Europe's Most Trusted Crypto And Precious Metal Companies Partner To Create Gold Token Secured By Bitcoin Network - Seite 2

"DGLD is the natural progression of our work with gold, and gold formats at MKS. With DGLD, we've created a new format for gold ownership which makes vaulted physical gold, digitally useful, 24/7. This has the potential to profoundly change the way gold is used in every day life," said Marwan Shakarchi, Chairman of MKS (Switzerland) SA.

DGLD will first be available exclusively on The PIT, Blockchain's institutional-grade cryptocurrency exchange, later this quarter. The PIT has a diverse, global group of leading market markers and a deep lending pool to ensure constant liquidity on the platform. It is available to users in more than 200 countries, with an expansive global banking network to facilitate deposits, withdrawals, and fiat-to-crypto trading in USD, EUR, and GBP.

"For centuries, gold has played a vital role in how governments and institutions' manage global economic risks. But for retail investors, physical ownership of gold at any meaningful size has remained unattainable or their money is funneled into complex investment products," says Peter Smith, Co-founder and CEO of Blockchain. "With DGLD, global 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."

The DGLD network leverages a technology stack built on CommerceBlock's Ocean sidechain platform. CommerceBlock is a London-based blockchain infrastructure development firm building enterprise solutions on top of Bitcoin. Through CommerceBlock's MainStay attestation protocol, every DGLD token redemption for physical gold, or any transfer of tokens to another wallet is cryptographically attested and "proven" (validated) via the Bitcoin blockchain; the world's most secure network.

DGLD was designed for both retail and institutional investors, many of whom require a regulated custodian to safeguard their investments. To that end, the consortium has partnered with Globacap, the UK regulated capital markets firm to offer digital asset custody. Globacap is the first authorized custodian in Europe to provide digital asset custody for institutions with the same level of rigorous oversight and robust processes expected of a tier 1 global custodian.

ABOUT MKS (SWITZERLAND) SA
MKS (Switzerland) SA, located in Geneva, is part of the MKS PAMP GROUP and has forged a reputation as one of the world's most trusted gold dealers. The refiner and vault operator PAMP SA, located in Castel San Pietro, Switzerland, is also part of the group.