DGLD Notice // Delisting from Bitstamp Exchange and Physical Redemptions

10 February 2025

We’re pleased to announce that you can now redeem your DGLD via our partners at Gold Avenue - https://www.goldavenue.com/

Since launching DGLD in 2019, we have successfully provided a reliable and transparent way for users to invest in digitised gold. Each DGLD token is fully backed by one troy ounce of physical, LBMA-certified gold securely stored in high-security, insured Swiss vaults. However, in light of new regulatory requirements for asset-reference tokens (ARTs) under the Markets in Crypto-Assets (MiCA) Regulation in Europe, DGLD has been delisted from Bitstamp exchange and is no longer available for trading.

We want to reassure all token holders that every DGLD token remains backed by physical gold and remind them that our Proof of Reserve (PoR) system ensures full transparency of the allocated gold bar that your token co-owns.

Regulatory Landscape & Impact on DGLD:

MiCA has introduced significantly higher compliance standards for asset-referenced tokens (ARTs), including capital and reserve management rules, strict governance measures, and enhanced disclosure obligations. As a result, the increased compliance burden has made it unsustainable for us to continue issuing new DGLD tokens. Therefore, we have decided to pause token issuance indefinitely.

Key Assurances and Next Steps for DGLD Holders:

Physical Gold Backing: Each DGLD token you hold is fully backed by physical gold in Swiss vaults. This will remain unchanged, and your ownership is secure and verifiable.

Physical Redemptions: We are in the process of finalising the relationship with our partner to facilitate physical redemptions. Please check back here for more information on the 15th February, 2025. Alternatively, you can email your request to us directly at [email protected].

Advisory on Decentralised Exchanges: We strongly advise against using decentralised liquidity pools or exchanges due to risks of slippage, low liquidity, and unpredictable pricing.

Important Disclaimers:

Gold Token SA (GTSA) is not responsible for any losses or risks related to decentralised exchanges, including hacks, poor liquidity, or pricing discrepancies and does not endorse or support any decentralised exchange for trading DGLD tokens. Your rights and obligations as a token holder remain governed by the General Terms and Conditions you accepted when acquiring DGLD. We are committed to ensuring a smooth and secure transition out of DGLD during this period. If you require further assistance, please contact us at [email protected]. Thank you for your continued trust and support.

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