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Founded in Singapore in December 2014, DigixDAO (DGD) is developing a decentralized autonomous organization (DAO) that specializes in tokenizing physical assets. The project provides the necessary infrastructure to create blockchain-backed tokens representing physical assets. This enables the public verification of an asset's existence through its chain of custody using the Proof of Provenance (PoP) protocol, which utilizes the Ethereum network and the Interplanetary File System (IPFS).
Digix also offers an API that allows other applications to be built on top of its asset tokenization service.
Digix has two cryptocurrencies, Digix Gold (DGX) and DigixDAO (DGD).
The company reportedly sources its gold from LBMA-approved refiners and includes third-party auditing from Bureau Veritas for added security. The DGD crowdsale in March 2016 was the first major DAO crowdsale hosted on the Ethereum network.
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