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Coinshare releases Gold Backed Coin Today

Ramsey Baker

Summary: Coinshare, the digital asset manager, is adding a new gold backed virtual token DGLD which will be available on the bitcoin blockchain, according to CoinDesk. This team up with precious medal trader MKS (Switzerland) SA has been two years in the making. The network will open up Tuesday with $20 million in gold located in ...

Coinshare, the digital asset manager, is adding a new gold backed virtual token DGLD which will be available on the bitcoin blockchain, according to CoinDesk.

This team up with precious medal trader MKS (Switzerland) SA has been two years in the making. The network will open up Tuesday with $20 million in gold located in a vault in Sweden to back up the tokens. Each DGLD token is backed up by 1/10th troy ounce.

By Ramsey Baker

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