Dignity Gold Secures Gold Backing for New Digital Security Known as DIGau
Gold Backing is Secured by United States Domiciled Company
NEW YORK, April 13, 2021 /PRNewswire/ — Dignity Gold, LLC, (“Dignity Gold”) is pleased to announce that it has secured a pledge of gold for the gold based digital token of its wholly owned subsidiary, Dignity Corp. Dignity Gold has been engaged in negotiations with several potential gold backers and has examined each to find the best option for the Company and for all pending token holders. This process has included, among several others, SION Trading FZE’s purported Safe Keeping Receipt which it was contractually obligated to provide; this contract was canceled by Dignity Gold due to non-performance by SION.
The token, now to be known as “
DIGau“, will be backed by a minimum of $6 billion in gold reserves pledged to Dignity Gold under deeds of trust and a pledge and security agreement. As of March 26, 2021 this was represented by 3,442,144 ounces of gold reserves. Under the minimum provision, if the price of gold increases, the dollar backing amount will rise concurrently; if the market price of gold decreases, additional ounces will be pledged to Dignity Corp. to back the token. The deeds of trust and pledge and security agreement are evidenced by recorded liens in Dignity Gold’s favor filed with the respective County Recorders.
The gold that has been pledged to Dignity Gold, a portion of which is being provided to Dignity Corp., is represented by reserves at several gold and precious metals mines in the United States. The gold is currently located in tailings and alluvial placer deposits, with extraction intended to begin this year. Dignity Gold holds a lien and security interest on mining claims located in Lincoln County, Nevada and Mohave County, Arizona (the “Mining Claims”). The Mining Claims include one property subject to a NI 43-101 report, dated April 12, 2018, which valued its mineral deposits at $93,562,549,200, $7,742,304,000 of which is gold. A supplemental report dated March 30, 2021 showed a 33% increase in the valuation of these minerals.
In conjunction with the deeds of trust and pledge and security agreement, Dignity Gold has also entered into a forward purchase agreement for extracted gold from these properties. A portion of the gold purchased will be held by Dignity Corp. to enhance the backing of the DIGau token.
Dignity Corp. intends to issue the DIGau token (previously anticipated to be called “DIGG”) as soon as possible after clearing various securities regulatory compliance processes in cooperation with its partner, Tritaurian Capital, Incorporated, member FINRA and SIPC.
Dignity Gold has been working for over a year to complete the regulatory compliance process including providing and confirming the appropriate backing for a gold backed digital token. This has been a multi-faceted process, including the negotiations with several possible sources for the gold backing before selecting what Dignity Gold believes to be the best option.
About Dignity Gold, LLC
Founded in 2019 by Stephen Braverman and Kent Swig, Dignity Gold is the parent company of Dignity Corp. which intends to issue the Dignity token using the ticker DIGau backed by gold deposits located in the United States.
About Tritaurian Capital, Incorporated
Tritaurian is a registered broker-dealer and member of FINRA and SIPC. Tritaurian’s FINRA record is available at on FINRA BrokerCheck. Tritaurian is the first non-ATS broker-dealer to be approved for a license to sell digital private placement securities using distributed ledger technology, otherwise known as blockchain technology. Digital securities are an emerging, yet rapidly evolving, implementation of distributed ledger technology with the potential to increase access for investors and decrease cost for issuers. Tritaurian believes that blockchain-based securities improve transparency, increase security and streamline regulatory compliance through the open and programmable nature of blockchain tokens.
Impact Partners, email@example.com
SOURCE Dignity Gold, LLC
Related Links https://www.dignitygold.com
DIG cryptocurrency holders take note; see important changes to online CV of Dignity Gold chairman
Posted March 7, 2020 by Cryptocurrency Business Group Many holders of Dignity ($DIG) cryptocurrency tokens were encouraged by the realization that Kent Swig online curriculum vitae changed this week.
Swig is the chairman of Dignity Holdings, LLC, as well as the chairman of its subsidiary companies. Changes to the online CV which occurred this week included the additions of these previously unlisted subsidiary companies:
Significantly, changes were made to the reference to the subsidiary company Dignity Gold, LLC. That portion of Swig’s CV now reads:
Previously, the cryptocurrency was listed as Dignity (not Dignity Gold) and the symbol was listed as DIG (not DIGG). These changes lend credence to the widespread speculation that Dignity Gold will conduct a “swap” of its existing tokens.
Exactly what is a token swap? In its simplest terms, it is the digital upgrade of an older version of an existing token with a newer version, executed by the organization that holds the contract for the token. For instance, Dignity ($DIG) is currently in its third version.
Dignity Gold, LLC Announces New Corporate Advisor Engagements
NEW YORK, Feb. 27, 2020 /PRNewswire/ — Today, Dignity Gold, LLC (“Dignity Gold”) is pleased to announce its new advisor engagements. This team has been carefully selected and assembled since July of 2019. At the top in their industries, these parties have been working side-by-side with management to lead the company into its next chapter.
As previously announced, Dignity Gold, LLC uncovered discrepancies in the trading of the Dignity (DIG) token. Although Dignity Gold is unaware of how these discrepancies occurred, they appear to have resulted in the unauthorized and improper minting of new DIG tokens. Dignity Gold, LLC has not received any response from Livecoin.net with respect to its inquiries into these discrepancies, and Dignity tokens purchased on Livecoin.net after January 18, 2020 may not be valid.
Although Dignity Gold did not authorize the issuance of the DIG tokens, Dignity Gold’s management team, along with its advisors, is working on a remedy for DIG token holders. To be announced in the coming weeks, Dignity Gold plans to put a process in place for legitimate DIG token holders to achieve a solution from the current challenges they face.
The advisors include the following:
Tritaurian Capital, a FINRA registered U.S. investment bank serves as the compliance consultant to Dignity Gold, LLC and is the foremost expert in compliant and regulated security token offerings. It is the first broker/dealer to be approved for a license to sell digital private placement securities using distributed ledger technology, otherwise known as blockchain technology. Tritaurian believes that blockchain-based securities offer the opportunity to improve record keeping and transparency through the open nature of blockchains while increasing security and compliance through the programmable nature of blockchain tokens. By capitalizing on the background of its principals in investment banking, entrepreneurial growth companies and transformational technologies, Tritaurian examines every angle and opportunity for its clients in order to provide the highest quality financial advice and service possible.
Carlton Fields serves as legal counsel to Dignity Gold, LLC and is one of the leading firms in the United States within the practice of Securities and Investors. Specifically, the securities industry turns to Carlton Fields for its regulatory, enforcement, litigation, corporate finance and corporate needs. The National practice serves publicly-held corporations as well as the broker-dealer, investment advisor, and investment company components of the Securities Industry.
Impact Partners serves as the public and investor relations firm to Dignity Gold, LLC. The partners of Impact Partners have been senior advisors to some of the world’s most prestigious organizations, CEOs, as well as counseled multiple heads of state. The firm provides companies and their leadership with the insights and access necessary to activate competitive advantages that drive business results. With powerful connections across the global business and media landscape, their expertise puts their clients into the right rooms, with the right people at the right time. Their current client roster consists of leading venture capital firms, family offices / high net worth investors, and the companies they each invest their monies.
About Dignity Gold, LLC
Headquartered in Delaware with offices in New York City, Dignity Gold operates as a wholly-owned subsidiary of Dignity Holdings, LLC and a leader in cryptocurrency. It was founded in July of 2019 by Stephen Braverman and Kent Swig.
SOURCE Dignity Gold, LLC
Industry Veterans Launch Dignity Holdings, LLC
Newly-Formed Cryptocurrency and Mining Firm Acquires Cryptobontix
NEW YORK, July 25, 2019 /PRNewswire/ — Dignity Holdings, LLC, a leader in cryptocurrency and digital coin mining, today announced its official launch, and that its wholly owned subsidiaries Dignity Mining Group, LLC and Dignity Gold, LLC have acquired Cryptobontix, a family of tokens backed by SION Trading FZE’s gold in Dubai. Through the acquisition, Dignity Gold now owns four of Crytobontix’s digital cryptocurrencies: Dignity (DIG), Namaste (NAM), Honor (HNR) and Orectic (ORE). It will also continue the relationship with SION Trading FZE through the safe keeping receipt (SKR) for 395,000 kilograms of gold in addition to the tokens. The acquisition also includes Dignity Mining Group’s acquisition of an extensive mining operation based in Upstate New York. The newly-formed companies are being led by investment, technology and real estate industry veterans Stephen Braverman, who will serve as President and CEO, and Kent M. Swig, who will serve as Chairman.
“I am thrilled to announce the launch of Dignity Holdings and their subsidiaries,” stated Braverman. “Our groundbreaking technology and top-talent are unparalleled in the industry and I am eager to help grow our firm into one of the largest, most stable global cryptocurrencies.”
Dignity Gold is initially focusing its business on its cryptocurrency coin known as Dignity, which is traded on Livecoin.net under the symbol DIG, and backed by SION Trading FZE’s gold. Dignity Mining Group also has an extensive mining operation, which is being overseen by mining expert Hayden Gill, Founder and CEO of Hash One, one of the premier cryptocurrency mining advisory firms. Additionally, Dignity Mining Group uses cutting-edge technology for its mining operations, including 708 AMD mining rigs each running 12 Powercolor/TUL RX Vega 56 Nano graphics processing units.
Braverman brings with him more than 30 years of experience in securities trading and investment management. Prior to his current role, he was the Chief Operating Officer at Arbitrade Exchange, a centralized cryptocurrency exchange. He previously traded securities at Clearview Trading Advisors, Inc. and managed a discretionary account for a California-based investment fund. Braverman also spent 10 years at Knight Capital Group, Inc., where he served as Managing Director of Listed Equity Trading. He is the founder and former Board of Directors Chairman of Liquid Holdings, a trading technology company.
Swig is the President of Swig Equities, LLC, an investment and development firm focusing on the acquisition and development of real estate in New York City and California. He is also an Owner and Co-Chairman of Terra Holdings, LLC, one of the largest private real estate service companies in the United States, which owns real estate service firms Brown Harris Stevens and Halstead Real Estate. Additionally, Swig holds several other roles across renowned companies including serving as Owner and President of Helmsley Spear, LLC, founded in 1866, which is America’s oldest continually-operating real estate company; Owner of Falcon Pacific Construction, LLC, a construction company with divisions in ground-up and interior construction; and a Principal in The Swig Company, a family-owned real estate and hotel company based in San Francisco that owns more than 10 million square feet of commercial office space throughout the United States.
Dignity Mining Group and Dignity Gold are being legally represented by Mark Neubauer, Los Angeles Office Managing Shareholder, of the law firm Carlton Fields.
About Dignity Mining Group, LLC
Headquartered in Delaware with offices in New York City, Dignity Mining Group, LLC is a wholly-owned subsidiary of Dignity Holdings, LLC and a leader in cryptocurrency and digital coin mining. It was founded in 2019 by Stephen Braverman and Kent Swig. The company uses cutting-edge technology for its mining operations, including 708 AMD mining rigs each running 12 Powercolor/TUL RX Vega 56 Nano graphics processing units.
About Dignity Gold, LLC
Headquartered in Delaware with offices in New York City, Dignity Gold is a wholly-owned subsidiary of Dignity Holdings, LLC and a leader in cryptocurrency. It was founded in 2019 by Stephen Braverman and Kent Swig. Its cryptocurrency coin, Dignity (DIG), trades on Livecoin.net, and incorporates with the latest technology and is backed by SION Trading FZE’s gold in Dubai.
RUBENSTEIN PUBLIC RELATIONS
CONTACT: KATI BERGOU, 212-805-3014
SOURCE Dignity Holdings, LLC