Summary
DGLD (Digital Gold Token) is a physically-backed gold token originally launched in October 2019 by a consortium of CoinShares, Blockchain.com, and MKS PAMP SA on CommerceBlock's Ocean Bitcoin sidechain. The project went dormant by 2020 due to liquidity failure and market under-adoption, and the underlying infrastructure provider CommerceBlock later shut down entirely. MKS PAMP relaunched DGLD in late 2025 under full ownership of Gold Token SA, migrating to Ethereum and Base — but significant jurisdictional restrictions, minimal liquidity, contractual liability exclusions, and the project's history of abandonment remain concerns.
Connected Entities
1 entitiesTimeline(6 events)
2019-02-22
FINMA issues ruling classifying DGLD as a payment token under Swiss law.
2019-10-15
DGLD launches on CommerceBlock's Ocean Bitcoin sidechain backed by ~$20M in physical gold.
2020-01-01
Trading activity declines significantly; project moves toward dormancy.
2021-01-01
DGLD effectively dormant. CommerceBlock, the Ocean sidechain operator, ceases operations.
2025-11-20
MKS PAMP S.A. acquires full ownership of Gold Token S.A. and announces relaunch of DGLD.
2025-12-16
DGLD relaunches on Base network via Aerodrome Finance; issuance restricted to accredited institutions.
Decision Log
- hash: 3zdRZoRrzx3DeDW8P5T51iis6jW7WbDB7zHJWzMcWBQc
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-5
generated: 5/4/2026, 2:54:18 AM
last updated: 5/28/2026, 8:24:54 PM
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