Today I opened my Trust wallet app. I have a bunch of tokens held on it as a hot wallet, from Ether $ETH, Binance Coin $BNB and CanYaCoin $CAN.

Recently I had used Bancor’s dApp in Trust to swap some Ether into the DAI stable coin. The swap was seamless and very fast. Bancor’s continuous liquidity contracts are useable and very effective. Since then I had been holding some DAI $USD stablecoin in my Trust App. MakerDAO have successfully created a useable stablecoin pegged to USD.

I’m also excited that Trust plan on integrating many more blockchains and tokens, such as Bitcoin, especially now after their recent acquisition by Binance.

Scanning through the dApp browser built into Trust I saw the Kyber Network dApp. I’m a big fan of Kyber, having had $KNC since their ICO and hanging out with the Kyber team a bunch of times at conferences around the world. I am really aligned with their shared vision of decentralised liquidity.

I spotted the DGX Gold Token. Digix Global is a team based out of Singapore that have been building a tokenised version of Gold.

DGX

It has only been live since May, but so far it is has been so succesful that 1 DGX token (representing 1 gram of gold) is actually priced *higher* than the physical asset.

Check it out:

1 Gram of Gold

1 DGX has a 4.3% premium on the real asset

Digix have worked very hard to build trust into their asset tokenisation process so that there is no doubt that 1 DGX = 1 Gram of gold. If there was no trust in this, then 1 DGX would not be worth as much as the real asset.

The transfer and demurrage fees of 0.6% are built into the token trustlessly so holders do not need to concern themselves with anything whilst they hold the token. The gold bars are vaulted in Singapore and users can redeem their gold (minimum 100g) at any time.