Establishes gold and silver transactional currency system; designates Commissioner of Banking and Insurance as administrator; provides legal tender status; authorizes fees.

This bill establishes a voluntary electronic currency system in New Jersey backed by gold and silver bullion, managed by the Commissioner of Banking and Insurance. The system allows users to purchase digital units representing fractions of a troy ounce of precious metal, which can be used for payments or transferred electronically (with voluntary acceptance by merchants or individuals). It also designates qualifying physical gold and silver coins (meeting specific weight, purity, and marking requirements) as legal tender for debt payments, while providing redemption options for electronic currency holders to receive U.S. dollars or physical metal. The Commissioner may charge administrative fees for transactions, with proceeds deposited into the state General Fund.