What happens when you combine blockchain with a huge gold asset located in Africa? You get Blue Gold Limited BGL Gold futures are used to back digital assets on the blockchain.
A partnership has just been announced by the Nasdaq listed next-generation development company. TripleBolt Technology LLCLaunching a digital coin backed by futures gold. Blue Gold Token is a token backed by blockchain that represents forward contracts up to one million grams of gold per vintage. Blue Gold says that these instruments offer digitally native asset-backed instruments which combine the value of physical gold with the transparency and efficiency of the blockchain.
Blue Gold has a unique position to achieve this. This company is the owner of Ghana’s Ashanti Gold Belt and the Bogoso Prestea Gold Mine. The Ashanti Gold Belt has been ranked as one the top gold producing regions on the planet. Blue Gold reports that over 9,000,000 ounces have been extracted from this site since 1912. The site has 5.1Moz in measured and indicated reserves.
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Take Off With Tokenization of Real World Assets
Digital coins are the latest manifestation of DeFi (decentralized finance). Tokenizing real assets is a trend that’s growing as companies seek to satisfy investor demand for digital coins. Due to its physical difficulty, gold is a good candidate for tokenization. It is important to note that investors are interested in it due to the inflationary pressures, geopolitical issues, and fluctuations in fiat currency and U.S. dollars. Gold is not an easy metal to handle.
Blue Gold claims that by tokenizing gold it will enable fractional ownership and global accessibility, as well as enhanced liquidity. Blue Gold also has a large mine in Africa. This allows it to support its gold tokens with its own gold pipeline, as well have verifiable deliveries contracts.
Nathan Dionne said that the future of gold was digital. Dionne, a technology executive and serial entrepreneur with fintech and blockchain expertise, is an expert in digital innovation. We’re thrilled to introduce blockchain transparency and flexible to an historically illiquid class of assets. With Blue Gold’s gold resource and vision, BGT is not just a token — it’s a programmable commodity with intrinsic value.”
Blue Gold chose TripleBolt as the launch partner for its digital currency because Dionne has a wealth of experience and specializes in compliant, scalable blockchain platforms. Dionne served as Chief Technology Officer of Barstool SportsBlue Gold stated that he was a key player in the scaling of this platform through a transformational phase. He was also a co-founder of NorthOutThe firm was later purchased by Eze Castle Integration Launched GreenRunA blockchain-based betting platform. Under his leadership, TripleBolt is delivering a secure, programmable foundation for the Blue Gold Token — enabling institutional-grade transparency, rapid deployment and integration into modern financial ecosystems.
An Integrated Phased-In Rollout
Blue Gold has announced that it will launch the Blue Gold Token in phases, beginning with a sale of tokens to strategic investors. Then, a wider launch will take place on blockchain platforms. The proceeds from this offering will help accelerate Blue Gold’s production schedule and fund the long-term plans of the company.
Blue Gold wasn’t the only company to release a digital coin backed with gold. Tether Gold is one example. Nature’s Gold, Paxos Gold, and Paxos Gold also exist. Blue Gold claims that its token is different from the rest because they own the mines, production and gold unlike other companies who source their gold in third party vaults. Blue Gold also leverages the forward contract instead of the existing value reserve, unlocking capital before mining. This is a way to monetize Blue Gold as well as provide a hedge to investors. The company also claims to have a partnership with TripleBolt, a first in technology. This makes the gold coin different than other coins available on the market. Blue Gold says its BGT token is underpinned by actual mining assets. It’s also guided by an experienced team that focuses on infrastructure and compliance. This could be a new benchmark in terms of how natural resources around the world are digitized and monetized.
Blue Gold wants to make gold something more than a commodity you buy and stash away until the end. Future tokenized gold might be used to secure loans, in financial transactions or even as central bank currency. If Blue Gold’s digital token, and other tokens like it, are successful then the future could be very bright for tokenized gold.
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