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News DMCC Completes Land Sale Transaction in JLT with Reit Development to Build a Blockchain Enabled Precious Metals Refinery in Dubai The agreement brings the largest Blockchain-enabled precious metals refinery and storage facility in the GCC By: Diamond World News Service | | Reference: 25533   DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterpris...

DMCC, one of the world's leading free zones and Dubai authority on commodities trade and enterprise, has signed a sale and purchase agreement with REIT Development to establish the largest precious metals refinery and storage facility across the GCC.

GCC’s first blockchain-enabled precious metals refinery to open in Dubai in 2022 issacjohn@khaleejtimes.com Filed on April 21, 2021 The free zone said it has signed a sale and purchase agreement with Reit Development to establish the facility. — Supplied photo The first-of-its-kind facility will refine and store gold, silver, platinum, palladium, rhodium; The innovative refinery to be completed in the last quarter of 2022 The largest precious metals refinery and storage facility in the GCC, which will be the first in the region totally enabled by blockchain, will open in Duba...