We're excited to share that Phi Wallet has officially secured a Money Services Business (MSB) License in Canada, a major milestone in our mission to connect traditional gold ownership with modern financial solutions.
With this license, Phi Wallet can now offer users seamless liquidation of gold holdings, enabling transactions through card payments, money transfers, and instant gold-backed financial services. By integrating the reliability of physical gold with digital accessibility, we aim not only to position gold as a safe haven but also to empower individuals with a secure, spendable, and borderless financial alternative.
Driving Financial Inclusion Through Innovation
"Gold has long been a trusted store of value, but accessibility has always been a challenge. Our goal at Phi Wallet is to change that by enabling anyone to use and manage gold like cash. The MSB license in Canada brings us one step closer to this vision,"said Eslam Anbar, CEO of Phi Wallet.
With a strong presence across Europe and Southeast Asia, our expansion into North America is a natural next step in making secure gold ownership globally accessible.
Fully Regulated and Sharia-Compliant Gold Ownership
We’re committed to the highest standards of security, transparency, and compliance. Our users’ assets are backed by 100% physical LBMA-certified gold, stored in top-tier vaults, and fully redeemable at any time. Thanks to blockchain technology, our platform ensures transparency, verifiability, and trust.
As a Sharia-compliant solution, we also offer an ethical and interest-free financial experience, ideal for those seeking alternatives aligned with Islamic finance principles.
Redefining Financial Freedom
Our vision goes beyond digital payments, we’re building a future where real-world asset tokenization, instant liquidity, and borderless transactions empower people to truly own and manage their wealth.
This is an exciting step forward, and we're only just getting started.
