DGLD is a digital asset representing allocated physical gold stored in a Swiss vault, and tokenized with a side-chain built on the Bitcoin network. In doing so, DGLD creates a convenient, 24/7 option for purchasing physical gold, without the middlemen. Each DGLD token is the digital equivalent of 1/10th of a troy ounce of gold, vaulted in Switzerland. Before a new token is created, LBMA gold is allocated and placed in a Swiss vault. Then, DGLD representing that specific gold is created and sent to a DGLD wallet. This simple approach unleashes physical gold and renders it both digitally usable and physically redeemable.
