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Aussie’s InfiniGold to launch Perth Mint Gold Token (PMGT)

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Oct 11, 2019

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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.

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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.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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