ComTech will deposit physical gold bars in DMCC-approved vaults, according to an announcement on Monday. DMCC is the largest free-trade zone in the United Arab Emirates. These gold bars deposits will also be registered on Tradeflow, an online platform created by the DMCC to track the provenance of physical commodities kept in its vaults in the UAE.

The ComTech Gold system is built on the XDC Network. XDC is the world's first Hybrid Blockchain. It connects both public state and private sub-networks. This protects your data while remaining transparent and auditable. XDC's goal is to help enterprises enhance their business infrastructure, reduce costs, and improve visibility.

On Nov. 21, 2022, the DMCC announced a partnership with Comtech Gold as the UAE Free Zone plans to tokenize gold settlement. The announcement says that a crypto coin called the commtech gold token (CGO) will be minted using the Xinfin Protocol (XDC) blockchain network.

XDC Network is an enterprise-grade, open-source blockchain protocol. An EVM-compatible chain with enforceable smart contracts, it is uniquely suited to revolutionize, decentralize, and liquify the trade finance industry through the tokenization of real world assets and financial instruments.

2022年10月20日 · Comtech Gold has added another dimension to gold trading by issuing standardized digital gold backed by 100% physical gold. Built on XinFin XDC Network, an advanced blockchain, the project is...

One CGO represents one pure gram of gold. Fully backed, redeemable, and regulated

ComTech Gold is redefining the tokenization infrastructure by the digitization of Gold using Blockchain Technology that allows both institutional and retail communities to get access to Gold electronically anywhere across the Globe.

2022年12月10日 · Comtech Gold Tokens (“CGO”) will be created on the XinFin Protocol (XDC) blockchain network based on the deposit of physical gold bars located in DMCC-approved vaults. Each gold bar will be backed by a Tradeflow warrant, meaning that the increased ease of trading a tokenised asset is combined with the additional security, transparency, and ...

XDC Network is an enterprise-grade, open-source blockchain protocol. An EVM-compatible chain with enforceable smart contracts, it is uniquely suited to revolutionize, decentralize, and liquify the trade finance industry through the tokenization of real world assets and financial instruments.

ComTech solves the problem of owning and trading gold by providing a 100% gold-backed cryptocurrency. Physical gold is hard to store and transport, while gold futures are easy to trade but don't give ownership of the underlying commodity.