Blockchain development company Dignity Corp has announced that its native DIGau token will list on BitGlobal.
The US-based company uses a gold reserve backed security token which allows investors to invest in the United States precious metals, mining, and mineral sector. Dignity Corp was founded in 2019 by Stephen Braverman and Kent M. Swig, and is the parent company of Dignity Corp. As of March 26, 2021 the DIGau token was backed by $6 billion in gold tailings and alluvial placer deposits.
The Chairman of Dignity Corp, Kent M. Swig, commented on the listing, noting:
“We are excited to add BitGlobal to the growing number of exchanges that will list DIGau, making the token readily available to investors and institutions across the globe who value verified gold reserve-backed investments,” “The DIGau token is a revolutionary, regulation-forward security that will be linked to actual mined metals, as well as a complementary investment fund where token holders can share in profits with dividends.”
BitGlobal, previously called Bithumb Global, is a next-generation digital asset exchange,and is launching new tools to help create inclusive community resources. DIGau token will list on BitGlobal on Wednesday, February 23rd.
It should be noted that Dignity Corp. is concurrently engaged in issuing DIGau tokens in private placements to certain investors under exemptions from the registration requirements of the Securities Act provided by Rule 506(c) of Regulation D and Regulation S of the Securities Act. The announcment notes that these tokens are “restricted securities as defined in Rule 144 of the Securities Act, and the tokens issued in Regulation S private placements “will not be eligible to trade on Bit Global unless and until certain restrictions are lifted and tokens issued in Regulation D private placements will not be eligible to trade on Bit Global”.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.