GLDT, the world’s first DAO-governed, gold-backed token, made its debut on October 30, 2024, offering a novel way to own and transact with the stability of physical gold.
Backed entirely by physical gold bars stored in Swiss vaults, GLDT introduces a decentralized model for gold ownership that could reshape how gold functions within digital finance.
The GLDT token is the latest attempt to merge blockchain with tangible assets. Each GLDT token is linked 1:1 with a Gold NFT (GLD NFT) — equating to 1 gram of gold. This enables users to convert their holdings seamlessly into physical gold or use it as a digital currency.
This structure makes GLDT the first of its kind: a tokenized asset fully backed by real gold, managed through a decentralized autonomous organization (DAO) rather than a centralized institution.
Vaulted by Loomis and audited by KPMG, the underlying Metalor gold bars ensure token security, while Switzerland’s reputation for financial custodianship further bolsters confidence.
GLDT’s framework leverages the Internet Computer Blockchain, allowing on-chain storage and data integrity for individual gold assets. This digital infrastructure allows token holders transparency in transactions at low cost, a vital feature as digital assets with physical backing gain traction.
GLDT aims to simplify access through its GLDT Swap, where users can convert GLD NFTs into GLDT tokens or acquire them through decentralized exchanges. Swiss-based crypto broker Bity.com facilitates initial purchases, with expansion plans for other cryptocurrencies on the horizon.
Beyond straightforward ownership, GLDT opens doors to decentralized finance (DeFi). Holders can provide liquidity by pairing GLDT with stablecoins or use it as collateral within lending and borrowing protocols.
Such functionalities align with GLDT’s ambition to be more than a digital gold equivalent, aspiring to become a foundational asset in the DeFi ecosystem.