There are risks associated with custodial lending, please do appropriate research.

Brought to you by Coinshares, MKS, Blockchain.com, Commerce Block, and Globacap.

Launched on Dec. 12, 2019, DGLD, a network with more than $20M in investment grade gold allocated in Swiss vaults and secured using Bitcoin, has launched and is now available for purchase exclusively on The PIT, Blockchain.com’s cryptocurrency exchange.

DGLD is a digital asset (token) created by CoinShares, Europe’s Largest Digital Asset Manager, Blockchain.com, the most trusted platform for cryptocurrency products, and MKS (Switzerland) SA, part of the world’s most trusted gold group. At creation, each DGLD token represents 1/10th of a troy ounce of physical gold stored in Swiss vaults for which token holders can swap or physically redeem.

The launch comes at a time when gold purchasing habits around the world are undergoing a major shift. Consumers are slowly, but steadily switching from traditional physical-ownership of gold to digital formats of gold ownership that improve liquidity, are accessible 24/7, lower storage costs, and enhance security.

Based on current market examples you can expect to earn a baseline APY around 5.5%.

DGLD is best understood as a digital proof of ownership of allocated gold. It provides the convenience of a gold ETF with the independence of physical gold ownership and the 24/7 nature of digital assets.

Before a new token is created, LBMA gold is allocated, placed in a Swiss vault, and DGLD representing that specific gold is created and sent to a DGLD wallet.

Ownership of DGLD is ‘proven’ via the Bitcoin blockchain. This simple approach unleashes gold and renders it both digitally usable and physically redeemable on GOLD AVENUE.