Zimbabwe's first regulated digital gold marketplace — bonded warehouse verification, electronic warehouse receipts, CME-referenced pricing, and export-ready documentation on every trade.
Platform Architecture
Every OGX transaction is anchored by physical verification, legal title, and transparent market pricing — eliminating counterparty risk at every step.
All gold is held in a ZIMRA-accredited bonded warehouse under the three-lock independent custody protocol. No single party can access the vault unilaterally — Collateral Manager, Partner Bank, and OGX each hold one key.
Every deposited lot generates an e-WR — a legally enforceable negotiable instrument under Zimbabwe's Securities Act. e-WRs confirm purity, weight, and chain of title. RBZ-recognised as a Liquid Asset; banks accept them as collateral at up to 80% LTV.
All pricing is anchored to the live CME/COMEX gold benchmark, plus a disclosed OGX facilitation spread of 0.75–5.5% depending on lot size. No hidden margins. Every listing shows the spread and benchmark reference.
Sellers monetise their gold without waiting for a buyer. OGX introduces sellers to partner banks that lend against the e-WR at up to 80% of spot value — delivering immediate USD liquidity while gold remains securely in the vault.
OGX holds a Gold Trade Act dealing licence, coordinates with MMCZ on all exports, and applies FATF-compliant KYC/AML procedures to every participant. Every lot carries an auditable compliance trail from mine to delivery.
OGX compiles the full bankable export pack for international buyers: assay certificate, MMCZ approval, ZIMRA customs declaration, KYC dossiers, and shipping coordination — making every cross-border transaction trade-finance compliant.
Live Listings
All lots have been independently assayed, deposited in the bonded vault, and issued an electronic Warehouse Receipt. Prices update against the live COMEX benchmark.
Warehouse Receipt Finance
The e-WR system transforms physical gold into an institutionally recognised financial instrument — tradable, pledgeable, and enforceable under Zimbabwe law.
Collateral Manager, Partner Bank, and OGX each hold an independent lock. Physical release requires unanimous authorisation — eliminating single-point-of-failure fraud risk across the entire custody chain.
Zimbabwe's warehouse receipt system carries RBZ Liquid Asset Status, meaning partner banks can include WR-backed loans in their statutory liquid asset portfolios — unlocking mainstream institutional participation.
Sellers access immediate USD working capital loans from OGX partner banks, fully collateralised by the e-WR. Gold stays in the vault until the marketplace transaction settles and the loan is repaid from proceeds.
Transaction Architecture
From first KYC submission to final export clearance — every step is documented, independently verified, and institutionally compliant.
Sellers register and submit full KYC: mining title or gold buying licence, company registration (CR14), ZIMRA tax clearance, and source-of-funds declaration. OGX verifies against Gold Trade Act requirements. Approved sellers receive an OGX Supplier Certificate and unique counterparty ID.
Gold is delivered to the OGX ZIMRA-accredited bonded warehouse in Harare. A Bill of Entry (Form 21) is filed with the Customs Commissioner — duty suspended in bond. The independent Collateral Manager conducts a formal assay: purity, weight, and physical form classification. A Grade and Quality Certificate is issued against a unique lot reference.
On successful assay, the Collateral Manager instructs the OGX e-WR System to generate the receipt capturing: lot reference, fine gold weight, purity, assay certificate number, vault location, and seller counterparty ID. The e-WR is a negotiable instrument under Zimbabwe's Securities Act — endorseable to a buyer, pledgeable as collateral, or tendered against an export order.
The lot appears on the OGX storefront with full transparency: weight, purity, form, assay certificate reference, live USD price (COMEX spot × fine gold weight + declared OGX spread), and status. Price locks are offered for 2–4 hour validity windows against live COMEX. The spread covers OGX's buy discount, sell premium, warehouse costs, and documentation fees.
Rather than waiting for a buyer, the seller presents the e-WR to an OGX partner bank. The bank extends a working capital loan at 70–80% of current spot value. The gold remains in the three-lock vault — the bank's representative holds Lock 2. The seller has immediate USD liquidity. Loan is repaid from sale proceeds when the marketplace transaction completes.
A KYC-approved buyer selects a lot, locks the price, and transfers payment to OGX escrow. On confirmed cleared funds, OGX digitally endorses the e-WR to the buyer. Legal title passes at endorsement — no physical movement required. The gold remains in the vault under the buyer's title until physical delivery or export is authorised.
Domestic buyers request physical release via the platform; the Collateral Manager supervises vault exit and ZIMRA duties are settled. Export buyers receive OGX's complete bankable documentation package: assay certificate, MMCZ export approval, ZIMRA customs declaration, seller and buyer KYC, commercial invoice, and shipping coordination — every export is trade-finance compliant on delivery.
Documentation Pack
OGX compiles a complete, audit-ready documentation package on every transaction. Nothing leaves the platform without a full compliance trail.
Purity %, fine weight, certifying body, lot reference — signed by accredited assayer
Negotiable title instrument; RBZ Liquid Asset; transferable by digital endorsement
Mineral Marketing Corporation of Zimbabwe clearance for all international shipments
FATF-compliant due diligence dossier for both counterparties; AML cleared
Bill of Entry; duty settlement confirmation; bonded zone release authorisation
OGX commercial invoice; escrow ledger; price basis and spread fully disclosed
Regulatory Framework
OGX operates entirely within Zimbabwe's existing statutory framework. Every licence, permit, and approval is an existing, obtainable instrument.
OGX operates as a licensed gold dealer under the Gold Trade Act (Chapter 21:03). No person may deal in gold as principal or agent without this licence — OGX holds it as a foundational operating condition.
Gold Trade Act Ch. 21:03All mineral exports are coordinated through the Mineral Marketing Corporation of Zimbabwe. Export approval is obtained before any shipment is authorised. OGX pre-compiles the complete documentation submission.
Minerals Marketing ActThe OGX vault operates as a ZIMRA-accredited bonded facility. Gold held in bond is duty-suspended until exit — enabling frictionless international structuring without premature tax crystallisation.
Customs & Excise Act Ch. 23:02Electronic Warehouse Receipts are anchored on the Warehouse Receipt Act and Securities Act, with RBZ Liquid Asset Status — making them acceptable bank collateral instruments within Zimbabwe's regulated financial system.
Securities & Exchange Act; RBZAll participants are subject to FATF-compliant Know Your Customer and Anti-Money Laundering procedures. Source of funds documentation is mandatory for every seller before platform onboarding is completed.
Money Laundering & Proceeds of Crime ActAll USD transactions comply with RBZ foreign exchange regulations. OGX settles exclusively through licensed banking partners, ensuring full regulatory compliance on every cross-border payment and remittance.
Exchange Control Act; RBZ DirectivesRevenue Architecture
OGX earns revenue from a declared facilitation spread on each transaction, plus ancillary fees for warehouse, documentation, and banking introduction services. All spreads are disclosed on every listing.
| Revenue Stream | Basis | Rate / Fee |
|---|---|---|
| Trading Spread — Wholesale Standard Lots | Buy discount + sell premium vs. COMEX spot | 0.75%–1.50% |
| Trading Spread — Institutional / Repeat B2B | Negotiated on repeat volume commitments | 1.25%–2.25% |
| Trading Spread — Retail / Small Lot (<500g) | Wider spread, lower volumes | 3.00%–5.50% |
| Export Facilitation Fee | Per export; documentation + MMCZ coordination | USD 500–1,500 + 0.50% |
| Warehouse & Vault Storage | Per kg per day; charged to depositing seller | USD 0.15–0.40/kg/day |
| e-WR Issuance Fee | Per receipt generated | USD 25–75 flat |
| Banking Introduction / Arrangement | On WR-backed working capital loans arranged | 0.50%–1.00% of loan |
| Assay Coordination Fee | Where OGX coordinates the assay laboratory | USD 50–150 per assay |
All spreads are declared on each lot listing. OGX does not earn undisclosed margins. Pricing anchored to live CME/COMEX benchmark.
Get Started
Whether you are a licensed gold producer, aggregator, jewellery manufacturer, refinery, or institutional buyer — OGX provides access to Zimbabwe's most trusted verified gold marketplace.
All registrations are subject to KYC/AML verification. OGX is a regulated dealing entity under the Gold Trade Act, Zimbabwe.