Goldwise, a UK-based fintech founded by former executives of The Royal Mint, has launched a new trading platform designed to modernise how savers and investors access physical precious metals.
Through an intuitive mobile app, the platform enables users to buy, manage, and sell fractional amounts of physical gold, silver, platinum, and palladium.
The company was founded by Jatin Patel and Gareth Tucker, who previously led the transformation and scaling of The Royal Mint’s precious metals division, driving significant growth and successfully launching a gold-backed exchange-traded product. The pair identified a clear gap in the market: growing demand for physical precious metals, coupled with persistent customer frustration regarding outdated bullion dealer models and a lack of access on modern wealth platforms.
Solving the physical metals problem
While precious metals have long been viewed as a reliable store of value, the methods of accessing them have largely failed to keep pace with modern digital investing.
Currently, investors face two imperfect options:
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Financial products like ETFs or tokenised gold, which offer price exposure but lack direct physical ownership.
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Traditional bullion dealers, which often feature outdated buying processes, high mark-ups, large minimum purchases, and limited flexibility.
“Investing in most asset classes has become simple, digital and accessible – but physical precious metals have been left behind,” said Tucker, Co-founder of Goldwise. “Customers still face outdated buying experiences, marked-up pricing and limited trading functionality. Goldwise was built to change that, making precious metals investing easy, secure and efficient for all.”
The Goldwise Engine
At the core of the new platform is the ‘Goldwise Engine’, a proprietary, enterprise-grade infrastructure. This engine manages customer onboarding, institutional pricing and execution, payments, allocation, custody, and recordkeeping by connecting directly to the global precious metals ecosystem.
This technology enables fractional trading of investment-grade, London Bullion Market Association (LBMA)-approved bars from as little as £5 (0.001 troy ounces). The platform also supports 24/7 trading, conditional orders, and real-time portfolio tracking.
To ensure security, all customer physical metal holdings are reconciled daily and stored in insured, audited institutional vaults located in London, Zurich, and New York—the exact same facilities utilized by major metals banks and brokers. Customer funds are also safeguarded under FCA-regulated e-money arrangements.
A dual-distribution model
The Goldwise Engine currently powers two distinct distribution channels:
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The Goldwise App: A direct-to-consumer mobile experience (currently available on iOS, with Android and web platforms launching soon).
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Goldwise Connect: A precious-metals-as-a-service infrastructure solution. This turn-key solution enables wealth platforms and financial institutions to easily embed physical precious metals trading into their own offerings.
“One of the biggest frustrations for savers and investors is that physical precious metals are rarely available through their existing banking or wealth platforms in amounts and fees they can afford,” Patel explained. “Goldwise is here to change that.”
Looking ahead, Goldwise plans to scale across Europe, the US, and Asia. Over the next 18 months, the fintech also intends to expand its offering to include whole coins and bars for both vaulting and physical delivery, automated recurring purchases, and options for customers to earn interest on uninvested cash or a yield on their precious metals holdings. To support this next stage of growth, Goldwise will soon launch a crowdfunding campaign on Crowdcube.
