Comtech Gold (CGO)

Many participants who first encountered XDC Network through Surge Program may not yet be familiar with CGO token.

To explain it, let’s reference a clear slide by ComTech (@ComTechOfficial):

CGO is a token 100% backed by physical gold in the form of a standardized 1 kg bar of 999.9 purity, and it represents the price of one gram of gold.

CGO has become the fourth largest tokenized gold issuance globally, following PAXG and XAUT (as noted in research by FRNT @FRNT_Financial):

https://t.co/fBGTxR8JrQ

Although its price appears different from PAXG and XAUT, that’s mainly because those tokens represent one troy ounce, whereas CGO represents one gram.

Earlier this year, CEO was also featured in Business Connect Magazine’s June Special Edition:

https://t.co/jppL8adNfN

ComTech operates under the regulatory oversight of DAFZA, and its gold reserves are regularly verified by DMCC Tradeflow. Digital certificates are also published corresponding to the physical gold stored in vault, with reserves bankruptcy-prote

Blockchain + Gold

- World Gold Council is using blockchain to develop database for all responsibly sourced gold —> for trading, lending, and collateralisation 🧩

- Dubai Multi Commodities Center announced partnership with Comtech Gold to digitize gold by tokenizing the precious metal ✅