Dogecoin Cash Inc. announced Thursday it is developing Dogecoin Gold, a planned token that would 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 would be created only when gold enters custody and removed from circulation upon verified redemption.
While full technical documentation is still forthcoming, the firm said it plans to tokenize gold with nanogram-level precision that would allow one billion tokens to represent one gram of physical gold.
Decrypt reached out to Dogecoin Cash for more information on its tokenized gold plans, but did not immediately receive a response.
