October 7, 2024
Redwood City, CA, USA – Cow Group, in partnership with leading tokenization tech provider, DigiShares, proudly announces the launch of MyGold™, a gold-backed stablecoin designed to redefine stable asset investments. MyGold™ combines the security of physical gold with the income potential of Cow Group’s SWIM (Systematic Wealth & Income Multiplier) program, offering unparalleled liquidity and passive income opportunities.
MyGold™ aims to be a multibillion-dollar opportunity, providing both investors and institutions with a secure, value-growing asset backed by 50% physical gold and 50% SIRI Tokens. The stablecoin’s fractional model stabilizes prices through seigniorage algorithms, ensuring value retention at $1 per coin.
Investors can participate with as little as $1, benefitting from weekly trade cycles and a global network of partnerships, including vault providers and gold refinery leaders like Valcambi and MMTC Pamp. MyGold™ integrates with retail and wholesale markets, ensuring a steady passive income stream for its users.
Key Features:
- 100% Gold Reserve: Each MyGold™ token is backed by gold and SIRI Tokens.
- Income Generation: The SWIM program allows gold to be traded, generating passive income.
- Global Partnerships: Cow Group is finalizing partnerships with global institutions for secure storage and token distribution.
Powered by DigiShares, MyGold™ ensures seamless token management and trading through secure blockchain technology. The official launch is set for September 25, 2024, with gold sourced from trusted global suppliers.
Cow Group’s Chief Visionary Architect, Laxmi Prasad, emphasized: “MyGold™ is a first-of-its-kind product offering stability and compounding returns, setting a new standard in stablecoin investments.”
Laxmi Prasad further commented: “DigiShares has been an invaluable partner in helping us create a robust, scalable platform that meets the highest standards of security and regulatory compliance. Their blockchain expertise enables MyCow.io to offer a seamless investor experience, while ensuring our token supply aligns with the market’s needs.”
Claus Skaaning, CEO, DigiShares, commented, “”MyGold™ is a truly visionary tokenization project that we are proud will be supported by DigiShares technology.“
About Cow Group
Cow Group is a global leader in innovative financial products, specializing in the development of asset-backed tokens. Through cutting-edge solutions like MyGold™, Cow Group is committed to providing secure, stable, and growth-oriented investment opportunities.
About DigiShares
DigiShares is one of the leading providers of white-label tokenization platforms for real-world assets, combining financing, corporate management, and trading in an end-to-end solution. Our solutions enable asset owners and fund managers to digitize and automate processes, reduce administrative costs, fractionalize assets to democratize investment, and significantly increase liquidity through a built-in marketplace that enables shareholders to trade their assets. We will soon be launching RealEstate.Exchange, the world’s first regulated and licensed exchange to trade tokenized real estate.