At Digix, the current aim is to tokenize a safe haven asset that sees universal recognition and demand. In bringing this to the cryptocurrency world, they introduce an element of stability and tangible value that can be easily traded and transformed into other utilities.
DGX is a gold-backed token where 1 DGX represents 1g of 99.99% gold bullion that is stored in an independent and reputable vault and supplied by recognized precious metals dealers in Singapore. The gold ownership chain beginning from the bullion supplier, to the custodial holder and through to the independent audit process are fully public via the blockchain and IPFS document storage.
