A new twist on traditional gold pawnbroking – iP2PGlobal’s Gold-backed Crypto Loan

November 13 10:58 2019

We are pleased to announce that we will be adding a Gold-Backed Crypto Loan (“GbCL”) product to our existing Unsecured Crypto Loan and Secured Crypto Loan backed by other Cryptocurrencies products.

The GbCL has been structured following the Shariah finance concept of Rahnu or Islamic pawnbroking, which charges ‘Storage Fee’ rather than interests. The GbCL tenors will be 1 month, 2 months and 3 months. Collaterals accepted will be gold bars or jewellery with gold contents (where only the gold content will be valued as collateral).

The GbCL will be rolled out concurrently with the unsecured crypto loan products, based on the ‘Go to Markets Strategy’ Section 9.2, TWQ Whitepaper.

In order to provide GbCL, iP2PGlobal will be appointing local agents who are either jeweller shop/chain or licensed gold trader. Potential borrower will have to visit the agent for a valuation of the gold collateral before applying for a GbCL on the iP2PGlobal Platform. On successful loan auction, the potential borrower will then have to visit the agent and deposit the collateral items for safekeeping before the stable coin loan is disbursed to his/her wallet.

Valuation Receipt (“VR”) and Safe Keeping Receipt (“SKR”) on the blockchain.

IP2P Global is currently working together with a 3rd party technology provider who will provide an integrated certification and authentication system that all iP2P Global’s agents will be required to use. This system will allow digital VR and SKR to be generated as unique ERC20 tokens. The VR tokens will be issued to potential borrower’s wallet (to be used during loan application) & SKR tokens (issued after physical deposit of the collateral) will be sent to the particular GbCL smart contract, for the stable coins to be disbursed autonomously to the borrower’s wallet.

Why not use other existing gold backed tokens as collateral?

We are aware that there are many existing gold backed or gold pegged tokens out there. However the management of iP2P Global is taking the view that taking the additional steps of collateralising real gold will provide more security to the lenders, rather than taking these tokens as collateral. We are also of a view that these tokens fall under the ‘Asset Tokens’ category as defined by FINMA which states that “Tokens which enable physical assets to be traded on the blockchain also fall into this category…”, therefore these tokens should have regulatory approval which unfortunately most do not.

We will carefully monitor the market for future issuance of ‘gold’ backed tokens, if these tokens have the necessary approval, we will include it as one of the crypto currencies that can be used for our normal secured crypto loan product.

The Global Pawn Market

The global pawn market is valued at US$42,920 million in 2018 and is expected to reach US$46,560 million by the end of 2024, growing at a CAGR of 2.1% between 2019 and 2024, with the Asia-Pacific market, especially in China, India and South East Asia regions expected to increase its global market share in the following years.


With the addition of the Gold-backed Crypto Loan product, iP2P Global is taking another step to increase real world usage of cryptocurrency as a viable medium of exchange.


iP2PGlobal P2P Cryptocurency Lending Platform aims to re-shape personal financing by introducing Sharia compliant financing products to individuals worldwide. Offering the first unsecured crypto loan and the first gold-backed crypto loan products, it will also feature a single global benchmark rates for fair loan pricing, compensation fund to cover default risks, full KYC & AML compliance and proper e-lending legal documentation in order to enforce debt collectibility, furthermore financing & disbursement will be in US$ pegged stablecoins to encourage real world usage.

About the TWQ TOKEN

The TWQ Token is the platform’s native token, borrowers will have to stake a certain amount of TWQ Tokens when applying for personal financing on the iP2PGlobal platform. The TWQ token is reusable and will be returned to the borrower on successful loan repayment.

The TWQ Token is a pure utility token and does or will not provide any other rights and functions to its holders.


iP2PGlobal’s IEO will be conducted on Exmarkets, p2pb2b and Vindax starting on November 18th.

I) The ICO campaigns on Exmarkets and p2pb2b will consist of three separate rounds, each offering a different price and bonus structure.

TWQ tokens can be subscribed by using ETH & BTC on Exmarkets and ETH, BTC, USDT & USD on p2pb2b.

Round I: November 18th – 24th | TWQ Price: $0.10 | 20% bonus on purchases;

Round II: November 30th – December 6th | TWQ Price: $0.10 | 10% bonus on purchases;

Round III: December 12th – 18th | TWQ Price: $0.10 | 5% bonus on purchases;

For more information on TWQ Token’s IEO on Exmarkets, visit: https://exmarkets.com/launchpad/twq-btc

For more information on TWQ Token’s IEO on p2pb2b, visit: https://p2pb2b.io/token-sale/TWQ/1

II) The ICO campaign on Vindax will consist of 2 short sessions and can only be subscribed using USDT:

Session I: November 18th – 19th | TWQ Price: $0.10 | 20% bonus on purchases;

Session II: November 27th – 29th | TWQ Price: $0.10 | 10% bonus on purchases.

For more information on TWQ Token’s IEO on Vindax, visit: https://vindax.com/project/5dc286224cf9f83236d0bed7.html


iP2P Global Ltd is a fintech-blockchain company that was first established in 2015. The company owns iP2PMoney, a P2P fiat lending platform and iP2PGO App, an escrow P2P crypto/fiat Marketplace. The company also provides P2P and Blockchain enterprise solutions to corporates and government.

For more information on iP2PGlobal and TWQ Token, visit https://ip2pglobal.io.

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Company Name: IP2PGlobal
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Phone: +381526252563
Country: Cayman Islands
Website: https://ip2pglobal.io/