BitGo adds DGX, a cryptocurrency with gold support


It was reported by Coin Journal that the BitGo encrypted custody firm added support for Digx, a gold-supported cryptocurrency. This is due to the fact that the demand for encryption supported by real assets is increasing.

Kai C Chng, CEO of Digx, is quoted in the article:

"Having this integration puts DGX on a platform recognized by industry and would be a springboard for DGX to be listed on other major exchanges as we head towards the fourth quarter of 2018."

Digx, or DGX, is a currency backed by gold bars by refiners approved by the London Bullion Market Association. The company is based in Singapore and according to the company the coins are convertible into real gold. 1 coin = 1 gram of gold.

BitGo is one of the world's largest cryptographic transaction processors. The addition of this currency is highly optimistic for the proliferation of asset backed tokens!

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