We can discover numerous cryptocurrencies backed with gold. The stability and value of gold is one of the main reasons on why cryptocurrency creators keep their eyes on it. Let’s take a look at some of the best gold crypto tokens available for you to invest on as of now.

  • DigixGlobal (DGX)

The DigixGlobal coin is a gold-pegged cryptocurrency developed by Digix, a Singapore-based business. Digix says that each DGX token is backed by 1 gram of 99.99 percent pure gold kept in vaults in Singapore and Canada, with the goal of making gold divisible, transferrable, and redeemable.

The DGX token is meant to make gold ownership, administration, and transfer straightforward and transparent, and the vaults are protected and insured by renowned businesses such as Safe House Singapore as a security feature. DGX is based on the Ethereum blockchain, and all transactions are transparently visible to the public.

  • PAX Gold (PAXG)

Paxos founded PAX Gold, which is located in New York. Paxos delivers open financial systems using blockchain technology and a suite of cutting-edge solutions that enable institutions trade, settle, and manage digital assets with confidence.

The value of their PAX Gold token is linked to 31.1 grams of gold held in Brink’s vaults. As a result, holding PAXG tokens gave you access to Paxos’ LBMA (London Bullion Market Association) certified gold. PAXG is a cryptocurrency based on the Ethereum blockchain that can be easily exchanged throughout the world or redeemed for real or unallocated gold using the Paxos platform.

Asia Broadband, a firm focusing on the manufacturing and delivery of precious and base metals in Asian markets, created the AABBG cryptocurrency. Their AABBG token is packed with 0.1 grams of gold at a rate of 1AABBG token: 0.1 grams of gold.

Asia Broadband says that the current value of gold reserves held in vaults is approximately $30 million, with a maximum supply of 5.4 million AABBG tokens. The fact that this gold-backed cryptocurrency allows holders to possess tiny and inexpensive amounts of gold is its major selling feature.

  • Tether Gold (XAUT)

Tether Gold is a gold-backed cryptocurrency and a product by TG Commodities Limited, similar to the famous USD-backed stable coin (USDT). Each XAUT token is tied to a single troy ounce of gold, or 31.1 grams of real gold, and is accessible on the Ethereum network as well as the Tron blockchain.TG Commodities Limited says that the gold in their reserve is of London Good Delivery standard and is kept in Swiss vaults with a unique serial number assigned to each investor’s gold bar.

  • Gold Coin (GLC)

Gold Coin (GLC) was created for those looking for a more affordable way to get into the gold-backed cryptocurrency space. The currency, which was launched in 2013 by an unidentified organization and is based on the Ethereum blockchain, is backed by a fraction of a gram of gold.

  • Novem (NNN)

The Novem (NNN) token is created on the NEO blockchain by Novem AG, a gemstone and precious metals firm with expertise in the precious metals trade in Australia and Germany. Their NNN token is backed by 1 gram of gold, which is held by a Liechtenstein-based industry leader in storage.

  • OnceGram Coin (OGC)

A firm headquartered in the United Arab Emirates launched OnceGram Coin, a Sharia-compliant gold-backed cryptocurrency. Each OGC coin is tied to the spot price of gold, with gold vaults placed in Dubai’s high-security airports. The fact that seventy percent of transaction fees on the OGC Coin network are reinvested to acquire more gold is an excellent feature of OGC Coin.

  • Perth Mint Gold Token (PMGT)

PMGT is the world’s first gold-backed token to be backed by a government guarantee. Perth Mint, an authorized bullion minting firm owned by the Australian government, backs this gold-backed token. Each PMGT token is backed by one billion dollars of gold from the Perth Mint. PMGT transactions also have no transaction fees, making it one of the most cost-effective gold assets accessible.