Gold-backed cryptocurrency is a type of crypto stablecoin where each token is backed with physical gold. With the token price pegged to the current gold price, there is less price volatility compared to Bitcoin or other altcoins.
The largest stablecoin (by market capitalization) is Tether (USDT), where 1 Tether token is in theory backed by 1 USD. Technically any asset could be used as backing for a cryptocurrency, but gold is the most obvious choice after fiat currency.
Bitcoin has been described by crypto enthusiasts as the new gold, and in 2017 the price of 1 Bitcoin reached parity with gold (by ounce in USD). It was around this time there was a surge in interest with the concept of gold-backed cryptocurrencies. It’s now become a popular way to buy gold online.
This article is the definitive guide to gold-backed cryptocurrencies. It lists every active gold-backed crypto project, as well as inactive and defunct projects.
- A brief history of digital gold currency
- Gold-backed cryptocurrency directory
- Gold-backed cryptocurrencies
- Initial Coin Offering (ICO)
- In development
- Status unknown
- Crypto graveyard: cancelled / closed / other
- How to buy gold-backed cryptocurrency
- Cryptocurrencies that aren’t gold-backed
- Gold-backed cryptocurrency news
A brief history of digital gold currency
The idea of a digital gold currency as an alternative payment system is almost as old as the internet itself. Not long after the internet went mainstream, E-Gold emerged in 1995 as the first digital currency backed entirely by gold. At its peak, millions of people around the world were using this service until it was shut down.
Other attempts to make a digital gold currency have been made, but this was before the age of Bitcoin. With blockchain technology established as a secure accounting method, and with Bitcoin becoming better known to the general public, a new era of gold-backed digital currencies has emerged.
There is a proverbial (and literal) gold rush happening in the crypto world, with numerous variations of gold-backed tokens on offer. Even countries are looking to issue their own gold-based cryptocurrency.
The basic concept is certainly compelling. A token or coin is issued that represents a value of gold (for example 1 gram of gold equals 1 coin). The gram of gold is stored by a trusted custodian (preferably a third party), and can be traded with other coin holders.
At a minimum, the price of the coin will always equal the current gold rate. If the cryptocurrency becomes popular then the price of the coin can potentially increase in value, greater than the value of gold. If the cryptocurrency doesn’t take off then the value remains as the value of the gram of gold. It’s like a built-in stop-loss.
There are of course risks as well. While the blockchain accounts for the coins, accounting for physical stored gold is another matter. When evaluating such tokens, look for who actually owns the gold and how it is stored. Is there actual gold, or is it like a gold ETF where it’s just tracking the price of gold?
In this regard our online gold partner BullionVault as a good example of accountable gold storage. When evaluating a gold crypto make sure that you own the gold. As you will discover in this article, there are many coins that are now buried in the crypto graveyard. If the gold is not legally owned by the crypto developer then they can’t take the gold if they go out of business.
Update: This list continues to evolve with tokens being launched and going bust on a regular basis. The list is continually being revised, so subscribe to the weekly gold newsletter for the latest updates. The newsletter covers the most important gold news of the week, gold price updates and gold price forecasts.
Gold-backed cryptocurrency directory
This is a current list of gold-backed cryptocurrencies. This is a directory and not an editorial endorsement, so research all of the alternatives before investing. Some of the cryptocurrencies listed here don’t detail how they store and account for gold either, so proceed with caution. Any questions regarding each coin should be referred to their social media channel or forum listing.
This is a guide for gold-backed cryptocurrencies that are tradable on exchanges or that can be bought directly from the creator. There are hundreds of cryptocurrency exchanges, but not all exchanges list all tokens. The token website will list how to buy and sell.
Here is the list of all gold-backed cryptocurrencies.
Name: AABB Gold (AABBG)
The AABB Gold (AABBG) token is an ERC-20 token developed on the Ethereum blockchain by Asia Broadband, Inc. All tokens sold are 100% backed by physical gold, and 1 AABBG token is equal to 0.1 grams of gold. Tokens can be traded via the AABB Wallet on either Google Play Store or Apple App Store.
Name: ANTHEM (AGLD)
Anthem Gold is a cryptocurrency developed by Anthem Vault Inc. Each ANTHEM (AGLD) is backed by one gram of physical gold, securely vaulted with a nonbank operator and fully insured. The AGLD token launched in April 2019.
AGLD can be bought on the Anthem Gold Edge Wallet.
Name: AurusGOLD (AWG)
Location: Cardiff, UK.
AurusGOLD (AWG) is a 100% gold-backed cryptocurrency. Each AWG token is fully collateralized with 1 gram of physical gold, stored in partnered, fully audited and insured vaults. AWG is redeemable for physical gold at any time. Aurus charges a modest transaction fee of 0.015% or 0.05 AWG (whichever is greater) to the initiator of each AWG transaction.
Exchanges with AWG
Full list of where to buy AWG.
Name: Bigboys Industry (BBI)
Bigboys Industry BBI token is an open protocol gold mining project created by VEWC (Via East West Capital). BBI tokens represent the value of physical gold in several gold mines. Investors can redeem these tokens for their gold equivalent at any verified partner bank.
Name: BlockNote (BNO)
Location: Tallinn, Estonia.
BlockNote is a 100% physical gold backed cryptocurrency regulated within the European Union. Each BlockNote equals 0.01g and gets credited to the client’s individual gold deposit account. Physical investment gold is purchased through a UK-based LBMA member, and is vaulted and insured in Zurich, Switzerland.
BlockNote runs on an inhouse blockchain platform called BlockBen. The platform works as a secure database structure, a blockchain, virtual wallet, infrastructure, validates transactions and smart contracts.
Exchanges with BNO
Name: BlockStock (BSO)
Location: Tallinn, Estonia.
BlockStock is BlockBen’s technical cryptocurrency responsible for every transaction validation that occurs on the BlockBen platform. BlockStock has an initial 10% gold-backing, with potential growth from the commission from fees of transactions on the BlockBen platform. The system credits commission in gold and places it into a common gold pool, which will be divided equally among BlockStocks.
Exchanges with BSO
One CACHE Gold token is equivalent to one gram of gold. Each token is backed by physical gold securely stored in a vault. All gold is audited and insured. Gold backing CACHE Gold tokens is publicly verifiable at any time by visiting the CACHE Explorer.
Name: Cash Telex (CTLX)
Cash Telex (CTLX coin) is directly pegged to a diversified fund of real assets (gold, diamond, silver and real estate).
Exchanges with CTLX
Cash Telex Exchange
Name: DGLD (DGLD)
Each DGLD token represents ownership of 1/10th of a fine troy ounce of gold. Prior to the creation of a new token, London Bullion Market Association (LBMA) certified London Good Delivery gold is allocated and placed in PAMP’s Swiss vaults. Then, DGLD representing that specific gold is created and sent to a DGLD whitelisted wallet.
DGLD was created by a consortium comprising of CoinShares, Blockchain, and MKS (Switzerland) SA.
Exchanges with DGLD
Name: Digital Gold (GOLD)
Location: St. Vincent and Grenadines.
GOLD token is a stablecoin backed by real gold bars stored in secure and auditable vault storage at BullionStar. One GOLD token equals 1 gram of physical gold. The token is based on the Ethereum blockchain (ERC-20 standard) and is issued and operated by the DIGITAL GOLD LTD company.
Exchanges with GOLD
Name: Digix (DGX)
Location: 32 Carpenter Street, Singapore.
1 DGX represents 1 gram of gold. Every gold bar backing DGX is always openly verifiable by the public, 24/7, with blockchain technology. Digix vaults, located in Singapore and Canada, are accredited members of the Bullion Association and are fully insured.
Name: Ekon (EKG)
Ekon is a stable coin developed by Eidoo that is 100% backed by physical gold. Each Ekon token corresponds to 1 gram of gold 999. Ekon is an ERC20 token and you can collect them within the Eidoo wallet.
Name: FineBit (FBT)
FineBit Token will store a value of physical gold from their gold mines, and every owner has the opportunity to exchange their value in FineBit for the equivalent in physical gold (bars/coins/nuggets). FineBit Token is built on BEP20 (Binance Smart Chain) .
Name: G-Coin (XGC)
Location: Santa Clara CA, USA
G-Coin is a digital token backed by responsibly sourced, physical gold. One G-Coin token represents digital ownership of one gram of conflict-free gold stored in an approved vault. Using blockchain technology, responsibly sourced gold is tracked from mine to vault and then digitized into G-Coin tokens.
G-Coin is available through the G-Coin wallet app.
Name: Globcoin (GLX)
Location: Zug, Switzerland.
Globcoin is a stablecoin backed by a basket of fiat currencies basket from 15 countries in addition to gold.
Exchanges with GLX
Location: Chiasso, Switzerland.
Goldenugget is a crypto platform that allows its token (GNTO) holders to purchase or Dutch auction its mined gold.
Read more here: Goldenugget: A New Stablecoin Pegged To Real Gold.
Exchanges with GNTO
Name: GoldFinX (GiX)
GoldFinX (GiX) provides financing to Artisanal Small Gold Mines (ASGM) worldwide and gets in exchange a share of their production. The first production of gold will be delivered by Q4 2019 and will accumulate as well as stored indefinitely to protect the value of the GiX coin.
Exchanges with GiX
Name: GOLDFUND (GFUN)
GOLDFUND (GFUN) helps near term precious metals producers get into production by providing the capital they need. In return, GOLDFUND is rewarded with part of the production, and made available for purchase with purchased GFUN coins on the ZOMIA Gold Exchange.
Exchanges with GFUN
Name: GoldMint (MNTP)
Location: Moscow, Russia.
GoldMint offers pawnshop loans secured by gold in Proof of Stake blockchain. The GoldMint platform is built on a private blockchain, based on the Graphene technology.
Name: Gold Standard (AUS)
Location: Brisbane, Australia.
The Gold Standard AUS token equals 1 Gram of pure gold bullion. Real bullion is securely stored at Reserve Vault, verified by BDO, and fully insured. This token is by Ainslie Wealth, a leading Australian bullion dealer since 1974.
Exchanges with AUS
Name: Gold (GOLDX) Exchange
GOLDX is a gold stablecoin offered by eToroX from the eToro Group. The GOLDX price is pegged to one ounce of gold, and trading pairs include GOLDX/BTC and GOLDX/USDEX.
While this is a stablecoin, it’s not a true gold-backed cryptocurrency as the amount of GOLDX coins doesn’t correlate to an allocated gold reserve. Read more at etoro-digital-assets.com
Name: Gold Secured Currency (GSX)
Gold Secured Currency is asset-backed by gold and gold-rich land in Zimbabwe. The value of the token will increase as assets are added, and it also pays yearly dividends. It is set up by Apollo Fintech.
Buy GSX coin with a Apollo Fintech CDE Account.
Name: IXIGOLD (IXIGL)
IXIGOLD crypto coin is backed by Platinum Group of Metals. Every single IXIGOLD purchase is fully backed by gold claim called New Castle Mine in Lincoln County, Nevada.
Name: Jinbi (JNB)
Location: London, UK.
Jinbi is a UK and Belarus token backed by an increasing physical gold floor from the production of gold by the mining partner. Jinbi will create liquidity events following production milestones whereby each coin holder will receive a dividend payable in physical gold or Jinbi Token (JNB). All other funds are reinvested back into Jinbi to continue further gold production.
Exchanges with JNB
Name: Kinesis (KAU)
Location: Cayman Islands.
Each Kinesis coin represents physical precious metal allocated on a 1:1 basis (1g gold = 1 KAU). Bullion is purchased simultaneously when a Kinesis coin is minted and each coin has bullion directly allocated to it from the moment of being minted into the Kinesis system, for the life of the coin.
KAU is available through the Kinesis Exchange.
Maya Preferred 223
Name: Maya Preferred 223 (MAPR)
Maya Preferred 223 (MAPR) is U. K. Financial Ltd.’s ERC 23 token built on the Ethereum Classic blockchain. Maya Preferred will be backed with precious metal assets of gold and silver mine reserves in Mexico. The tokens business plan involves adding more mining assets for backing and thus adding value to itself over time.
Name: Novem (NNN)
Location: Vaduz, Liechtenstein.
Using the NEO blockchain platform, Novem has created two cryptocurrency tokens: 999.9 (NNN, gold-backed token), with 100 tokens equals 1 gram of gold and tied to the gold price. A utility token (NOVEM – NVM) is used to pay for services and trading costs relating to the 999.9 gold token.
Novem AG is based in Liechtenstein and their gold reserves are stored in Frankfurt, Germany by Loomis.
Tokens can be bought via their website, and the NNN token will soon be published on cryptocurrency exchanges.
Name: OneGram Coin (OGC)
Location: 2E MO17 East Side, DAFZ, Dubai, United Arab Emirates.
Each OneGram Coin (OGC) is backed by one gram of gold and is Sharia-compliant. Gold is held in vaults located within Dubai Airport’s high-security compound, and managed by OneGram’s partner GoldGuard – a Dubai-based gold trading company.
There is a maximum of 12,400,786 OGC available, and unsold coins will be permanently destroyed after the Initial Coin Offering.
OneGram is listed on its own virtual exchange at Huulk.
Name: Oropocket (ORO)
Location: New Delhi, India.
Oropocket is a universal fintech investment platform built on blockchain. Tokenised assets are 100% insured, backed by an actual physical asset and held by a custodian, and never held by the company. 1 GOLD token represents 1 gram of 24 Carat 999 Purity Gold held in the vault.
Name: PAX Gold (PAXG)
Location: New York, USA.
PAX Gold (PAXG) is a digital asset where one token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s gold vaults. Anyone who owns PAXG owns the underlying physical gold, held in custody by Paxos Trust Company.
Exchanges with PAXG
Perth Mint Gold Token
Name: Perth Mint Gold Token (PMGT)
Location: Sydney, Australia.
PMGT is the first digital gold token on a public blockchain backed by government-guaranteed gold.
PMGT allows you to trade and hold gold stored at The Perth Mint on the blockchain. PMGT tokenises GoldPass certificates, where 1 PMGT = 1 oz GoldPass certificate = 1 oz pure physical gold. PMGT may be exchanged for GoldPass certificates. Equally GoldPass certificates may be exchanged for PMGT. In each direction, the exchange rate is 1:1. The exchange is performed by Trovio, and no exchange fee applies.
Exchanges with PMGT
Name: Pyrrhos Gold (PGOLD)
Location: Sliema, Malta
Pyrrhos Gold (PGOLD) is an asset-backed token where thousand token represents one gram of gold bar, stored in professional vault facilities. Anyone who owns ERC-20 Ethereum-based PGOLD has ownership rights to that gold under the custody of Pyrrhos Trust Company.
Exchanges with PGOLD
Name: Tether Gold (XAUt)
Tether Gold (XAUt) is a gold-backed stable coin launched by the fiat-backed Tether. Tether Gold is a digital asset pegged to physical gold (XAU) issued by TG Commodities Limited. One XAUt token represents one troy fine ounce of gold on a London Good Delivery gold bar. XAUt tokens will be capable of being fractionalized up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounces). Gold is fully accountable and held in a Switzerland vault.
Exchanges with XAUt
The Midas Touch Gold
Name: The Midas Touch Gold (TMTG)
Location: Seoul, South Korea.
The TMTG Project is composed of three main elements:
TMTG Tokens:TMTG coins is as a utility token, are used only as a means of purchasing virtual currency on the DGE platform.
MDG Tokens: MDG is a token that is only tradable on the DGE platform which is pegged to 1g of gold as a certificate. MDG Tokens can be purchased on the DGE Platform with TMTG Tokens.
Digital Gold Exchange (DGE): DGE is an online exchange where TMTG tokens can be used to purchase MDG Tokens or real gold.
Name: TPX Gold (TPX)
Location: Birmingham, UK.
TPX Gold is gold registered and traded on the blockchain. 1 TPX equals 1 gram of gold. All gold is London Bullion Market Association (LBMA) approved 999.9 fine gold, stored by Brinks and fully insured by Lloyds of London.
Name: TrueGoldCoin (TGC)
Location: Charlestown, Saint Kitts and Nevis.
TrueGoldCoin holds titles for more than 1,800 hectares of mining rights in Colombia. The company that owns True Gold Coin has the license to issue TrueGoldCoin tokens up to a maximum of 10% of the gold reserves held by the trust.
Exchanges with TGC
Name: Universal Gold (UPXAU)
UPXAU is tokenized government-backed gold with zero custody fees leveraging the efficiency and transparency of blockchain. Each UPXAU token represents 1 troy oz (31.10348 grams) of pure physical gold held at the Perth Mint in Western Australia, each certificated by 1 GoldPass Gold certificate. Value substantiation is published on the Ethereum blockchain in a transparent process audited by renowned blockchain security firm CertiK.
Exchanges with UPXAU
Name: USGold (USG)
USGold (USG) are fully collateralized 1:1 with American Gold Eagle coins. Held in trust and redeemable anytime at redeemusg.com.
Find exchange updates at buyusgold.com/buy-usg.
Name: VeraOne (VRO)
VeraOne is an ERC20 token based exclusively on gold which is stored in highly secure zones on the basis of a full (100%) counterpart, that is regularly audited by trusted third parties. The VRO price is equal to one gram of physical gold (XAUEURG).
You can buy and sell VRO on the VRO Wallet.
Name: Xaurum (XAUR)
Location: Crystal Palace, BTC City, Ameriška ulica 8, Ljubljana, Slovenia
Xaurum is coined by exchanging the mined value for physical gold, stored as the CommonWealth gold reserves. It was first coined on a PoS Blackcoin blockchain, and has transitioned to Ethereum.
Exchanges with XAUR
Initial Coin Offering (ICO)
An Initial Coin Offering (ICO) is how a new cryptocurrency raises money for its startup. A token is given a set rate, and there are often bonuses for early buyers.
JP Gold Coin
Name: JP Gold Coin (JPGC)
Location: Ikeja – Lagos, Nigeria.
JP Gold Coin is a digital coin on Ethereum blockchain technology, and the token will be backed by the gold mined from our various gold mining sites in Africa.
Name: ACU Gold (ACUG)
Location: Hong Kong.
ACU Gold (ACUG) is the digital version of premium and universally recognized high-purity physical gold, offered by ADL in partnership with ACU Bullion Limited – a member of Chinese Gold and Silver Exchange. Every ACUG token represents one ounce of physical gold of the designated bar.
Name: AgAu (?)
Location: Zug, Switzerland.
AgAu gets its name from the symbol for the chemical elements argentum, for silver, and aurum, for gold. AgAu is fully decentralised ownership of cryptocurrencies 100% backed by physical and allocated gold and silver. 1 AgAu Gold token = 1 g of LBMA Gold, and 1 AgAu Silver token = 1 g of LBMA Silver.
Name: BiGA (BIGA)
Location: Istanbul, Turkey.
BiGA, which is an abbreviation of one gram gold (in Turkish), is an infrastructure project based on blockchain technology. It enables secure, controlled, and confidential transfers of dematerialized gold, where 1 BiGA = 1 gram of gold. BiGA Digital Gold is a project by İstanbul Settlement and Custody Bank Inc. (Takasbank) from Turkey, fully backed by physical gold reserves with the Borsa Istanbul.
Location: Hong Kong.
BULLIONBLOCK is developing a decentralized mobile payment gateway platform on its own blockchain, delivering transparent instant and secure options for remittance and financial transactions protected by physical gold and silver bullion.
Location: Cayman Islands.
$GOLD is a blockchain token allowing each holder a direct right to redeem 1 gram of gold bullion. $GOLD is independently audited as a preferred client by BDO Blockchain, a division of BDO Global.
CTG is a digital currency used as a worldwide cross-border anonymous payment system in exchange for goods and services, 100% backed and redeemable for physical gold, delivered to your doorstep, anonymously.
Name: DaVinci Token (DVT)
Location: Geneva, Switzerland.
The DaVinci Token is the digital ownership title of an irreversibly allocated DaVinci Gold Coin weighing one ounce of 24 karat gold. All minted DaVinci Pure Gold Coins are bearing a nano laser-engraved QR code scanned to be registered in a blockchain and are securely held in vaults for the Company by BRINKS in Zurich. The DaVinci Token was created and launched by Gold Global Currency Corp. SA.
Name: EGYPT (EGY)
The upcoming ICO will offer 1 EGY = 0.1 US Dollar. The public share of 650000000 EGY is gold-backed by depositing all the token paid value in BullionVault and a monthly report will be available for the public to see it through the website.
Location: Perth, Australia.
FutureGold is a proposed cryptoasset to be backed by secured royalty streams from future gold production and developed to provide funding to emerging gold mining producers via Blockchain technology. The offering will be fully compliant with Australian securities law.
More information here.
Name: Gaia Gold
Location: Davao, Philippines.
Gaia Gold concept is to provide a precious metal investment platform with its dual token protocol.
Name: GODcoin (GOD)
GODcoin is “the official coin of Christ” and offers gold and silver-backed cryptocurrency. It’s also “endorsed by God the Heavenly Father, and issued by the Messiah, Lord Ra-El.” One gold token (GOD) is worth one ounce of physical gold. One silver token (SOD) is worth one ounce of physical silver.
While looking for information for this I found another GOD coin so I’m not sure what 3-letter code they will use.
Location: Wyoming, USA.
Goldchain offers tokenized precious metals with provenance and origin on the EOS Blockchain. TruGold is the first token in the Goldchain suite of products offered to customers. The circulating supply of TruGold represents materials extracted and weighed from the processing plant.
There is no ICO or Airdrop associated with this project.
Location: Bangkok, Thailand.
A utility token directly backed by a physical gold supply of 23K Thai Gold, secured by blockchain technology. 1 GOGO = 1 gram of gold.
Broctagon and Elite Consulting Group launch utility token GoldGo – [17/12/20]
Goldlinks is a global gold industry alliance, every 100 GGC is pegged to 1 gram of fine gold.
HelloGold (HGT) users can buy and store gold which can be converted to a gold-backed token (Goldx), which is backed by 1 gram of gold. The gold is held and accounted for in a partnering vault in Singapore, and it is certified as compliant with the Shari’ah Standard by the World Gold Council.
Name: Kitco Gold (KGLD)
Kitco Gold is a stablecoin fully backed by physical gold held securely in DirectReserve™ vaults.
LODE is a silver and gold-backed cryptocurrency project. The LODE Token represents a digital receipt for securely vaulted silver, that gains micro-payouts for network participation. The AGX Coin is a silver-backed asset.
The AUX Coin represents 1-milligram weight and measure of vaulted and verifiable gold bullion held in the LODE reserves. AUX Coins may be exchanged for investment-grade gold and gold products at prevailing market rates from LODE-affiliated dealers.
Name: Meldcoin (MELD)
Location: Melbourne, Australia.
Meld is a gold-backed digital currency that’s supported by an open network of partners. At the heart of Meld is Melbourne Mint -the platform’s founding partner.
Meld is built on two tokens: A gold-backed currency where 1 token = 1 gram of physical gold, stored in secure vaulting facilities, fully redeemable for physical gold. A security token will earn gold via every transaction.
Name: MELECOIN (MELC)
MELECOIN will issue a pre-paid Debit Card (no limit – subject to conditions), supported
by a MELECOIN Token backed by digital ownership title of physical gold. (LBMA
Certified) as the MELECOIN Token System (MTS).
META 1 Coin
Name: META 1 Coin
Location: Boca Raton, FL, USA.
META 1 Coin is secured by a diverse mix of assets including gold mines, bars, bonds, and other precious metal securities. META 1 Coin infrastructure includes a private blockchain “META Block”, a private bank and exchange allowing transactions as well as liquidity and security.
The United States Securities and Exchange Commission has accused Meta 1 of defrauding at least 500 investors worldwide out of $9 million.
Name: MetalStream (MSGLD)
Location: Labuan, Malaysia.
MetalStream Gold (MSGLD) tokens are gold-backed, ERC-1400 compliant security tokens backed by and redeemable for bullion. MSGLD are securities fully backed by physical gold extracted from mines in several countries to reduce risk.
A blockchain platform that generates the OToken, 100% backed by gold to save, transfer, transact, redeem or spend. 1 OToken = 1/1,000 of gold’s spot price. No ICO.
Name: PACT (PACT)
The PACT platform is backed by a physical gold mine, as the firm also purchases physical gold to hold in reserves for every coin held by the public. Each PACT token is valued at .008 of a gram of gold or $2.00 worth of gold. When your cryptocurrency value is greater than 1kilo of gold, you can opt to convert it to physical gold in one of the firm’s vault, and take physical custody.
Name: Pecunio (PGX)
Location: Dubai, United Arab Emirates.
Pecunio is a one-stop-shop for cryptocurrencies: A cryptofund, a cryptocard, and an exchange. Pecunio’s gold-backed token PGX represents exactly 1 gram of 999.9 fine gold (segregated, unallocated) from LBMA-approved refineries.
Name: Quantum Gold (QTG)
Quantum Gold Token is a cryptocurrency that combines backing by a physical gold reserve and income from forthcoming production of gold from selected gold mines. For each QTG Token, half of the proceeds (net of expenses) will be allocated to purchase physical 999 gold and stored in Real Gold Reserve (RGR). The other half of the proceeds will be stored in Growing Token Reserve (GTR), which will be invested in selected gold mines. Every year in return, an agreed portion of gold production from the mines will go to the Real Gold Reserve (RGR).
Name: Quintric (?)
Location: Utah, USA.
Quintric combines cryptocurrencies with real gold and silver coins using the Bitshares platform.
For the gold token, “each Quint token constitutes five U.S. gold cents (one 1/1000th of a one-ounce, U.S. legal tender, gold coin) payable on demand in minimum 1,000 token increments for an American Eagle/Buffalo gold coin, bearing a fifty dollar face value.”
The gold coins are stored in a fully audited vault and deliverable upon request. There is no ICO for this project. Instead, a pre-launch promotion is on until the 4th of July, 2018.
Name: Ubuntu Tribe (GODL)
As described on Linkedin:
Ubuntu Tribe ecosystem will consist of three core products that are already in development:
1) GODL – a digital asset 100% backed by redeemable gold, which makes gold an accessible investment for anybody who has a mobile phone and as little as 5 cents;
2) U-coin (UBX) – a digital asset convertible either into discounted ethical gold from the mines that we pre-finance, or into Ubuntu Tribe Company shares;
3) TribeOne social and commercial platform, which interconnects communities around the globe and enables them to access financial services, develop their businesses, and engage in social impact initiatives.
Read more here: Ubuntu Coin: A gold-backed crypto currency for Africa.
Name: USDReserve (USDR)
USDR tokens are pegged with the U.S. dollar on a 1:1 ratio and backed by 100% reserves. The supply of the tokens is expanded only when processing mined gold. This implies that every new coin so released is totally backed by gold.
Name: xbullion (GOLD)
The xbullion token (GOLD) is a digital asset representing 1 gram of investment-grade gold bullion. Backed by 1kg .9999 gold bars sourced from some of the world’s most reputable suppliers.
Name: AurumCoin (AU)
Each AurumCoin is backed with 1 gram of gold, and the gold content will then be increased to 1 ounce. When you buy an AurumCoin you buy a digital proof for 1 gram of gold stored and insured in professional high-security gold vaults in Zurich, London, New York, Toronto, Singapore, and Hong Kong.
The site doesn’t say where the gold is stored or how much is in storage. The AU token was on the Cryptopia exchange, where AurumCoin says it was hit with a 51 percent attack.
The message board at Bitcoin Talk is still active.
Exchanges with AU
Name: BullionCoin (XAAU)
Location: Isle of Man.
Bullioncoin is a gold and silver-backed cryptocurrency. Gold Bullioncoin (XAAU) is equal to one gram of gold, and silver Bullioncoin (XAAG) is equal to 50 grams of silver. There is also a Debit MasterCard available which can use your Bullioncoins for everyday purchases.
The site is offline with the message: “BullionCoin is undergoing some updates inline with the recent GDPR regulations and will be back online soon.”
Name: Cyronium (CYRO)
Location: Jakarta, Indonesia.
Cyronium is gold-backed crypto from Indonesia. Every 1 CYRO token has a guarantee of 1 Cyronium coin. 1 Cyronium coin consists of 20 grams of 99% gold LBMA (London Bullion Market Association). Where Cyronium differs from other offerings is they are offering the option of physical coins that will represent the CYRO token. If you elect to take the physical coin the CYRO token will be destroyed to avoid duplication. The coin will be shipped along with the certificate to the investor’s address. Physical gold will be held in vaults in Singapore.
The site is now offline.
Name: Golden Currency (PGCT)
Golden Currency plans to be the first global private currency on the blockchain, both paper and electronic, 100% backed by gold. ICO ended in 2019, but it is not apparent that the Golden or PGCT tokens are available on exchanges. Social media hasn’t been updated since March 2020.
Name: Goldzip (Gz)
Location: Hong Kong, China.
Goldzip token project is issued and regulated by the Chinese Gold and Silver Exchange (CGSE) in the Hong Kong Special Administrative Region (HKSAR). Each Gz is equivalent to the delivery execution right of 1 mg gold in the Goldzip system.
The site is offline (23/01/21) with no other updates.
Name: GramGold Coin (GGC)
GramGold Coin is pegged to 1 gram of investment-grade gold. Every single GGC is issued out of gold already purchased and held by vault service providers instead of crowdfunding. This process is called an ‘Initial Coin Circulation’ (“ICC”), instead of an ‘Initial Coin Offering’ (“ICO”).
The GGC token was listed on Kucoin, but it has since been removed.
Name: Guardian Gold (GGT)
Guardian Gold is a gold-secured cryptocurrency based on blockchain technology. Each GGT token is backed by 1 gram of 99.99% gold cast bars from London Bullion Market Association-approved refiners. Guardian Gold token holders can transfer funds to anyone in 15 seconds. Guardian Gold features a unique 15% Proof of Stake Reward to all GGT token holders. 15% of net proceeds from every new GGT token purchase is distributed to all GGT holders.
GGT Token doesn’t appear on any exchange listings and there have been no site updates for over a year (December 2020).
iDinar is a digital asset, backed by a gold ownership certificate based on blockchain technology. 1 Unit of an iDinar token is backed by 1 gram of physical gold.
Name: Karatcoin (KCG)
Location: London, UK.
Karatcoin is a platform to trade gold certificates, exchange Karatcoin tokens, as well as save and exchange currency using gold cards. KCG (GOLD Token) is the token used in the Karat Blockchain. It represents 1 gram of 99.99% LBMA standard gold secured in safehouse vaults.
The site hasn’t been updated since 2018.
Name: KaratGold (KBC)
Location: Stuttgart, Germany.
Each coin represents a certain weight of gold and can be exchanged into physical gold in the form of CashGold. On 4 July, 2019 100 KBC will equal 1g of gold.
KBC is listed on its own exchange — Karatbit.com. Trade USD, KBC, BTC and ETH for gold (which Karatbars calls Unival or UNV).
In 2019 Germany’s Financial Supervisory Authority (BaFin) ordered ‘KaratGold Coin’ issuer to cease operations.
Name: KaratCoin Bank Coin (KCB)
Location: Stuttgart, Germany.
Related to KaratGold is KaratCoin Bank, which is creating an international payment system that will serve the blockchain-based economy. It’s based on the following projects: Karatbars International GmbH, KaratGold Coin, KaratCoin Bank, KaratPay System, and KaratGold Coin Exchange.
MAST is a collaboration by HYBSE, GMEX, and MINDEX to list the world’s first Multi-Asset Stable Token (MAST). The MAST is a modern digital asset combining multiple tiers of equities and currencies which are backed by physical allocations of gold.
The ATO (Asset Token Offering) closed at the end of April 2019. No social media updates since 2019 (at December 2020).
Name: OZEETY (OZTG)
Location: London, UK.
OZTG is a privacy gold-pegged coin minted through the OZEETY Blockchain using proof-of-stake (PoS) and Zerocoin-proof-of-stake (ZPoS) hybrid consensus algorithm, allowing anonymous transactions.
OZEETY is by Flash Group, a blockchain-powered fintech company that offers a physical gold-pegged cryptocurrency, innovative payment solutions and a smart contract-based advertising solution.
OZTG is available at FlashXchanger.
Name: PureGold (PGT and PGG)
Puregold is a payment gateway using gold-backed cryptocurrency. They offer two digital tokens called PGT for transactions; and PGG which is a crypto asset backed by physical gold.
The company uses physical gold (of 999.9 quality) as its security. Puregold’s gold reserves equal or exceed its circulated amounts of PGG gold-backed tokens. The physical gold is stored by a third party in a decentralized storage unit that Puregold stores investment-grade gold, gold jewellery, small ingots (up to 100 grams), and coins.
Puregold is part of Puregold.sg, which is a private mint in Singapore with its own in-house factory producing gold and bars.
The puregold.io has since gone offline (23/01/21) with no updates or explanations.
Sudan Gold Coin
Name: Sudan Gold Coin (SGC)
Location: Dubai, U.A.E.
Sudan Gold Coin is a gold mining business with blockchain technologies that offers a fair distribution of profit. Each token at the beginning will be tied to the 0.05g of gold per token. More gold is added to each token as the gold is physically mined. The mine is located in a study area of over 8000 Km2 in the Northern State of Sudan. The Dubai SG mining Co controls 100% of the Sudanese mining company. ICO ends 30 January 2019.
The site has since closed with notification of legal action lodged by Netarc AG, against the promoters of SGC (Sudan Gold Coin and its Initial Coin Offering) due to false representation and public defamation.
Name: X8currency (X8C)
Location: Zug, Switzerland
X8Currency is positioning itself as a stable token for crypto investors. X8C is an Ethereum token, 100% backed by a combination of 8 fiat currencies and gold. Each token is represented with assets deposited in bank accounts. Gold is held in physical reserves in the format of gold coins. The percentage of each currency and gold is unclear.
The original .com website has since gone offline, and there is now a website at x8currency.io. There is also another site mentioned in the Telegram group at x8ag.io. The site hasn’t been updated on social media and there hasn’t been any recent updates.
Name: XGold Coin (XGC)
Location: Punta Arenas Building, 13 Floor, Cincuentenari, Coco de Mar 79 East Panama City, Panama.
XGold Coin (XGC) is a gold-backed digital crypto-currency option. The price of one XGC Coin at initial pricing is based on a single gram of gold.
The site is now offline.
Crypto graveyard: cancelled / closed / other
Since the beginning of this guide to gold-backed cryptocurrencies, many projects have fallen by the wayside. This is the list of dead gold-backed cryptocurrency projects.
Location: Dublin, Ireland.
The Airgead Coin allows you to merge precious metals within one cryptocoin. Along with gold, you can merge silver, platinum, and palladium coins/bars as a basis for a worldwide currency. You can merge any amount of precious metals into a single Airgead Coin, and you can actually see what your Airgead Coin is merged with.
The ICO was in 2019, but there have been no status updates since December 2019 and the website is now offline.
Arbitrade was a supposed cryptocurrency exchange and mining company based in Bermuda. In March 2018 it was announced that Arbitrade Exchange Inc. would acquire Cryptobontix Inc (cryptobontix.com).
In November 2018 they put out a press release announcing that Arbitrade Ltd. had “received title of gold bullion stored at independent security facilities in the amount of 395,000 kgs with a current market value in excess of $10 Billion U.S.”. 395 tonnes of gold would have placed Arbitrade among the countries of the world’s top 15 gold reserves.
They also announced that they had acquired an office block in Hamilton for their head office.
By October 2019 Arbitrade’s website had vanished.
Dignity (DIG) was owned by Arbitrade which was acquired by Cryptobontix. blockchainbullion.io was also associated with the project, though the site has since gone offline.
Here is a more detailed writeup about $UNY / $DIG.
Name: GoldBase (ABG)
Location: St Kitts & Nevis
AssetBase offers five different precious metal cryptocurrencies (gold, silver, platinum, palladium, and rhodium). Unlike some of the other mixed metal tokens, AssetBase has a separate token for each metal. The GoldBase crypto coin (ABG) is equal to 1g of physical gold and is 100% redeemable for 100% physical gold. All gold (and other metals) is vaulted and insured and audited by a third party. To acquire precious metal tokens you will need Prime Donor Tokens (PDT).
The site is now offline and the domain has expired.
Name: Auric (AURI)
Location: Zurich, Switzerland.
Auric is a store of value and medium of exchange cryptocurrency backed by a physical store of gold at a rate of 0.001oz per Auric. Owners can hold Auric, trade it on exchanges, or transfer it for this equivalent amount of gold via the Auric Market at any time.
The ICO ran in September 2018. Since then the site has gone blank, and here was the last update on the Bitcoin Forum.
“Thanks very much for all the ICO funds…we will try and launch Auric sometime before 2040. Have a great day. No more updates until then.”
Name: AURUM X ()
Location: Seoul, Republic of Korea.
AURUM X (previously known as Gold Mining) will secure gold through its cryptocurrency mining business. Future plans are based on creating a large mining center, which cryptocurrency-based revenue would continue to increase gold reserves.
Holder of X tokens will then be distributed with V tokens, which is pegged with the price of gold (1 V token = 0.01g physical gold). V tokens are issued only as much as the quantity of gold held. The gold will be continuously secured from the profits of large-scale mining centers, a cryptocurrency exchange, gold products, and discount shopping malls.
ICO started on August 1st, 2018. The site has since gone offline without any notifications.
Name: BaselBit (BB3)
Location: Zug, Switzerland.
BaselBit was a planned cryptocurrency backed by gold and silver reserves. According to the website:
“Due to unobtainable and unverifiable audits of underlying assets of Basel Bit and its principle guarantor not providing contracted financing forces the organization to cease operations.”
Name: Crypto-Gold Coin (CGC)
Crypto-Gold Coin started out as CryptoGLD (CrGLD). The original website at cryptogld.com is no longer working so I found their new site via the Facebook page. It says they are a cryptocurrency but it doesn’t appear to be on any exchange (and CGC is another token). When I checked it was selling a 1-ounce Crypto-Gold Coin at US$1,300.00, even though the current market price at the time was US$1,321.00. There is no office listed, and no mention of how the gold is stored or how you can sell it once you have bought it.
Name: CURRENSEE (CUR)
Location: Dubai, U.A.E.
Currensee was a gold-backed crypto currency valued at the current price of 1gm of Gold. The value of the physical gold in the reserve is directly proportionated to track the performance of the coin in the market. The Currensee platform is built on a private blockchain, based on the Ethereum Technology.
Name: Darico (DEC)
Location: Zug, Switzerland.
Darico offered a gold-hedged cryptocurrency investment token backed by gold, bitcoin, and Ethereum. Each token was comprised of 55% bitcoin, 35% gold, and 10% ether. The gold sits in custodial vaults, and there is an app wallet and a Darico debit card.
Darico is now a dedicated trading platform with no offer of DRC gold-backed token.
Digital Bullion Gold
Name: Digital Bullion Gold (DBG)
The website has expired and there is no contact from the developer.
Name: DinarCoin (DNC)
DinarCoin (DNC) is a crypto asset built and recorded on the public Ethereum blockchain. Each DinarCoin is the digital equivalent of 4.25 grams of 999.9% pure gold and it is together with Gold Smart Contracts can be traded in for physical gold.
DinarCoin was developed by DinarDirham – a gold and blockchain-focused, global FinTech company founded in Southeast Asia and headquartered in Hong Kong. The website is now offline with announcements of what has happened.
Name: Doradocoin ()
Location: Santiago, Chile.
Another claiming to be the world’s first gold-backed cryptocurrency, Doradocoin tokens are issued to attract investments into an existing gold production enterprise in Chile. There are no contact details or details of the token, or where the mined gold will be stored.
The website has since stopped working.
Name: DRCG coin (DRCG)
Website: drcgold.io – Facebook.
The DRCG coin ICO proceeds contribute to expanding operations and cover the mining costs of a gold mining operation in the Democratic Republic of Congo. Members who purchase or use the DRC Gold Coin will be rewarded with gold or any other means of their choice as outlined. The mining operations are managed by Emmax Systems Inc. which is an affiliate of CryptoXL Limited.
The final ICO Sale started on 31 May 2019, but there has been no update on the website since. The site has since gone offline.
Location: Gothenburg, Sweden.
EAU-COIN (pronounced “O-COIN”) is a gold-backed crypto token on an Ethereum-based blockchain smart contract. EAU-COIN is directly backed by real gold assets 100% owned by EAU-COIN with no liens or leverage. The tokens are issued in rounds with a built-in 20% bonus for the holders. At least 2 rounds will be issued every year of a fixed USD value related to fixed in-ground gold assets that are being mined out.
The website has since gone offline.
Name: Egold (EGD)
Location: London, UK
Egold (not related to E-gold) runs on a blockchain ledger and works through a digitized cryptoasset called GOLD whose cryptocurrency value is based on physical gold. Egold uses its own blockchain and altcoin, called EGD, for GOLD transactions.
The site has since gone offline and it has been flagged as a possible scam at bitcointalk.org.
Location: London, UK.
Goldbloc was a gold-backed digital currency and banking platform project developed by The Real Asset Company (TRAC) and Lionsgold (LSE: LION). Goldbloc has since pivoted to become Tally, which is not a cryptocurrency. This will be a “100% reserve banking platform and physical asset currency used in everyday banking through a smartphone banking app and Mastercard debit card”.
Name: GoldCrypto (AUX)
AuX tokens by GoldCrypto are a cryptocurrency backed by physical gold. Each 750 AuX Tokens will be backed by one ounce of gold (approximately US$1.70 per AuX Token). This gold backing per AuX Token then progressively increases.
The GoldCrypto ICO finished on August 31, 2018. Since then the goldcrypto.io website redirected to goldsecure.io. Both sites are now offline.
Name: Gold Cryptocurrency (GOLDC)
A proposed gold-based online currency that was saying it had an ICO in August 2017, though I couldn’t find any record of it. There were some updates at github, and the website has since gone offline.
Location: Cayman Islands.
GOLD.IO plans to be the first cross-blockchain DEX (Decentralized EXchange) and DAC (Decentralized Autonomous Community). The mission of GOLD.IO is to create an infrastructure ruled by like-minded individuals, sharing the same vision and idea for the future of the decentralized community-governed gold market.
Name: Goldma (GMA)
Goldma (Gold Mining Assets) is described as Africa’s first crypto-based gold royalty token. GMA is a token backed by a fully licensed and operational gold mine in Zimbabwe. So the token itself is not gold-backed, rather the gold is sold to the Reserve Bank, and Ether is bought with the proceeds.
The main ICO ended October 12, 2018, and the website then showed a “coming soon” landing page with no other information. The site has now gone offline without a trace.
Name: GoldMineCoin (GMC)
GoldMineCoin is – as the name suggests – is a coin backed by a gold mine. This crypto-currency is secured by gold deposits in the Magadan Region of the Russian Federation. This setup resembles the exploratory mining companies that frequent the penny stock listings. You have a high risk of not finding gold and a potentially high reward of hitting a productive gold mine.
Pre-ICO ran until August 2018. The site then went offline and the domain has since expired.
Location: Vancouver, Canada.
Canadian-based mining firm Canamex was offering tokenized gold and silver, with the GOLDUSA token representing 1/200 oz of gold. Reference to the token has since been removed from the website.
Details of the token can be found at: Canamex Gold: GOLDUSA and SILVERUSA Security Tokens Digital Securities Offer Board.
Name: Gold Vein Token (CVT)
GoldVein is a blockchain platform for investment in gold mining. The gold value of the token increases in value depending on the amount of gold mined.
The Pre-ICO runs from April-June 2018, ICO August-September 2018, and tokens will be placed on exchanges in December 2018. The site has now gone offline.
Name: GramGold (GGT)
Location: United Kingdom
GramGold was a gold exchange, a gold vault, a gold ATM, and a foundation. The Gramgold Token (GGT) is 10% backed by gold. The GramGold ICO was on in March, 2018 and went offline in April, 2018.
Name: GoldGramCoin (GGC)
GoldGramCoin (GGC) represents 100% direct ownership of 99.99% investment-grade, pure physical gold. 1 GGC = 1 gram of fine gold. The title is maintained by a cryptographically secure blockchain database that investors can utilize to verify ownership. The physical gold is securely stored in the Gold Vault and is fully deliverable upon request at any time. Gold ownership is verified using blockchain technology to ensure data accuracy and tracking.
The site has gone offline with no status updates on social media.
Name: IC3 Cubes (IC3)
IC3 Cubes secured by 100% Canadian gold. The site has gone offline with no other information on its fate.
Name: Lightcash (LCSH)
Lightcash Crypto Gold is pegged to actual gold, in a ratio of 1000 LCSH’s to one gram of gold. By purchasing tokens, investors receive an ownership share in the gold mining company. An ICO ran until June 2018, and it has since gone offline.
Name: LondonCoin (LDX)
Location: Seoul, Republic of Korea.
LondonCoin provides a crypto ecosystem consisting of a core cryptocurrency, a decentralized exchange, and a wallet. LDX will be backed by real physical gold, accumulated and locked up in a ‘reserve only’ foundation in Switzerland. Gold reserves are owned by LDX holders, and LDX holders can exchange the cryptocurrency with actual gold bars.
The webpage is now permanently offline.
Name: Magma Coin (MGM)
Location: Manchester UK.
Magma Coin ran an ICO with the whitepaper saying that “the company uses exchange-traded funds (ETF) or physical gold (of 999 quality) as its security.” When searching for what content of gold is on each token, the whitepaper said “Each Magma token represents X amount of Gold Miligram of Gold.”
On 26 September 2018 the North Dakota Securities Commissioner issued a Cease and Desist Order against Magma for promoting unregistered and potentially fraudulent securities in North Dakota in the form of Initial Coin Offerings (ICOs).
Name: Midas Rezerv (MRCoin)
One of the earliest attempts at a gold-backed crypto was by Midas Rezerv. A press release from 2015 says that every Midas Rezerv token is 100% backed by 1 gram of gold.
My Big Coin
Name: My Big Coin (MBC)
Location: Nevada, USA.
My Big Coin was a virtual currency that claimed was backed by gold. In February 2019 the founder was arrested on federal charges for participating in a scheme to defraud people.
Name: GoldBlocks (GB)
Website: mygoldblocks.com / goldblocks.eu
GoldBlocks is a blockchain-based MLM (Multi-Level Marketing) mining site that also has gold-backed something or other. I don’t know how to describe this as the website just says a bunch of buzzwords without clearly describing what it does. It says they “work with various gold trading platforms”, the site is incomplete with broken links. The coin is still being tracked and you can read updates here.
The site has since gone offline.
From the web archive:
“ONGOLD Tokens serve as the financial backbone of the Open Network. A gold-dollar equivalent stable-value cryptocurrency payment instrument. They are uniquely used for purchases within the ON ecosystem including ONCOIN, ONDOLLAR, ONPROPERTY and ONENERGY Tokens – each a separate tokenized sector of assets.”
Name: Orocrypt (OCG)
Location: Zurich, Switzerland.
Orocrypt is a company that digitises assets. It already has a working token, the OCG gold-backed token, each representing 30 g of LBMA compliant bullion gold and stored in Liechtenstein, Switzerland, and The Cayman Islands. The OCG token represents ownership of 30 grams of gold, therefore it always has to be 100% backed by bullion gold. You can see the vaulted gold Stock Report in the News section of the website. The OCG Smart Contract was audited by Icorating.com.
OCG was listed on the P2PB2B exchange but it has since been delisted. A Tweet in January 2020 mentions reorganising their corporate structure. The website is now offline and the Twitter account deleted.
Name: OZcoinGold (OzGLD)
OzGLD was a proposed cryptocurrency 100% backed by gold. A paid press release stated that “each 100 OZcoinGold coins is backed by 1/3 gold bullion stored in the Perth Mint and 2/3 gold reserves held by Ozcoin Inc, to be delivered to Perth Mint by March 2022.” There was no mention on the Perth Mint site, and no physical contact details were on the website that has since gone offline.
Name: Reales (RLS)
Location: Tallinn, Estonia.
Reales coin was a token that combines a basket of precious metals and cryptocurrencies. The breakdown of each token is 10% physical gold, 35% physical silver, 20% Bitcoin, and 20% for ICO’s and alt-coins (total 85%). The remaining 10% was for the company’s budget and 5% for operational costs.
An ICO was held in 2018 and didn’t reach their softcap.
Royal Mint Gold
Name: Royal Mint Gold (RMG)
Location: London, England.
The Royal Mint planned to team up with CME Group (the derivatives marketplace) to offer bullion on the blockchain. Royal Mint Gold (RMG) proposed to offer real gold, stored in The Royal Mint vault, and traded on a digital trading platform provided by CME Group. It would have been available through third-party investment intermediaries such as banks and brokers. The project was abandoned in October 2018.
Secured Gold Coins
Name: Secured Gold Coins (SGC)
Location: Melbourne, Australia.
Secured Gold Coins (SGC) is a hybrid cryptocurrency that is 60% gold-backed, 40% utility, and completely decentralized based on Blockchain technology.
SGC Coins went on sale in 2019, but the site and social media accounts have gone quiet and the sale link isn’t working. The website is now offline.
Name: Tether Gold (GLDT)
A press release was posted about an ICO for Tether Gold in December 2017. It appears to be inspired by Tether (USDT), which is pegged to the US Dollar. In this case 1 GLDT = 1 Oz / 31.1 Grams .9999 AU GOLD. There was a South African contact number. The website looked hastily thrown together and soon disappeared. In 2020 the original Tether released Tether Gold (XAUt).
The Mining Co.
Name: The Mining Co. (TMC)
Location: Nevada, USA.
The Mining Co. is a mining company in Nevada that are raising funds for a gold mine via an ICO. TMC tokens are backed by the gold mine, so there is no set value for the token until gold is mined. The value of the token will increase according to mined gold. The website says it’s “the first cryptocurrency to be asset-based”, so they’re obviously not readers of my blog 🙄
Name: Tiberius Coin (TCX)
Location: Zug, Switzerland.
Tiberius Coin is an asset-backed token made up of an alloy of metals, including gold. The metal is held and audited by independent warehouses, and available for delivery upon request. Every token includes:
Technology metals: 25g copper, 5g tin
Electric Vehicle metals: 25g aluminium, 6g nickel, 1g cobalt
Stability metals: 3mg gold, 1.5mg platinum
The Initial Metals Sale (IMS) in October 2018 was put on hold due to the fact that “credit card processors were going to make investing in Tiberius Coin difficult”. The site has since gone offline with no updates.
Name: TokenOro (ORO)
Location: Bend, Oregon, USA.
When you purchase a TokenOro token, 50% will go to purchase, gold bullion, gold bullion certificates and/or cash that will be placed in a secure, insured gold vault and 50% will go into mining production and company operations.
The site has since gone offline and there have been no social media updates.
Name: Troy Gold (GOLD)
TROY’s token, known as GOLD, provides the opportunity to purchase TROY’s gold products using the Blockchain. Gold mined by Bullseye Mining ltd (Australia) will be used to create TROY’s gold products. Bullseye’s gold will be stored in vaults at the government-controlled Perth Mint – Australia. TROY’s GOLD tokens will be issued on the Ethereum platform.
The site is now offline with no recent social media updates.
Location: Texas, USA.
TxGold is a gold-backed currency with near-zero transaction costs (for both sending and receiving), and settlement times of 2-4 seconds. Backed by redeemable gold coins, which are stored and secured in the state of Texas (and insured by Lloyd’s of London). Users can get started by exchanging fiat or cryptocurrency for TxGold, or by sending their own physical gold coins.
TxGold was available on the open-source Stellar platform, but it has since been decommissioned and TxGold will no longer mint/offer new tokens. After January 31, 2020, TxGold tokens will no longer be redeemable for physical gold.
Name: USDVault (USDV)
USDVault (USDV) was a proposed stablecoin, pegged 1:1 to the US Dollar. USDV was planned to be fully backed by, and redeemable for, gold held in Swiss vaults directly via 3rd party fiduciaries. The USDVault token was expected to launch in late 2018. The project has since closed down.
Name: Value Units (VUS)
Location: Hong Kong.
Value Units is a decentralized blockchain covered with physical gold that is stored in various Swiss army bunkers.
The website has since gone offline with no explanation.
Name: White Dollar (WD)
Location: Budapest, Hungary.
The White dollar (WD) is a digital currency powered by Bitcoin (digital gold) and pure gold. The WD formula is represented by 1 WD = 0.001 BTC (1g of digital gold) + 1g gold in US dollars.
The site was announced in 2020 and was supposed to launch in 2021. The website is now offline.
Name: ZenGold (ZGC)
ZenGold is a cryptocurrency is backed by physical gold. Each ZNG token represents 1 gram of 99.99% Gold reserved in the Shanghai Gold Exchange Vault.
The website is now offline with no updates.
How to buy gold-backed cryptocurrency
If you are ready to buy a gold-backed cryptocurrency, you will most likely need to buy it with Bitcoin or Ethereum. For ICO purchases, Ethereum might be the only payment available if the token is running on Ethereum. You can buy Bitcoin and Ethereum at Binance (the world’s largest crypto exchange), and then send the funds as per the instructions given by the gold token you are buying.
For more information, read the guide on how to buy gold-backed cryptocurrency.
Cryptocurrencies that aren’t gold-backed
While researching and updating this list I kept finding cryptocurrencies that sound like they are gold-related. The biggest naming misnomer is Bitcoin Gold (BTG), which is a fork of the Bitcoin blockchain and has no gold attached to it.
At least Bitcoin Gold isn’t pretending to be linked to the value of gold, just as a Visa or Mastercard Gold Card isn’t pretending to be made of gold. Things start getting murky with Ethereum Gold (ETG). Ethereum Gold is built on the Ethereum blockchain and was launched in October 2017 as an airdrop to crypto forum readers. The website says that it’s a “smart-contracts governed ecosystem that applies blockchain technologies using the value of GOLD.” There is no other mention of how it is connected to the value of gold.
Counos is no longer offering Counos Gold as an asset-backed cryptocurrency.
Crypto Bullion (CBX) has been trading since before any gold-backed crypto got started, but it doesn’t have any bullion backing. It was launched to function as a store of wealth and emulate the properties and supply of gold.
GoldCoin (GLD) is “Digital Gold” and not backed by physical gold. It was founded in 2013 and is a decentralised open-source cryptocurrency forked from Litecoin.
GBCGoldCoin (GBC) is a Russian cryptocurrency and is not backed by gold coins.
Gold Bits Coin (GBC) project is no longer gold-backed.
CryptoGold is a crypto mining platform.
Gold-backed cryptocurrency news and updates
There are more gold-backed cryptocurrencies being developed, so they will be added here as they become known. If you know of any others or are developing one, please contact us.
This list is being updated regularly, and any changes are posted in the weekly gold newsletter. Subscribe to the newsletter for gold and gold-backed cryptocurrency news.
This is intended as a directory and is not an editorial endorsement. Do your own research before buying. Details of the tokens may have changed since being listed. This is a free listing so any gold-backed cryptocurrency can be listed. If there are any missing or need updating, contact here.
Some of the coins and exchanges include referral links which may earn Goldscape.net a commission. I will make a note of any tokens that I have bought.
James Clark – Editor of Goldscape.net.