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.

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