Digital Gold (DGLD)

DGLD is a gold-backed digital token developed by a consortium of major firms in the precious metals and financial technology sectors, including CoinShares, Blockchain.com, and MKS (PAMP GROUP). Launched in 2019, the project's mission is to combine the stability and value of physical gold with the speed and convenience of a digital asset. Each DGLD token represents one-tenth of a troy ounce of physical gold, held in allocated vaults in Switzerland and redeemable upon request. The token operates on a sidechain of the Bitcoin network, aiming to provide a secure and efficient way to own and transact with gold digitally. The legal entity governing the network is the DGLD Association, based in Switzerland.