Perth Mint Gold Token - PMGT
The Perth Mint Gold Token (PMGT) is the first digital gold token on a public blockchain ultimately backed by government guaranteed gold.
Each digital token is issued by InfiniGold and backed by physical gold held by The Perth Mint.
For further information about PMGT, please refer to InfiniGold’s official PMGT website.
How is PMGT backed by physical gold?
The Perth Mint is the custodian of the physical gold which ultimately backs each PMGT.
Each token is backed 1:1 by a GoldPass digital gold certificate issued by The Perth Mint. Each digital gold certificate is in turn 100% backed by physical gold stored securely in The Perth Mint’s vaults and guaranteed by the Government of Western Australia.
GoldPass is a Perth Mint app which allows investors to instantly and securely buy, sell and transfer physical gold via digital certificates that are 100% backed by physical gold held by The Perth Mint.
InfiniGold holds GoldPass certificates directly with The Perth Mint.
InfiniGold GoldPass holdings
The Perth Mint confirms the current volume of GoldPass digital gold certificates held by InfiniGold Custodians Pty Ltd in the following table:
|InfiniGold GoldPass Holdings|
|PMGT Total Supply|
The Government of Western Australia exclusively guarantees the gold held by The Perth Mint which underlies all GoldPass certificates*
*For the avoidance of doubt, The Perth Mint does not guarantee the InfiniGold-issued PMGT or InfiniGold’s operation of PMGT on the blockchain. It only guarantees the gold securely held by The Perth Mint, which underlies all GoldPass certificates.