aXedras
aXedras AG is a Swiss DLT solutions provider that operates the Bullion Integrity Ledger, a Corda Enterprise-based platform delivering digital provenance, supply-chain traceability, and AI-powered authentication for the global precious-metals industry, serving mining companies, refiners, mints, vaults, and bullion dealers.
- Company typePrivate
- Founded2018
- HeadquartersZug, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What aXedras does
aXedras AG is a Switzerland-based (Zug) distributed-ledger technology company founded in 2018 that operates the Bullion Integrity Ledger (BIL), a permissioned, Corda Enterprise–based platform serving the global precious-metals supply chain. The platform creates digital twins — Integrity Certificates — of physical gold bars and coins, documenting provenance, chain of custody, and chain-of-integrity across mines, refiners and mints, logistics providers, vaults, and dealers. The company delivers modular SaaS Suites (Mine Suite, Refiner Suite, Dealer Suite, Vault Suite) tailored to each counterparty role, plus xTrace (AI chemical-fingerprinting origin verification) and xBiometrics (AI surface-biometric authentication of physical product) as add-on authentication layers.
Revenue is generated through a hybrid enterprise model: each network member licenses aXedras software to operate its own node (fixed license/membership fees) and pays variable transaction-based costs on data exchanged over the Ledger, supplemented by custom projects and IT services such as managed cloud and software development. Pricing is individualized by stakeholder segment, delivered through direct enterprise field sales and reinforced by mandates/endorsements from the World Gold Council, the London Bullion Market Association, and the Swiss ASFCMP. The company runs multi-year contracts with named enterprise customers including AngloGold Ashanti, Barrick, Gold Fields, Agnico Eagle, Eldorado Gold, Centerra Gold, DRD Gold, B2Gold, Rand Refinery, Royal Canadian Mint, Argor-Heraeus, Valcambi, Metalor, and Loomis International, and reports ecosystem participation of roughly 25 actors spanning the value chain.
aXedras' strategic positioning is anchored by regulator-mandated roles — official service provider for the LBMA Gold Bar Integrity Database (launched January 2025 with over 50% of LBMA Good Delivery refiners and custodians onboarded) and selected by ASFCMP in 2025 for the Swiss Gold Integrity Database — together with a Series B strategic investment from the World Gold Council and an academic collaboration with USI on ML and decentralized-platform economics. Technology partnerships include R3 (Corda Enterprise), Microsoft (for Startups), Skyquest AG (SaaS hosting), Swisscom (integration), ScaleFocus, and Comitas AG, while Alitheon provides optical-AI authentication via an LOI signed in October 2022.
aXedras firmographics
Firmographics- Name
- aXedras
- Legal name
- aXedras AG
- Website
- https://axedras.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- aXedras AG is a Swiss DLT solutions provider that operates the Bullion Integrity Ledger, a Corda Enterprise-based platform delivering digital provenance, supply-chain traceability, and AI-powered authentication for the global precious-metals industry, serving mining companies, refiners, mints, vaults, and bullion dealers.
- Ownership category
- akta.pro rank
aXedras industry classification
Industry- Product category
- Precious Metals Supply Chain Traceability Software
- NAICS
- Securities and Commodity Exchanges (523210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Diamond & Gemstone B2B Exchanges/Marketplaces (CRAKAJAJ)
- akta.pro secondary industries
- Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ), Tokenization, Network Vaults & Credential Management (FSAGABAF)
Keywords
Where aXedras is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
aXedras business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Software Licensing: Each network member licenses the aXedras software to run and operate their DLT-based node. Fixed costs for software license and membership apply.
- Transaction-based fees: Variable transaction-based costs for network usage and data transactions on the Bullion Integrity Ledger.
- Custom Projects: Special projects and customized solutions for specific customer requirements along the value chain.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Multi-year contract | Customized enterprise pricing based on stakeholder role and usage |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
aXedras product offering
Product offeringCore offering
aXedras provides a permissioned distributed ledger (Corda Enterprise-based) platform called the Bullion Integrity Ledger that creates digital twins (Integrity Certificates) of physical gold bars and coins to deliver product-level integrity, supply-chain traceability, and confidential business transactions across the global precious metals value chain. It complements the platform with modular SaaS suites (Mine, Refiner, Dealer, Vault) and AI-powered authentication technologies (xTrace, xBiometrics, xScanning). The company also operates the LBMA-mandated Gold Bar Integrity Database, centralizing vault and refiner data for market oversight.
Product overview
aXedras offers a modular SaaS platform for the global precious metals industry, anchored by the Bullion Integrity Ledger™ — a DLT-based blockchain solution that enables product-level integrity, traceability of supply chains and materials, and confidentiality of business transactions. The platform provides specialized suites for different market participants: Mine Suite, Refiner Suite, Dealer Suite, and Vault Suite address the needs of mines, refiners, dealers, and vaults respectively. The ecosystem is enhanced by AI-powered authentication technologies including xTrace for chemical fingerprinting-based origin verification and xBiometrics for surface-based bar authentication.
Differentiator
Problem solved
Functional benefit
Brands
- Bullion Integrity Ledger: A DLT-based distributed ledger technology platform for the global bullion market enabling transparency, traceability, and confidentiality of data and business transactions across the precious metals value chain.
- Mine Suite
- Refiner Suite
- Dealer Suite
- Vault Suite
- xBiometrics
- xScanning
- xTrace
- Gold Bar Integrity (GBI) Database
Products and services
- Bullion Integrity Ledger Core DLT-based platform providing product-level integrity, supply-chain traceability, and confidentiality of business transactions for the global precious metals industry. Built on Corda Enterprise permissioned blockchain and used to issue digital twins (Integrity Certificates) for physical gold bars and coins.
- Mine Suite Software module designed for mining companies and recycling organizations to digitally capture provenance data and digitalize shipment processes connecting to the Bullion Integrity Ledger ecosystem.
- Refiner Suite Software module designed for refiners and mints to digitize provenance details of incoming precious metals and connect them to refined products on the Bullion Integrity Ledger, including automated document generation and assay result exchange.
- Dealer Suite Software module for bullion dealers and traders to participate in the digital supply-chain ecosystem, verify product integrity, and manage transactions on the Bullion Integrity Ledger.
- Vault Suite Software module designed for vault operators and custodians to manage and verify precious metal holdings using digital integrity certificates on the Bullion Integrity Ledger.
- xTrace AI-powered origin verification technology that uses chemical fingerprinting to confirm whether a shipment of mined metal truly originates from its declared source, detecting anomalies and eliminating the risk of accepting illicit, non-compliant, or substituted material.
- xBiometrics AI-powered software that captures a unique digital fingerprint of each physical bar or coin based on its natural surface characteristics to eliminate counterfeit risk, strengthen trust during resale, and simplify downstream audits.
- xScanning Authentication technology that integrates with the Bullion Integrity Ledger to verify the authenticity of precious metal products through scanning.
- LBMA Gold Bar Integrity (GBI) Database Official database service mandated by the London Bullion Market Association and operated by aXedras to centralize Vault Holdings and Refiner Data and serve as the key governance tool for improved market oversight and data integrity.
- IT Services Professional IT services including software development and customization, managed cloud services, and consulting and project management that support customer integration and ongoing operation of the platform.
Quantifiable outcome
- Enables verification of origin of mined materials through chemical fingerprinting
- +3 more outcomes
Companies that use aXedras
Customer profileNamed customers15 records
Segments7 records
Ideal customer profiles4 records
aXedras technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability4 records
Feature9 records
aXedras partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered strategic, core and minor.
- AlitheonstrategicSigned letter of intent to link and integrate FeaturePrint technology into Bullion Integrity Ledger. FeaturePrint creates unique digital identifiers for items based on surface characteristics for authentication.
- LBMA (London Bullion Market Association)coreLBMA mandated aXedras as official service provider for the Gold Bar Integrity (GBI) Database. aXedras is an Affiliate Member of LBMA as its first Technology Member. GBI Database centralizes Vault Holdings and Refiner Data.
- R3coreR3 is the enterprise DLT software company behind Corda. aXedras' Bullion Integrity Ledger utilizes components of Corda Enterprise for enterprise usage, integrating privacy, scalability, settlement finality and identity management.
- MicrosoftstrategicSelected member of Microsoft for Startup: Where B2B startups scale program. Leverages Microsoft's commercial marketplace, 24x7 technical support, Azure cloud technology, and direct access to Microsoft partner network.
- Skyquest AGstrategicSaaS-Solution partner hosting and operating aXedras' SaaS solution and network components. Enables fast and standardized access to Bullion Integrity Ledger in compliance with highest reliability and security standards.
- SwisscomstrategicTechnology partner supporting aXedras' members in operation and integration of the solution, enabling seamless access to Bullion Integrity Ledger.
- Swiss Blockchain FederationminorOfficial umbrella organization of the blockchain industry in Switzerland and Crypto Valley. aXedras is a member supporting blockchain ecosystem development.
- ASMP (Swiss Precious Metals Association)strategicSwiss precious metal industry association helping develop the Swiss precious metals industry. ASFCMP announced selection of aXedras for Swiss Gold Integrity Database.
- IPMI (International Precious Metals Institute)minorGlobal platform for the precious metals community facilitating regional and international chapters, working committees, seminars, and webinars.
- SBMA (Singapore Bullion Market Association)minorNon-profit member-driven organisation representing precious metals industry in Singapore and ASEAN region. aXedras is a proud member.
- Swiss Better Gold AssociationminorPioneering network of industry, finance and service providers to support creation of responsible gold value chains from mine to market. aXedras is a support member.
- Università della Svizzera italiana (USI)minorAcademic partner with expertise in machine learning, AI, and blockchain economics. Collaboration focuses on assessing importance and value of provenance data and governance within decentralized platforms.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
aXedras competitors and assessment
Company assessmentEmerging players
- Modum: Modum provides IoT and blockchain-based supply chain monitoring for pharmaceuticals and physical goods. Comparable to aXedras for its DLT-based supply chain integrity and compliance focus, though serving pharmaceutical and logistics verticals rather than precious metals.
- OriginTrail: OriginTrail is a decentralized knowledge graph for supply chain interoperability and data sharing. Comparable to aXedras for its supply chain provenance and traceability focus, though targeting cross-industry data exchange rather than precious-metals-specific integrity.
- TrusTrace: TrusTrace offers supply chain traceability and product authentication for fashion, food, and luxury brands. Comparable to aXedras for its enterprise traceability platform addressing provenance and ESG compliance, though focused on consumer goods rather than precious metals.
Broad incumbents
- TradeLens (Maersk/IBM): TradeLens was a blockchain-based global trade and logistics platform developed by Maersk and IBM. Comparable to aXedras for its enterprise permissioned DLT architecture serving global supply chains with multi-party data sharing, though broader in scope.
- IBM Blockchain: IBM Blockchain offers enterprise DLT platforms and supply chain solutions for regulated industries. Comparable to aXedras as a broad incumbent providing enterprise-grade blockchain infrastructure and traceability solutions, with greater platform breadth and resources.
- VeChain: VeChain is a public enterprise blockchain platform with broad supply chain traceability use cases across luxury, agriculture, and logistics. Comparable to aXedras as an enterprise-grade DLT solution for physical asset tracking, though serving multiple verticals rather than specializing in precious metals.
Direct peers
- Minespider: Minespider provides blockchain-based responsible sourcing and ESG compliance for mining supply chains. Closely comparable to aXedras given the focus on the mining value chain, provenance of raw materials, and ESG/regulatory compliance drivers for adoption.
- Circulor: Circulor is a supply chain traceability blockchain platform focused on raw materials, including battery metals and plastics. Comparable to aXedras for its enterprise DLT-based provenance solution targeting industrial supply chains, with similar regulatory-driven adoption motion and tier-1 enterprise customers.
- Everledger: Everledger provides blockchain-based provenance and authenticity tracking for diamonds, gemstones, and luxury goods. Most direct comparable to aXedras given the focus on precious/luxury materials provenance using DLT, similar enterprise customer model (refineries, manufacturers), and shared mission of certifying high-value physical assets.
- Alitheon: Alitheon provides AI-based optical authentication (FeaturePrint) for physical goods, with an active integration partnership with aXedras. Comparable as an authentication technology peer addressing counterfeit prevention for high-value physical products, including precious metals.
Market position
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
aXedras social profiles
Digital presenceaXedras financial estimates
Financial estimateRevenue estimate
Valuation estimate
aXedras leadership team
Management profileNumber of profiles
Profiles5 records
aXedras funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
aXedras M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about aXedras
What does aXedras do?
aXedras provides a permissioned distributed ledger (Corda Enterprise-based) platform called the Bullion Integrity Ledger that creates digital twins (Integrity Certificates) of physical gold bars and coins to deliver product-level integrity, supply-chain traceability, and confidential business transactions across the global precious metals value chain. It complements the platform with modular SaaS suites (Mine, Refiner, Dealer, Vault) and AI-powered authentication technologies (xTrace, xBiometrics, xScanning). The company also operates the LBMA-mandated Gold Bar Integrity Database, centralizing vault and refiner data for market oversight.
Is aXedras a public or private company?
aXedras is a private company. It is classified as venture growth investor backed and is currently operating.
When was aXedras founded?
aXedras was founded in 2018. It employs 11 to 50 people.
Where is aXedras based?
aXedras is headquartered in Zug, Switzerland, in the Europe region.
How does aXedras make money?
Three revenue lines are on record. Software Licensing is the primary driver. The others are transaction-based fees and custom Projects.
Who are aXedras's main competitors?
Emerging players on record are Modum, OriginTrail and TrusTrace. Broad incumbents are TradeLens (Maersk/IBM), IBM Blockchain and VeChain. Direct peers are Minespider, Circulor, Everledger and Alitheon.
Does aXedras have an API?
No public API is recorded for aXedras.
What industry is aXedras in?
aXedras's product category is Precious Metals Supply Chain Traceability Software. Its primary akta.pro industry code is CRAKAJAJ, Diamond & Gemstone B2B Exchanges/Marketplaces, with a secondary code of FSAGAMAJ, Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring). Its NAICS code is 523210.