Dogecoin Cash Inc. announced on Thursday that it is developing Dogecoin Gold, a planned token that will link digital assets to physical gold reserves while borrowing the name of the most valuable and longest-running meme coin on the market.
The framework proposes tokens representing precisely defined units of gold held by an independent, institutional-grade precious metals custodian. Under the proposed system, tokens will be created only when the gold is in custody and removed from circulation upon confirmed redemption.
“We are evaluating a framework that seeks to integrate verifiable ownership of physical gold with blockchain-based auditability and accuracy,” the administration wrote in one. statement. “The goal is to determine whether a system can be created in which real-world assets, mathematically defined entities, and transparent digital infrastructure operate in a disciplined and verifiable environment.”
While full technical documentation is still forthcoming, the firm said it plans to tokenize gold with nanogram-level precision, allowing one billion tokens to represent one gram of physical gold.
Tokenized gold Not a new concept.Although The biggest firms are doing it today.Tether with its $2.7 billion XAUT token, and Paxos with its nearly $2.4 billion PAX Gold (PAXG) – measure your tokens in ounces relative to the price of real gold. The price and demand for such tokens has increased in recent months as gold has reached new all-time highs.
Decrypt Dogecoin Cash reached out for more information about its tokenized gold plans, but did not immediately receive a response.
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Dogecoin (DOGE) is the original and still the most valuable meme coin with a market cap of over $15 billion. The Dogecoin Cash company has no official affiliation with the creation of Dogecoin or the maintenance of the protocol, although it has collected both DOGE and knockoff coins alike.
Dogecoin Cash was formerly known as Cannabis Sativa Inc., before changing its name in late 2024, focusing on telehealth services and cannabis products. BNB China meme coin Dogecoin Cash (DOG) last summer before saying it would happen. Also keep a separate treasury of the original Dogecoin.
The real DOGE rose 5% on Friday as broader markets rallied Reopening of the Strait of HormuzRecently trading above $0.10—its highest price in a month.