Because legal ownership of physical gold is represented in a digital form, it is often referred to as ‘digital gold’. It is an innovative way to hold and trade physical gold, at a competitive price point to alternative gold investments. The technology also allows for enhanced functionality such as faster settlement times including instant transfers of metal.
All GoldPass™ digital tokens are 100% backed by The Perth Mint’s physical gold stored in its central bank grade vaults, with the weight and purity of every ounce guaranteed by the Government of Western Australia.
You can submit a request to redeem your digital gold tokens for physical gold via the "Collect Physical" feature in the app.