2021-11-17 04:10 |
Dignity Corporation , anestablished, US-based digital security that is crafting out a revolutionary approach byleveraging gold reserves to peg against its token as security, announced that theirnative DIGau token will be officially approved for trading only on www.cryptosx.io in Q42021. CryptoSX, a Digital Assets Exchange active across Asia-Pacific offers a multi-faceted platform for Security Token Offerings (STOs) backed by Fiat/Crypto conversioncapabilities.
Dignity Corp. is a blockchain development company that relies on a regulation-forwardapproach and security tokens to unlock new ways of investing in the United Statesprecious metals, mining, and minerals sector.
“We’re excited to potentially list the DIGau token on CryptoSX and expand access to thegold reserves-backed security that already has a strong base of investor interest,” saidKent M. Swig, Chairman of Dignity Corporation. “DIGau offers the simplest path for awide variety of investors to benefit from opportunities in the United States preciousmetals mining and minerals sector. DIGau’s unique value lies in the way it combinesgold reserves backing, the actual mining of the metals, and the creation of a fund inwhich the token holders may share in the profits, all registered and regulated in theUnited States.”
The initial DIGau tokens were issued under exemption from the registrationrequirements of the Securities Act provided by Rule 506(c) of Regulation D andRegulation S under the Securities Act. They are “restricted securities” as defined inRule 144 under the Securities Act. Additional tokens may be issued to other groups oftoken holders going forward as they pass the same stringent KYC / AML, suitability, anddocumentation processes.
Philip Tam, Founder and CEO of CryptoSX said, “Our mission has always been aboutredefining the traditional investor mindset, particularly towards security-backedtokenized opportunities. That’s fundamentally why my partners and I created CryptoSXthree years ago – to essentially showcase to the global investor arena, a potential that
is fairly unsaturated, waiting to be unlocked via the STO investment space. Dignitybrings an immense amount of passion and drive to do things differently within their ownniche. To me it is obvious that they are going to go on to even greater things, and it isCryptoSX’s promise to be there for them as an effective platform, and more importantlya trusted partner every step of the way.”
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