For so long as we’ve had capital markets, gold has been a trusted asset for individuals in search of to handle international financial and political dangers. Nonetheless, proudly owning gold has trade-offs. Gold purchasers both purchase artificial merchandise like ETFs for comfort (regardless of the variety of intermediaries they entail), or purchase and retailer bodily gold in a vault.

Right now, gold may be bought in a complete new means. One with comfort and safety, with out the middlemen. A means we expect you’re going to love.

We’re proud to launch DGLD, a community with greater than $20M in digitized gold, with our companions Coinshares, Europe’s Largest Digital Asset Supervisor, and MKS (Switzerland) SA, a part of the world’s most trusted gold group.

DGLD is a digital asset representing allotted bodily gold saved in a Swiss vault, and tokenized with a side-chain constructed on the Bitcoin community. In doing so, we’re empowering handy, 24/7 buying of gold, with the independence of bodily gold possession.

Who’s it for?

DGLD was designed for each retail and institutional gold purchasers.

Gold performs an important position in how governments and establishments handle international financial dangers. However for retail customers, bodily possession of gold at any significant dimension has both remained unattainable or their cash is being funneled into advanced funding merchandise.

With DGLD, international purchasers of all sizes will be capable of personal and safe gold similar to monetary giants, with out the excessive barrier to entry of legacy choices.

How does it work?

Every DGLD token is the digital equal of 1/10th of a troy ounce of gold, vaulted in Switzerland. Earlier than a brand new token is created, gold is allotted and positioned within the vault. Then, a DGLD representing that particular gold is created and despatched to a DGLD pockets. This easy strategy unleashes bodily gold and renders it each digitally usable and bodily redeemable.

The community is constructed on CommerceBlock’s Ocean sidechain platform, making certain that each DGLD token redemption for bodily gold, and switch of tokens to a different pockets, is cryptographically attested and validated by way of the Bitcoin blockchain, the world’s most safe blockchain.

How can I buy it?

DGLD will first be out there completely on The PIT, our tremendous quick crypto alternate, later this quarter.

On The PIT, customers have entry to liquidity from a various, international group of main market markers and a deep lending pool. We’ve constructed an expansive international banking community to facilitate deposits, withdrawals, and fiat-to-crypto buying and selling in USD and EUR, so you possibly can alternate fiat or crypto into gold.

It won’t be out there to customers within the US and Canada.

Why now?

Once we requested customers what property they had been most excited by including to their choices throughout our merchandise, digital gold has persistently been close to the highest of the checklist. Customers see a gold token in a goldilocks zone with each upward value potential and the value safety of stablecoins tied to international reserve currencies like US {Dollars}.

As laborious property have come again in vogue with central banks in nations like China, Russia, India, and Turkey shopping for massive portions of gold, we’re offering customers with a brand new stamp of their passport to the way forward for finance.

What’s subsequent?

We’re ending the mixing of DGLD into The PIT, and can preserve our group posted when you should purchase DGLD tokens. For extra particulars on DGLD, go to DGLD.ch.

Keep tuned for extra particulars on DGLD right here, and on our social channels @Blockchain and @BlockchainPIT.





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