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DGLD
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DGLD

DGLD

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DGLD

DGLD

DGLD

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What is DGLD?

DGLD is a crypto-asset issued by Gold Token SA (GTSA), the tokenization arm of MKS PAMP, a Swiss precious-metals group with 60 years of history. Each DGLD token is digital evidence of a co-ownership right in one fine troy ounce of allocated, LBMA-certified gold, held in segregated, insured vaults in Switzerland under the custody of MKS PAMP SA. Vaulting, insurance, independent audits and the co-ownership registry are services embedded in the token. DGLD is issued natively on Ethereum, Base and Solana.

DGLD differs from other tokens, and from traditional ways of holding gold, in six ways:

  • Swiss heritage and custody: DGLD is issued within MKS PAMP, one of three LBMA and LPPM Good Delivery Referees worldwide. The refinery, the vault and the issuer sit in the same group.
  • Swiss from refinery to ledger: The gold is LBMA-certified and PAMP-refined, held under the custody of MKS PAMP SA, in segregated, secured and insured vaults at PAMP SA's facility in Castel San Pietro, Switzerland. DGLD is issued under Swiss law.
  • Verifiable bar by bar: The Gold Mapper at explorer.dgld.ch links any wallet to the specific PAMP bars it co-owns, showing serial numbers, refiner, fine weight, vault location and the latest signed audit.
  • All inclusive while you hold: Unlike gold ETFs or traditional vaulting solutions, there's no storage, custody or management fee while you hold DGLD. Creation and burning fees apply (initially 0.20% each), plus third-party costs for physical delivery, quoted beforehand.
  • Physical delivery from 1 gram: Because holders co-own the gold, they can request delivery of it, from 1 gram to tonnes, subject to KYC, AML and sanctions checks.
  • Instant 24/7 settlement: Fractionalized, 24/7 trading with instant on-chain settlement.

The DGLD token has six main uses:

  • Digital store of value: A digital safeguard against monetary instability, systemic risk and fiat currency debasement.
  • Hold allocated gold in your own wallet: DGLD gives you co-ownership of Swiss-vaulted gold that you hold in self-custody.
  • 24/7 trading and transfers: DGLD can be bought, sold and sent 24/7, in fractional amounts, with on-chain settlement in seconds on decentralized exchanges such as Uniswap (on Ethereum and Base).
  • Take physical delivery: Holders can take delivery of their gold from 1 gram, either to themselves or to a vault in their name.
  • Verify your holdings: The Gold Mapper is an explorer showing which bars you co-own, with refiner, fine weight and the latest signed audit.
  • Use it in DeFi: DGLD is built to work as collateral in DeFi, including lending and borrowing.

DGLD is issued by Gold Token SA, a wholly owned subsidiary of MKS PAMP SA. DGLD first launched in 2019. In November 2025, MKS PAMP acquired full ownership of Gold Token SA and relaunched DGLD, which is now issued natively on Ethereum, Base and Solana.

The idea is to combine allocated, Swiss-vaulted gold with what a crypto-asset can do: self-custody, transfer in seconds, use as collateral, and physical delivery on request, with the gold verifiable bar by bar.

DGLD first launched in 2019. It was relaunched after MKS PAMP took full ownership of Gold Token SA in November 2025.

DGLD can be used in several ways:

  • Hold it: Keep DGLD in a self-custody wallet as evidence of your co-ownership rights in allocated, insured gold vaulted in Switzerland. There's no storage, custody or management fee while you hold.
  • Trade and transfer it: Buy, sell and send DGLD 24/7, with on-chain settlement in seconds.
  • Verify it: Enter a wallet address or bar ID in the Gold Mapper at explorer.dgld.ch to see the bars you co-own and the latest signed audit.
  • Take delivery: Request physical delivery of your gold from 1 gram. A burning fee (initially 0.20%) applies, plus third-party delivery costs quoted before you confirm.

You can buy DGLD in the SwissBorg app for Android and iOS. DGLD also trades against USDC on decentralised exchanges, including Uniswap on Ethereum and Base, and Aerodrome on Base.

Prices on any venue may differ from the value of the gold. Before you trade on-chain, check that you're using the official DGLD contract addresses published at dgld.ch/audits.

Gold has a long record as money that no government issues and no bank owes. That's why savers, and central banks too, hold it when they worry about currencies losing purchasing power or about depending on a single reserve currency. Holding it has always come with friction, though. Bullion has to be stored, insured and sold through dealers during business hours, and a fund share doesn't give you the metal. Gold in a vault also sits still: it earns nothing and is hard to borrow against.

DGLD keeps the gold and removes much of that friction. You co-own allocated, LBMA-certified PAMP bars in Swiss vaults, held in your own wallet and verifiable bar by bar. DGLD trades and transfers 24/7, including weekends when traditional gold markets are closed, and it can be posted as collateral in DeFi protocols, to borrow against or to take part in lending markets. DGLD itself pays no yield: any return comes from the protocol you use, with that protocol's own risks, and trading depends on liquidity that third-party venues provide.

New DGLD is created only when an Authorised Participant, an institutional or professional client approved by GTSA, delivers LBMA-certified gold into custody. A creation fee (initially 0.20%) applies. Each token corresponds to a co-ownership right in one fine troy ounce of allocated gold, identified by its bar serial number. When a holder takes physical delivery, the corresponding tokens are burned and the co-ownership registry is updated. Everyone else acquires DGLD on the secondary market.

DGLD is issued natively on three chains: as an ERC-20 token on Ethereum and Base (an Ethereum Layer 2), and as a Token-2022 token on Solana. Each chain has its own independently allocated gold, so there's no bridged or wrapped supply. Transfers settle in seconds, and DGLD trades 24/7 in fractional amounts.

DGLD is issued and administered by Gold Token SA, which acts as administrator of the co-ownership: it keeps the registry of co-ownership rights, arranges vaulting, segregation and insurance with the custodian, and runs the Gold Mapper. Title to the gold sits with holders, and GTSA holds no ownership position in it. DGLD is issued under Swiss law. GTSA is a Swiss financial intermediary subject to Swiss anti-money-laundering rules and a member of VQF, a self-regulatory organisation supervised by FINMA.

Under MiCAR, DGLD is a crypto-asset other than an asset-referenced token or e-money token. Its white paper has been published and notified, and DGLD is listed on ESMA's Interim MiCA Register of notified Title II White Papers. No competent authority approves white papers of this type.

GTSA's aim is to make allocated, Swiss-vaulted gold usable wherever crypto-assets are used: held in self-custody, transferred in seconds, used as collateral in DeFi, and deliverable as metal on request, with every bar verifiable on the Gold Mapper.

DGLD trades on its own market dynamics. Its price will typically differ from the gold spot price and may become disconnected from it. GTSA doesn't guarantee any alignment, and nobody is obliged to provide liquidity or support the price. Smart contracts and blockchains can contain vulnerabilities, and DGLD sent to the wrong address or held with a lost key can't be recovered. Crypto-assets can lose their entire value, and DGLD isn't covered by EU investor compensation or deposit guarantee schemes. Whatever the market price does, holders remain co-owners of their gold and can request physical delivery. DGLD generates no yield. Full risk disclosures are in the white paper and in section 12 of the General Terms and Conditions.

This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset marketing communication.

The White Paper of the DGLD crypto-asset has been prepared according to Regulation (EU) 2023/1114 (MiCAR) and is published at dgld.ch.

Offeror: Gold Token SA, Promenade de Saint Antoine 10, 1204 Geneva, Switzerland. dgld.ch, +41 22 818 52 00, support@dgld.ch.

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