This article is the definitive guide to gold-backed cryptocurrencies. It lists every active gold-backed crypto project, as well as inactive and defunct projects.
This post is presented by Lorimer Wilson, Managing Editor of munKNEE.com
Gold-backed cryptocurrency is a type of crypto stablecoin [Read: Stablecoins: What You Need To Know) where each token is backed with physical gold. With the token price pegged to the current gold price, there is less price volatility compared to Bitcoin or other altcoins.
With blockchain technology established as a secure accounting method [Read: What Is Blockchain Technology? What Are Its Current (and Future) Applications?], and with Bitcoin becoming better known to the general public, a new era of gold-backed digital currencies has emerged.[In fact,] there is a proverbial (and literal) gold rush happening in the crypto world, with numerous variations of gold-backed tokens on offer. Even countries are looking to issue their own gold-based cryptocurrency. [Read: Venezuela To Launch Cryptocurrency (the petro) Backed By Its Oil & Gas and Gold & Diamond Reserves]
The basic concept is certainly compelling. A token or coin is issued that represents a value of gold (for example 1 gram of gold equals 1 coin). The gram of gold is stored by a trusted custodian (preferably a third party), and can be traded with other coin holders.
At a minimum, the price of the coin will always equal the current gold rate. If the cryptocurrency becomes popular then the price of the coin can potentially increase in value, greater than the value of gold. If the cryptocurrency doesn’t take off then the value remains as the value of the gram of gold. It’s like a built-in stop-loss.
Below is a guide for gold-backed cryptocurrencies that are tradable on exchanges [Read: 6 Features To Look For When Choosing A Crypto Trading Platform] or that can be bought directly from the creator. [Please note that] this list continues to evolve with tokens being launched and going bust on a regular basis. The list is continually being revised, so subscribe to the weekly gold newsletter for the latest updates. Full credit for the list belongs to James Clark who is the founding editor of Goldscape.net and the source of the content of this severely edited […], abridged […] and reformatted version of the original article.
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1. AABB Gold
Name: AABB Gold (AABBG)
The AABB Gold (AABBG) token is an ERC-20 token developed on the Ethereum blockchain by Asia Broadband, Inc. All tokens sold are 100% backed by physical gold, and 1 AABBG token is equal to 0.1 grams of gold. Tokens can be traded via the AABB Wallet on either Google Play Store or Apple App Store.
2. Anthem Gold
Name: ANTHEM (AGLD)
Anthem Gold is a cryptocurrency developed by Anthem Vault Inc. Each ANTHEM (AGLD) is backed by one gram of physical gold, securely vaulted with a nonbank operator and fully insured. The AGLD token launched in April 2019.
Name: AurusGOLD (AWG)
Location: Cardiff, UK.
AurusGOLD (AWG) is a gold-backed token. Each AWG token is fully backed by and redeemable for 1 gram of 99.99% LBMA-accredited gold, held in insured and audited vaults. 50% of the fees generated from AWG are distributed to the holders of AurusDeFi (AWX).
4. Bigboys Industry
Name: Bigboys Industry (BBI)
Bigboys Industry BBI token is an open protocol gold mining project created by VEWC (Via East West Capital). BBI tokens represent the value of physical gold in several gold mines. Investors can redeem these tokens for their gold equivalent at any verified partner bank.
Name: BlockNote (BNO)
Location: Tallinn, Estonia.
BlockNote is a 100% physical gold backed cryptocurrency regulated within the European Union. Each BlockNote equals 0.01g and gets credited to the client’s individual gold deposit account. Physical investment gold is purchased through a UK-based LBMA member, and is vaulted and insured in Zurich, Switzerland.
Name: BlockStock (BSO)
Location: Tallinn, Estonia.
BlockStock is BlockBen’s technical cryptocurrency responsible for every transaction validation that occurs on the BlockBen platform. BlockStock has an initial 10% gold-backing, with potential growth from the commission from fees of transactions on the BlockBen platform. The system credits commission in gold and places it into a common gold pool, which will be divided equally among BlockStocks.
One CACHE Gold token is equivalent to one gram of gold. Each token is backed by physical gold securely stored in a vault. All gold is audited and insured. Gold backing CACHE Gold tokens is publicly verifiable at any time by visiting the CACHE Explorer.
Name: DGLD (DGLD)
Each DGLD token represents ownership of 1/10th of a fine troy ounce of gold. Prior to the creation of a new token, London Bullion Market Association (LBMA) certified London Good Delivery gold is allocated and placed in PAMP’s Swiss vaults. Then, DGLD representing that specific gold is created and sent to a DGLD whitelisted wallet.
9. Digital Gold
Name: Digital Gold (GOLD)
Location: St. Vincent and Grenadines.
GOLD token is a stablecoin backed by real gold bars stored in secure and auditable vault storage at BullionStar. One GOLD token equals 1 gram of physical gold. The token is based on the Ethereum blockchain (ERC-20 standard) and is issued and operated by the DIGITAL GOLD LTD company.
10. Digix [Digix: This New Crypto-currency Is Backed By Gold!]
Name: Digix (DGX)
Location: 32 Carpenter Street, Singapore.
1 DGX represents 1 gram of gold. Every gold bar backing DGX is always openly verifiable by the public, 24/7, with blockchain technology. Digix vaults, located in Singapore and Canada, are accredited members of the Bullion Association and are fully insured.
Name: Ekon (EKG)
Ekon is a stable coin developed by Eidoo that is 100% backed by physical gold. Each Ekon token corresponds to 1 gram of gold 999. Ekon is an ERC20 token and you can collect them within the Eidoo wallet.
Name: FineBit (FBT)
FineBit Token will store a value of physical gold from their gold mines, and every owner has the opportunity to exchange their value in FineBit for the equivalent in physical gold (bars/coins/nuggets). FineBit Token is built on BEP20 (Binance Smart Chain).
Name: G-Coin (XGC)
Location: Santa Clara CA, USA
G-Coin is a digital token backed by responsibly sourced, physical gold. One G-Coin token represents digital ownership of one gram of conflict-free gold stored in an approved vault. Using blockchain technology, responsibly sourced gold is tracked from mine to vault and then digitized into G-Coin tokens.
Name: Globcoin (GLX)
Location: Zug, Switzerland.
Globcoin is a stablecoin backed by a basket of fiat currencies basket from 15 countries in addition to gold.
Location: Chiasso, Switzerland.
Goldenugget is a crypto platform that allows its token (GNTO) holders to purchase or Dutch auction its mined gold.
Name: GoldFinX (GiX)
GoldFinX (GiX) provides financing to Artisanal Small Gold Mines (ASGM) worldwide and gets in exchange a share of their production. The first production of gold will be delivered by Q4 2019 and will accumulate as well as stored indefinitely to protect the value of the GiX coin.
Name: GOLDFUND (GFUN)
GOLDFUND (GFUN) helps near term precious metals producers get into production by providing the capital they need. In return, GOLDFUND is rewarded with part of the production, and made available for purchase with purchased GFUN coins on the ZOMIA Gold Exchange.
Name: GoldMint (MNTP)
Location: Moscow, Russia.
GoldMint offers pawnshop loans secured by gold in Proof of Stake blockchain. The GoldMint platform is built on a private blockchain, based on the Graphene technology.
Name: GoldPesa ($GPX)
Location: Dubai, U.A.E.
GoldPesa ($GPX) is a tokenised gold-backed structured product on the Ethereum network. $GPX is backed by 1g of PAXG which in turn is backed by 1g of physical gold.
20. Gold Standard
Name: Gold Standard (AUS)
Location: Brisbane, Australia.
The Gold Standard AUS token equals 1 Gram of pure gold bullion. Real bullion is securely stored at Reserve Vault, verified by BDO, and fully insured. This token is by Ainslie Wealth, a leading Australian bullion dealer since 1974.
Name: Gold (GOLDX) Exchange
GOLDX is a gold stablecoin offered by eToroX from the eToro Group. The GOLDX price is pegged to one ounce of gold, and trading pairs include GOLDX/BTC and GOLDX/USDEX. While this is a stablecoin, it’s not a true gold-backed cryptocurrency as the amount of GOLDX coins doesn’t correlate to an allocated gold reserve. Read more at etoro-digital-assets.com
Name: Gold Secured Currency (GSX)
Gold Secured Currency is asset-backed by gold and gold-rich land in Zimbabwe. The value of the token will increase as assets are added, and it also pays yearly dividends. It is set up by Apollo Fintech.
Name: IXIGOLD (IXIGL)
IXIGOLD crypto coin is backed by Platinum Group of Metals. Every single IXIGOLD purchase is fully backed by gold claim called New Castle Mine in Lincoln County, Nevada.
Name: Ixinium (XXA)
Ixinium is a cryptocurrency on the Stellar network, backed with physical precious metal holdings by the Ixinium Foundation.
Name: Jinbi (JNB)
Location: London, UK.
Jinbi is a UK and Belarus token backed by an increasing physical gold floor from the production of gold by the mining partner. Jinbi will create liquidity events following production milestones whereby each coin holder will receive a dividend payable in physical gold or Jinbi Token (JNB). All other funds are reinvested back into Jinbi to continue further gold production.
26. Kinesis (News Flash: Your Gold & Silver Will Earn A Passive Yield With the Kinesis Monetary System)
Name: Kinesis (KAU)
Location: Cayman Islands.
Each Kinesis coin represents physical precious metal allocated on a 1:1 basis (1g gold = 1 KAU). Bullion is purchased simultaneously when a Kinesis coin is minted and each coin has bullion directly allocated to it from the moment of being minted into the Kinesis system, for the life of the coin.
27. Maya Preferred 223
Name: Maya Preferred 223 (MAPR)
Maya Preferred 223 (MAPR) is U. K. Financial Ltd.’s ERC 23 token built on the Ethereum Classic blockchain. Maya Preferred will be backed with precious metal assets of gold and silver mine reserves in Mexico. The tokens business plan involves adding more mining assets for backing and thus adding value to itself over time.
Name: Novem (NNN)
Location: Vaduz, Liechtenstein.
Using the NEO blockchain platform, Novem has created two cryptocurrency tokens: 999.9 (NNN, gold-backed token), with 100 tokens equals 1 gram of gold and tied to the gold price. A utility token (NOVEM – NVM) is used to pay for services and trading costs relating to the 999.9 gold token. Novem AG is based in Liechtenstein and their gold reserves are stored in Frankfurt, Germany by Loomis. Tokens can be bought via their website, and the NNN token will soon be published on cryptocurrency exchanges.
Name: OneGram Coin (OGC)
Location: 2E MO17 East Side, DAFZ, Dubai, United Arab Emirates.
Each OneGram Coin (OGC) is backed by one gram of gold and is Sharia-compliant Read: New Shariah Gold Standard Now Gives 1.6 Billion Muslims Greater Access to the Gold Market ]. Gold is held in vaults located within Dubai Airport’s high-security compound, and managed by OneGram’s partner GoldGuard – a Dubai-based gold trading company.
Name: Oropocket (ORO)
Location: New Delhi, India.
Oropocket is a universal fintech investment platform built on blockchain. Tokenised assets are 100% insured, backed by an actual physical asset and held by a custodian, and never held by the company. 1 GOLD token represents 1 gram of 24 Carat 999 Purity Gold held in the vault.
31. PAX Gold
Name: PAX Gold (PAXG)
Location: New York, USA.
PAX Gold (PAXG) is a digital asset where one token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s gold vaults. Anyone who owns PAXG owns the underlying physical gold, held in custody by Paxos Trust Company.
32. Perth Mint Gold Token
Name: Perth Mint Gold Token (PMGT)
Location: Sydney, Australia.
PMGT is the first digital gold token on a public blockchain backed by government-guaranteed gold. PMGT allows you to trade and hold gold stored at The Perth Mint on the blockchain. PMGT tokenises GoldPass certificates, where 1 PMGT = 1 oz GoldPass certificate = 1 oz pure physical gold. PMGT may be exchanged for GoldPass certificates. Equally GoldPass certificates may be exchanged for PMGT. In each direction, the exchange rate is 1:1. The exchange is performed by Trovio, and no exchange fee applies.
33. Pyrrhos Gold
Name: Pyrrhos Gold (PGOLD)
Location: Sliema, Malta
Pyrrhos Gold (PGOLD) is an asset-backed token where one thousand tokens represent one gram of gold bar, stored in professional vault facilities. Anyone who owns ERC-20 Ethereum-based PGOLD has ownership rights to that gold under the custody of Pyrrhos Trust Company.
34. Tether Gold
Name: Tether Gold (XAUt)
Tether Gold (XAUt) is a gold-backed stable coin launched by the fiat-backed Tether. Tether Gold is a digital asset pegged to physical gold (XAU) issued by TG Commodities Limited. One XAUt token represents one troy fine ounce of gold on a London Good Delivery gold bar. XAUt tokens will be capable of being fractionalized up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounces). Gold is fully accountable and held in a Switzerland vault.
35. TPX Gold
Name: TPX Gold (TPX)
Location: Birmingham, UK.
TPX Gold is gold registered and traded on the blockchain. 1 TPX equals 1 gram of gold. All gold is London Bullion Market Association (LBMA) approved 999.9 fine gold, stored by Brinks and fully insured by Lloyds of London.
36. TrueGoldCoin (TGC)
Name: TrueGoldCoin (TGC)
Location: Charlestown, Saint Kitts and Nevis.
TrueGoldCoin holds titles for more than 1,800 hectares of mining rights in Colombia. The company that owns True Gold Coin has the license to issue TrueGoldCoin tokens up to a maximum of 10% of the gold reserves held by the trust.
37. Universal Gold
Name: Universal Gold (UPXAU)
UPXAU is tokenized government-backed gold with zero custody fees leveraging the efficiency and transparency of blockchain. Each UPXAU token represents 1 troy oz (31.10348 grams) of pure physical gold held at the Perth Mint in Western Australia, each certificated by 1 GoldPass Gold certificate. Value substantiation is published on the Ethereum blockchain in a transparent process audited by renowned blockchain security firm CertiK.
38. USGold -[GOLDUSA Security Tokens: the Latest In Disruptive Capital-Raising Technology]
Name: USGold (USG)
USGold (USG) are fully collateralized 1:1 with American Gold Eagle coins. Held in trust and redeemable anytime at redeemusg.com.
Name: VeraOne (VRO)
VeraOne is an ERC20 token based exclusively on gold which is stored in highly secure zones on the basis of a full (100%) counterpart, that is regularly audited by trusted third parties. The VRO price is equal to one gram of physical gold (XAUEURG).
If you are ready to buy a gold-backed cryptocurrency, you will most likely need to buy it with Bitcoin or Ethereum. For ICO purchases, Ethereum might be the only payment available if the token is running on Ethereum. You can buy Bitcoin and Ethereum at Binance (the world’s largest crypto exchange), and then send the funds as per the instructions given by the gold token you are buying. For more information, read the guide on how to buy gold-backed cryptocurrency.
The above list is being updated regularly, and any changes are posted in the weekly gold newsletter. Subscribe to the newsletter for gold and gold-backed cryptocurrency news.
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There are many more gold-backed cryptos than I was aware of, but I still have to ask how durable, dependable, and secure they are. I continue to be bothered by cryptos being “Internet Money,” which is fine as long as the
grid and the Internet are powered up.