Vietnam-Based Crypto Exchange VCC Adds Support For Digix’s Gold-Backed Token

Announcements, News | December 4, 2019 By:

Smart asset technology platform Digix has announced the listing of its gold-backed token DGX on VCC Exchange, one of Vietnam’s top digital asset exchange.

Digix claims to be the world’s first smart-asset company using blockchain that accounts for the authentication and provenance of 99.99 percent investment-grade gold bullions. The company has registered physical gold bars on the blockchain, and has pegged each DGX token to 1 gram of London Bullion Market Association approved physical gold. The company claims that DGX significantly simplifies the process of investing in traditional gold markets — for retail and institutional investors alike.

Founded in 2018 VCC Exchange is one of the most established Vietnamese Digital Exchanges. It is connected to the liquidity pool and security infrastructure of Bittrex, offering users the same experience.

The listing of DGX on the VCC Exchange platform will allow Vietnamese customers to purchase the tokens using Vientamese Dong — substantially expanding the DGX trading ecosystem.

“Vietnam is fast becoming a bastion for digital assets consumption and blockchain development,” said Shaun Djie, Co-Founder and COO of Digix. “We have seen a growing demand for digital assets within the country, as well as increased government and consumer interest in emerging blockchain technologies. As Vietnam’s appetite for digital assets grows, the listing of DGX on VCC exchange couldn’t be more timely. As expand Digix’s footprint in Southeast Asia listing DGX tokens on VCC will give Vietnamese retail investors far greater opportunity to purchase digital gold and unlock the benefits of this new asset class.”

The addition of DGX to VCC Exchange follows the onboarding of numerous cryptocurrencies in recent weeks, which have seen more than 14 major digital assets such as Enjin Coin, DASH, and Lisk join top coins, bitcoin, Ethereum, and Ripple’s XRP on the platform.

“Digix is a well-known pioneer in the development of digital gold, and is an exciting new addition to the growing number of token listings on VCC exchange,” said Thomas Dao, CEO of VCC Exchange. “By introducing DGX to the VCC platform we hope to allow our users to enjoy the benefits of digital gold, at a time when digital asset markets are growing more mature and traditional financial markets are trending downward. This is a part of our broader efforts to expand the number of possibilities available to our users and to provide them with an optimal trading experience.”