Digix, creator of the world’s first asset-backed digital gold token, today announced the listing of its gold-backed token, DGX, on the Singapore and Vietnam based crypto exchange VCC.
The listing of DGX on VCC will allow Vietnamese customers to purchase the tokens, which are pegged to investment-grade gold bullions, using Vietnamese Dong—substantially expanding the DGX trading ecosystem.
“Vietnam is fast becoming a bastion for digital assets consumption and blockchain development. We have seen a growing demand for digital assets within the country, as well as increased government and consumer interest in emerging blockchain technologies. As Vietnam’s appetite for digital assets grows, the listing of DGX on VCC exchange couldn’t be more timely. As expand Digix’s footprint in Southeast Asia listing DGX tokens on VCC will give Vietnamese retail investors far greater opportunity to purchase digital gold and unlock the benefits of this new asset class.”
– Shaun Djie, Co-Founder and COO of Digix
Headquartered in Singapore, and with a base in Hanoi, Vietnam, VCC is one of the leading digital asset exchanges geared predominantly toward the Vietnamese market.
Aiming to give Vietnamese retail investors the opportunity to diversify their portfolios through the purchase of digital asset classes in a safe and transparent environment, VCC is built on the industry-leading, Bittrex platform.
The introduction of DGX to the exchange follows the onboarding of numerous digital assets in recent weeks, which have seen more than 14 leading cryptocurrencies such as Enjin Coin, DASH, and Lisk join popular coins including bitcoin, Ethereum, and Ripple’s XRP.
Digix is the world’s first smart-asset company using blockchain that accounts for the authentication and provenance of 99.99 percent investment-grade gold bullions. The company has registered physical gold bars on the blockchain, and has pegged each DGX token to 1 gram of London Bullion Market Association approved physical gold.
“Digix is a well-known pioneer in the development of digital gold, and is an exciting new addition to the growing number of token listings on VCC exchange. By introducing DGX to the VCC platform we hope to allow our users to enjoy the benefits of digital gold, at a time when digital asset markets are growing more mature and traditional financial markets are trending downward. This is a part of our broader efforts to expand the number of possibilities available to our users and to provide them with optimal trading experience.”
– Thomas Dao, CEO of VCC Exchange
The introduction of DGX to VCC exchange comes just days after the announcement that the gold-backed digital asset had been listed on Switcheo, a leading decentralized exchange based in Singapore.
Both listings mark the continued efforts of the company to further expand the Digix network and to increase the availability and accessibility of DGX in Southeast Asia.
The DGX listing is now live for VND trading pairs with the gold-backed token immediately available for trading. Exchange users who purchase DGX tokens will enjoy the possibility of exchanging their token back to Digix to redeem physical investment-grade gold bullion in Singapore and Canada.