MKS PAMP

DGLD is issued by Gold Token SA (GTSA), which MKS PAMP acquired full ownership of in November 2025 to relaunch the token (originally issued in 2019). GTSA is Swiss-based and regulated through VQF, a FINMA-supervised self-regulatory organization. Structured under Swiss law to represent direct legal ownership of specific allocated bars — described by GTSA's CEO as 'closer to an ownership certificate than to a financial product,' not a claim on an issuer.

Insured Swiss vaults maintained by the MKS PAMP Group (a ~60-year Swiss bullion refiner and one of only three LBMA/LPPM-approved Good Delivery Referees worldwide).

Redeemable for physical gold in amounts as small as 1 gram — a materially lower minimum than PAXG/XAUT's ~430 oz bar-based minimums. Sold only to accredited institutions at issuance, who can then distribute to secondary markets. No issuance/redemption fees at launch (unusual — most gold tokens charge on both sides).

Originally issued on a Bitcoin sidechain (2019); relaunched in December 2025 on Base (Coinbase's Ethereum L2), with Aerodrome DEX liquidity.

Split confidence — reported (audit cadence, from GTSA's own site) / unknown (specific auditor identity)

Gold Token SA states (on its own domain) that it runs annual financial and third-party AML audits, plus technology audits on all major development releases, alongside ongoing SRO compliance examinations. No specific named auditing firm was found for these audits in any source checked — a genuine gap compared to peers like Matrixdock (Bureau Veritas) or Paxos (named monthly attestation program).