DigixGlobal Private Limited is solely engaged in traditional bullion retailing and custodial services. It allows users to purchase gold bars with virtual currencies, and thereafter have their accompanying receipts and documentations represented as digital assets in their Ethereum Wallets. The major difference between us and other bullion dealers and custodians, is that we do not keep such records in a private server, nor on the cloud, but on IPFS and the Ethereum blockchain. This very difference increases IT security and mitigates software hacks, malicious changing of customer data and data loss, since all documents, once uploaded, is permanent, immutable and fully verifiable with an internet connection.

Detailed information of our asset shadowing protocol can be found in our whitepaper.

DigixGlobal developers created DigixDAO. DigixDAO is a fully onchain software product that allows for decentralized governance. DigixDAO is aimed at making digital gold the default payment system and integrations to future DApps on Ethereum. DigixGlobal Private Limited and its developers will work with DigixDAO in a symbiotic relationship to make this a reality.

We hope the community sees the need for a digital gold payment standard on Ethereum. DigixDAO can only achieve this with the help of individuals who believe in having digital gold used for payments and Dapp integrations on Ethereum.