Kyber Network will be listing the Digix gold token, DGX, on 4th May 2018, 9pm SGT.

Leveraging the immutability, transparency, and auditability of blockchain technology, Digix is tokenising gold on the Ethereum blockchain in order to provide a trusted stablecoin to the ecosystem. Gold has consistently proven to be a reliable long-term safe haven asset. By tokenising gold, Digix aims to democratise access to gold on the blockchain.

The safety of stablecoins like DGX combined with the trustlessness of decentralized exchanges (DEX) like Kyber Network, holds the potential to revolutionise our economy. DEX will be a foundational part of the blockchain movement, as they allow for safe and transparent trading. Cross-chain conversion services like Kyber Network aim to connect all types of businesses using different blockchains to make the crypto-economy as accessible and as interconnected as possible. Now that Kyber Network is listing stablecoins like DGX, DEX will be increasingly accessible and inclusive, an important step toward mainstream adoption.

DGX has recently been released on April 8 in its 2.0 iteration at zero demurrage fees for the first year of launch, after the 1.0 beta that was released 2 years ago. DGX tokens are backed by 99.99% gold cast bars from London Bullion Market Association (LBMA)-approved refiners, where 1 token is backed by 1 gram of gold. DGX tokens can be tracked here on Etherscan. As DGX becomes increasingly integrated into many different platforms, Digix is confident that this attests to the opportunities for a stablecoin that is backed by a physical asset.

Digix is an asset tokenisation company with an aim of tokenising real world assets through its Proof of Provenance (PoP) protocol which ensures the legitimacy and transparency of the process through which gold bullion is represented digitally. Digix is incorporated in Singapore and was the first company in the world to launch a crowdsale on the Ethereum blockchain in early 2016.