PANews reported on November 20th that, according to Bloomberg, Swiss precious metals giant MKS PAMP SA is relaunching its gold token offering six years after a failed attempt, aiming to capitalize on growing market interest in digital physical gold. MKS PAMP has acquired Gold Token SA to revitalize its digital gold project.
MKS PAMP was one of the initial players to launch the DGLD token in 2019, a collaboration that also included CoinShares International Ltd. MKS PAMP CEO James Emmett stated that the initial launch was "premature," and the token remained largely dormant for many years afterward. This relaunch will involve the company's trading arm purchasing the tokens and providing liquidity on exchanges. MKS PAMP will issue DGLD tokens only to accredited institutions, who can then sell them on secondary cryptocurrency exchanges, operating similarly to other gold tokens. According to the company, the tokens can be exchanged for a corresponding amount of physical gold in quantities as low as 1 gram.
