Founded in Singapore in Dec 2014
DigixDAO (DGD) is building a decentralized autonomous organization (DAO) that specializes in the tokenization of physical assets. The project provides the infrastructure to create tokens backed by physical assets on the blockchain. To wit, it allows for the public verification of an asset’s existence through its chain of custody via its Proof of Provenance (PoP) protocol, which makes use of the Ethereum network and the Interplanetary File System (IPFS).
Digix also offers an API that enables other applications to be built on top of its asset tokenization service.
The company reportedly procures its gold from LBMA-approved refiners. For security, Digix includes third-party auditing from Bureau Veritas. The DGD crowdsale in Mar 2016 was the first crowdsale and major DAO hosted on the Ethereum network.
DIGIX has 2 types of cryptocurrencies
- Digix Gold (DGX) - The Finest Gold Tokenized. DGX is a digital token backed by 99.99% gold cast bars from London Bullion Market Association-approved refiners. Built on the Ethereum blockchain, DGX is the digital representation of physical gold. We carry only gold of the highest quality, using 100-gram swiss gold bars from world-class refineries such as Valcambi, Produits Artistiques Metaux Precieux (PAMP), Metalor. Our custodian vault is The Safe House Singapore. Gold has always been a safe haven asset. As such, DGX will always be a stable store of value that is cryptographically secure. You can transact with an ease of mind, trusting in the transparency and security of our business.
- DigixDAO (DGD) aims to be a self-organising community on the Ethereum blockchain that actively involves its token holders in decision making and shaping the direction of the asset tokenisation business. Potential proposal ideas could include making music videos about Digix, accepting DGX as payment method in their cafe, starting a Digix cafe, amongst many possible ideas.
Digix Technologies Private Limited
6 Eu Tong Sen Street #07-10, Singapore 059817