What is DGLD?
DGLD is a digital asset representing allocated physical gold stored in a Swiss vault, and tokenized with a side-chain built on the Bitcoin network. In doing so, DGLD creates a convenient, 24/7 option for purchasing physical gold, without the middlemen.
Who is it for?
DGLD was created by CoinShares, Blockchain.com, and MKS (Switzerland) SA, for both retail and institutional gold purchasers.
For centuries, gold has played a vital role in how governments and institutions manage global economic risks, but for retail users, physical ownership of gold at any meaningful size has remained a challenge.
With DGLD, purchasers of all sizes will be able to own and secure gold just like financial giants, without the high barrier to entry of legacy options.
*DGLD is not available in the US or Canada.
How does it work?
Each DGLD token is the digital equivalent of 1/10th of a troy ounce of gold, vaulted in Switzerland. Before a new token is created, gold is allocated and placed in the vault. Then, a DGLD representing that specific gold is created and sent to a DGLD wallet.
The network is built on CommerceBlock’s Ocean sidechain platform, ensuring that every DGLD token redemption for physical gold, and transfer of tokens to another wallet, is cryptographically attested and validated via the Bitcoin blockchain.