Paksoy has advised the General Directorate of Mint and Stamp Printing House of the Ministry of Treasury and Finance of Turkey on a gold certificate issuance and listing on the Borsa Istanbul Commodity Market.
According to Paksoy, “the issuance of 500 million Gold Certificates backed by 5,000 kilograms of gold with a 0.995 purity aims at offering an alternative investment tool for investors willing to invest in commodities. The Gold Certificates provide an alternative way of settlement with an option to physically convert them to gold. The Gold Certificates have started to be traded on the Borsa Istanbul Commodity Market with the ticker of ALTIN.S1 on November 21, 2022.”
Paksoy’s team included Partner Omer Collak, Counsel Okkes Sahan, and Associate Bulent Ozturk.