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Perth Mint Gold Token (PMGT) is a blockchain digital gold certificate supported by government-guaranteed gold assets. Each token is issued by InfiniGold and its intrinsic price is backed 1:1 by GoldPass certificates representing physical gold held by the Perth Mint. The Perth Mint is the gold refiner and custodian of the physical gold backing PMGT. The gold is safely stored in RBA-grade vaults and guaranteed by the Australian state governments.
PMGT is one of the most cost-effective digital gold assets. The characteristics of PMGT without transaction, storage or daily management fees make it a competitive alternative to traditional gold products and an ideal secure value store on the public blockchain. .