Dignity Corporation, an established US-based digital security that is crafting a revolutionary approach by leveraging gold reserves to peg against its token as a security, has announced that its security token DIGau has been approved for trading on CryptoSX—a digital asset exchange that allows investors from across the world to invest in cryptocurrencies in a more accessible and regulated way.
Dignity Corporation’s DIGau Tokens approved for listing on CryptoSX
As per a recent press release, the DIGau token is pegged to gold reserves deposited in the United States and issued by Dignity Corporation.
The company intends to allow users to take advantage of the myriad investment opportunities in the United States’ precious metal mining and mineral sectors.
The DIGau token stands out since it combines its audited gold deposit backings in the United States, the actual mining of the metal, and the decision of creating a complementary fund for the distribution of dividend payments among DIGau token holders.
Commenting on DIGau listing on CryptoSX, Kent M. Swig, the chairman of Dignity Corporation, said:
“We are excited to be able to list the DIGau token on CryptoSX and expand access to the gold reserves-backed security that already has a strong base of investor interest. DIGau offers the simplest path for a wide variety of investors to benefit from opportunities in the United States precious metals mining and minerals sector.”
“DIGau’s unique value lies in the way it combines gold reserves backing, the actual mining of the metals, and the creation of a fund in which the token holders may share in the profits of a complementary fund associated with the DIGau token, all registered and regulated in the United States.
CryptoSX is compliant with all the Philippine Government’s applicable financial and virtual exchange policies and regulations under CEZA exchange. The multi-faceted platform also serves as a portal for security token offerings (STOs) backed by crypto/fiat conversion capabilities.
DIGau are “Restricted Securities”
DIGau is categorized as “restricted securities” as per Rule 144 under the Securities Act.
The initial DIGau tokens were released on November 15, 2021, exempted from the registration requirements guided by Rule 506(c) of Regulation D and Regulation S of the Securities Act.
According to Dignity Corporation, only DIG token holders received DIGau tokens. Since DIGau is a regulated security, only users who have passed stringent AML and KYC laws may receive additional tokens.
About Dignity Gold, LLC
Founded in 2019 by Stephen Braverman and Kent M. Swig, Dignity Gold is the parent company of Dignity Corp. which intends to issue the Dignity token using the ticker DIGau backed by gold deposits located in the United States.