InfiniGold, leading commodity digitization and registry service, incubated out of Australia’s Rozetta Institute that is pioneering the tokenization of commodities on private and public blockchains, has raised $6.25 million AUD in a Series B funding round.
The company also rebrands to a new name, Trovio, reflecting the agnostic nature of their technology which can be applied to a trove of different precious metals and commodity assets.
Read MoreGold has traditionally been an important part of most successful long-term investment plans. Gold tends to increase in value when the economy is in a decline, which makes it an effective hedge. But investing in gold traditionally comes with a number of drawbacks, ranging from storage fees to high minimum investments.
Now there’s a way for everyday investors to add gold investments to their portfolio — using the power of cryptocurrency. Universal Gold (UPXAU) is an ERC-20 gold token backed by pure physical gold. Investing in UPXAU can make it easier to add gold to your investment portfolio. Our guide to UPXAU will help you learn more and get started on the road to investing.
Read MoreUphold decidió incorporar Universal Gold (UPXAU). Por ese motivo, Cointelegraph en Español dialogó con Juan Pablo Thieriot, CEO de la firma, quien actualmente se encuentra en la República Oriental del Uruguay.
Read MoreThrough Universal Gold – or UPXAU – users will be given access to government-insured gold. Every token represents 1 troy ounce of gold stored in the vaults of Perth Mint in Australia. Digitizing access to the world’s leading precious metal is great news for cryptocurrency holders. Gold has gone through bullish momentum in 2020, and the trend isn’t slowing down just yet.
A cryptocurrency industry consortium known as the Universal Protocol Alliance has launched a new gold-backed stablecoin that is pegged to gold guaranteed by the Western Australian Perth Mint, which is owned by the Australian government.
Read MoreUphold, a digital investment platform based in San Francisco, announced what it calls “a better form of gold”: Universal Gold.
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