OpenLedger has added Ethereum based gold backed crypto-token DigixDAO asset (DGD), allowing users to trade DGD for Ethereum, Bitcoin and other digital assets on its decentralized trading platform.
The latest Bitcoin rally comes along with an increase in the price of gold which has climbed as investors fret over the spreading coronavirus. Some Bitcoin analysts have pointed to geopolitical uncertainty being the cause for Bitcoin’s latest move higher.
CoinShares presented the DGLD product that is targeted at both retail and institutional clients, although most of the $20 million gold was digitized for high-net-worth clientele.
With institutions now firmly in on the game, crypto is entering a new era. This is great news for retail investors, as many of funds, derivatives, and other financial instruments are also open to individuals now.
Kirill Bezverhi, professional marketer, blockchain and crypto enthusiast, shares exclusive comments from representatives of 10 leading stablecoin projects, taking a look into market trends we will most likely see in 2019.
Digix and GoldMint, similar in purpose, but still qualitatively different projects for tokenization of gold, are designed to hedge cryptocurrency volatility and simplify the process of trading commodities.