UGold: A Gold-Backed Token Achieving $11.5 Billion Market Cap

UGold, a digital token fully backed by 99.99% pure physical gold, has reached a market capitalization of $11.5 billion, nearly doubling from $6 billion in just two and a half years. Issued by Genius Digital Partners, UGold combines gold’s stability with blockchain efficiency. Finvasia supports its global distribution, enabling seamless trading across multiple markets while maintaining near-perfect price tracking and full redeemability.

https://www.khaleejtimes.com/b....usiness/markets/at-1

UGold: A Gold-Backed Token Achieving $11.5 Billion Market Cap

UGold, a gold-backed digital asset, has grown from $6 billion to $11.5 billion in market capitalization within two and a half years. Each token is fully backed by one ounce of 99.99% pure physical gold, securely stored and deliverable globally. Developed by Genius Digital Partners, co-founded by Vasilis Oxenuk and Ilya Sorokin, UGold combines the stability of gold with the efficiency of blockchain technology. Finvasia's support has been instrumental, providing infrastructure, leadership, and a global distribution network. UGold's seamless trading across major exchanges and its near-perfect price tracking of gold underscore its status as a trusted, scalable, and fully redeemable gold-backed token.

https://www.investing.com/studios/article-382948

Finvasia Invests in UGold as Token's Market Capitalisation Reaches $11.5 Billion

Finvasia has acquired a stake in Genius Digital Partners, the issuer of UGold, a tokenised gold asset. UGold's market capitalisation has surged to $11.5 billion, nearly doubling from $6 billion over two and a half years. The token is fully backed by one ounce of 99.99% pure physical gold, securely stored and deliverable globally. Finvasia plans to integrate UGold across its licences and distribute it through its network in Europe, the UAE, South Africa, the UK, and Australia.

https://www.financemagnates.co....m/cryptocurrency/fin