Digital Gold

Digital Gold (DGLD) is a blockchain-based token that represents direct ownership of physical gold stored in insured Swiss vaults. Each DGLD token corresponds to one troy ounce of LBMA-certified gold, providing holders with a verifiable and secure digital proof of ownership. Initially launched in 2019 on a Bitcoin sidechain, DGLD transitioned to the Ethereum network in 2022 as an ERC-20 token to improve accessibility and compatibility with blockchain-based financial applications.

DGLD was developed by Gold Token SA (GTSA), a Swiss-based entity focused on hard-asset tokenisation. The project was created in collaboration with MKS PAMP Group, a global leader in precious metals, and CoinShares, a digital asset investment firm. The token is designed to provide direct ownership of physical gold without reliance on intermediaries.

DGLD enables users to own, transfer, and trade investment-grade gold in a digital format. The primary use cases include:

• Gold Investment: DGLD provides a direct, legally recognised claim to physical gold, allowing investors to gain exposure to gold’s value without dealing with storage or security concerns.
• Blockchain-Based Financial Applications: As an ERC-20 token, DGLD can be used in smart contract platforms, including lending, borrowing, and liquidity management.
• Settlement and Transfers: DGLD can be transferred across blockchain networks without reliance on traditional financial institutions.
• Physical Redemption: Holders can redeem DGLD for allocated gold, either in full gold bars or in smaller denominations through Gold Avenue, an online precious metals retailer.

The token operates with no custody or transaction fees imposed by GTSA, apart from Ethereum network gas fees.