The Perth Mint Gold Token (PMGT) is a blockchain-based digital gold token backed by government-guaranteed gold assets. Each token is issued by InfiniGold and its intrinsic value is 1:1 supported by a GoldPass certificate that represents physical gold held by the Perth Mint. The Perth Mint is a gold refiner and custodian of the physical gold backing PMGT. This gold is securely stored in Australian central bank-grade vaults and is guaranteed by the Australian State Government.
PMGT is one of the most cost-effective digital gold assets available. It is a competitive alternative to traditional gold products due to its zero transaction, storage, or daily management fees, making it an ideal safe-haven asset on a public blockchain.