Velmie, a Lithuania-based provider of white-label banking software, has released a digital banking platform designed specifically for gold-backed financial services.
The system is intended to help fintech firms, banks, and investment companies introduce gold-based products more quickly while ensuring compliance, security, and a consistent user experience.
Gold has long been regarded as a reliable store of value, but its traditional role as a static investment asset has limited its practical use.
Velmie’s new platform is designed to make gold a liquid and accessible instrument, fully integrated into digital financial systems.
A Complete Gold-Backed Banking Solution
The platform offers the core functions required to launch gold-based financial products.
It includes digital wallets that allow customers to buy and sell gold instantly, trading engines linked to global price feeds, and custody of both physical and tokenised gold through secure, audited vaulting partners.
The system also enables the use of gold-backed debit cards that provide real-time conversion of gold to fiat currency at the point of sale.
Compliance and risk management features are built in, with frameworks for KYC and AML checks, reporting tools, and proof-of-reserve functions.
Velmie notes that the modular infrastructure allows financial institutions to configure services in line with their regulatory environment and business models, while delivering a mobile-first interface for end users.
Solving Complexity for Institutions
Developing gold-backed services has traditionally required institutions to coordinate multiple providers for custody, payments, compliance, and trading.
This fragmented approach often results in higher costs, delays, and regulatory complications.
Velmie’s integrated platform is presented as a way of addressing these challenges by combining all elements within a single system.
The company maintains that this approach shortens time-to-market, lowers operational risks, and supports international expansion.
“Our mission with this release is to make gold-backed finance as accessible and dynamic as any other digital asset,”
said Pavel Shumsky, Chief Marketing Officer at Velmie.
“By providing an end-to-end solution, we empower financial institutions to launch innovative products that combine the centuries-old trust in gold with the convenience and speed of modern digital banking. We see this as a major step forward for the industry.”
Meeting Growing Market Demand
Interest in gold-backed financial services is increasing as investors look for stability amid inflation, market volatility, and geopolitical uncertainty.
In parallel, the growth of mobile-first adoption in emerging markets is creating opportunities for fintech firms and banks to include gold within their product offerings.
Velmie’s platform is designed to work across a range of regulatory frameworks and jurisdictions, enabling institutions to provide services such as fractional gold savings, trading, tokenised gold, and debit card spending.
Future-Ready Expansion
Although the initial focus is on gold, the platform has been developed with broader asset support in mind.
It is designed to handle other classes such as fiat currencies, cryptocurrencies, and tokenised instruments, allowing financial institutions to expand their services as customer demand and the financial landscape evolve.
Featured image credit: Edited by Fintech News Baltic, based on image by stockexpert via Freepik
