The new digital gold token (symbol “DGT”) was announced on 6th of June. This is a new capability that is being offered by DDX Global, in partnership with leading South African gold dealer, Unlock Bullion SA.

The DGT represents 1% of a gold Kruger Rand, one of the best known gold coins in the market. Clients can purchase any number of DGT (although volumes are limited during Beta) and can store them in the DDX Vault or choose to take personal ownership.

DDX Global is a tokenisation consultancy who work with partners to bring to market a variety of tokenised assets. The company is based in Dubai is working on a number of exciting real estate projects alongside its focus on gold as a stable asset backing a crypto-token.

DDX Global DMCC has been chosen as the name for a new consultancy to develop world leading propositions in the asset tokenisation space. The initial focus of the business will be to prove the tokenisation case using a small asset (a gold coin) before moving onto larger assets in the construction sector. The company expects to have 2-3 large projects underway by the end of 2023.

DDX is completing the formation process in the DMCC freezone in Dubai expecting to be granted licences by the end of July.