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Veracash

Veracash makes precious metals accessible by turning them into real means of payment through a payment card backed by physically stored and secured gold, silver, or diamonds. By relying on Treezor’s regulated infrastructure, Veracash combines tangible savings with the fluidity of digital financial services, offering its customers the ability to use their assets with the simplicity of a traditional account, anywhere in the world.

Presentation of Veracash and the project

Veracash offers a unique service that combines savings in precious metals (gold, silver, diamonds) with digital financial services. Its mission is to make these tangible assets usable through a Mastercard payment card. Users can thus transform their gold, silver or diamonds, stored in secure vaults, into a modern and universal means of payment. Present in more than 20 countries, Veracash now has more than 50,000 active customers, reinventing the way precious metal savings are conceived by making them liquid and mobile.

Veracash operates within a leading financial group that currently manages nearly €1 billion in assets under management (AUM) in the form of precious metals. This level reflects the growing confidence in this innovative model and is a guarantee of credibility and solidity in this rapidly expanding market.

+20

countries in the world

+50,000

active customers

Challenges for Veracash

To realize this ambitious vision, Veracash had to overcome several major challenges:

  • Secure savings by backing them with a tangible and recognized asset.
  • Make these savings immediately available and usable for everyday transactions (payments, transfers, withdrawals).
  • Ensuring the smooth processing of financial flows between tangible assets and digital transactions.
  • Guarantee compliance, transaction security and compliance with European regulations.

The goal was clear: to offer an experience that allows precious metals to be used with the simplicity of a traditional financial account.

Solution deployed thanks to Treezor

To meet these challenges, Veracash chose to rely on Treezor, a leading regulated technology partner. This strategic partnership enabled it to set up a comprehensive, robust infrastructure that complies with European standards, without having to become a payment institution itself.This collaboration enabled Veracash to:

  • Integrate KYC and KYB services to ensure regulatory verification of customers and fraud prevention.
  • Offer each user an individual IBAN, facilitating SEPA transfers, direct debits and comprehensive financial flow management.
  • Issue an international Mastercard, backed by physically stored precious metals and equipped with “self-care” features (adjustment of limits, blocking, etc.)
  • Offer transparent monitoring with online access to statements, bank details and real-time valuation of precious metal savings.
  • Offer modern features such as instant transfers and virtual cards.

Results and impact

Thanks to Treezor, Veracash has been able to establish its position in a rapidly expanding market. This model perfectly illustrates how an innovative fintech company can leverage the expertise of a regulated partner to accelerate its growth, strengthen its credibility and guarantee a smooth and secure experience for its users.

By transforming precious metals, long perceived solely as storehouses of value, into truly modern and universal means of payment, Veracash and Treezor have succeeded in reconciling tradition and financial innovation. Together, they are paving the way for new prospects for the future of finance.