions and direct debits. We also aim to use LQNBP to streamline the recording of off-chain operations, such as logistics and custody events during physical product redemptions, while maintaining an auditable on-chain trail.
We currently offer a public API (https://liquidnoble.com/api-reference/) and plan to extend it to support additional functionality, while also introducing developer SDKs that allow third-party systems to interact with LQNBP transactions natively, further lowering the barrier to integration.
Our goal is to grow with BSV by demonstrating scalable, regulated use cases and contributing to the broader adoption of blockchain-backed real-world finance.
