Australia’s 120-year-old Perth Mint has announced backing a new digital token PMGT. The main aim is to allow investors to trade precious metals in real-time. On Friday, InfiniGold introduced the Perth Mint Gold Token (PMGT). Moreover, 1:1 by GoldPass certificate backs PMGT.
The Government of Western Australia 100% guarantees the PMGT.
PMGT allows users to have a legal right over government-guaranteed physical gold stored at Perth mint. Moreover, professional services firm Ernst and Young designed The gold-backed token. PMGT provides an alternative to traditional gold investment products like ETFs.