Perth Mint's digital gold threatens $122bn in gold-backed ETFs
The Perth Mint's release of digital gold certificates for trading, holding and transferring physical gold could have profound consequences for the $US98 billion ($122.5 billion) in gold-backed exchange traded funds.
InfiniGold launched PMGT as the first digital gold token on a public blockchain backed by government guaranteed gold.
PMGT allows you to conveniently trade and hold gold stored at The Perth Mint on the blockchain. Digitally manage your entitlements over the physical gold, convert and pick up gold bullion of your choice or get it delivered globally.
For more information visit pmgt.io
InfiniGold uses proprietary technology to issue digital certificates giving investors guaranteed ownership of specific stores of physical gold stored in The Perth Mint.
InfiniGold certificates are portable, valuable and fungible. Gold is bought and sold in real time, based upon the spot price of gold at The Perth Mint.
Issued InfiniGold certificates are stored within a digital vault on the owner's mobile device. They are accessible only by the owner, and always verifiable against the Mint ledger.