Digix and Traceto Partner for KYC Services
We are pleased to announce a new partnership where traceto.io will be providing Know Your Customer (KYC) services to Digix for its marketplace.
Digix is an asset tokenisation business that is in the process of rolling out Digix gold (DGX) tokens. DGX tokens are backed by 99.99% gold cast bars from London Bullion Market Association (LBMA)-approved refiners on a 1:1 basis, where 1 token is backed by 1 gram of gold that is securely stored in Digix’s partner vault that is located in Singapore.
With its proprietary technology, the Proof of Provenance (PoP) protocol, Digix ensures legitimacy and transparency in the digital ownership of physical assets. The PoP ensures that every step and requirement in the supply chain through which the gold changes hands, from the supplier to the custodial vault, is fulfilled to verify the authenticity and ownership of the gold.
Account registrations on the Digix marketplace commenced from March 26 2018, at 2pm (Singapore time).
traceto.io is a decentralised Know Your Customer (KYC) network that provides an inclusive KYC solution to cryptocurrency and blockchain product companies by fusing Smart Contract and Artificial Intelligence technologies. Leveraging over 5 decades of experience in Compliance and RegTech, traceto.io’s vision is to bridge the gap between the real and virtual world KYC processes.
To find out more about traceto.io and Digix, please refer to the links below: