Blue Gold Limited Partners with TripleBolt

Blue Gold Limited has partnered with TripleBolt Technology to launch a new blockchain-based digital asset called the Blue Gold Token (BGT). The BGT is a unique offering in the digital asset space because it is backed by legally binding forward delivery contracts for physical gold, rather than existing reserves. This allows Blue Gold to unlock value from its gold reserves before extraction, while offering investors a liquid and transparent way to participate in the gold market.

Here are some key details of the partnership and the new token:

The Token: The Blue Gold Token (BGT) is an ERC-20 token issued on the Ethereum network or a leading Layer 2 network. Each token represents a fractional claim on a forward delivery contract for one gram of physical gold.

The Partnership: Blue Gold Limited, a gold development company, provides the gold assets that back the token. TripleBolt Technology, a U.S.-based digital innovation firm with expertise in blockchain, provides the secure and scalable infrastructure for the token. The CEO of TripleBolt, Nathan Dionne, is a seasoned technologist with experience at Barstool Sports and other digital ventures.

The Innovation: Unlike other gold-backed tokens, which are typically backed by gold held in third-party vaults, the BGT is supported by Blue Gold’s own mining production. This vertically integrated model allows the company to proactively monetize its assets.

Blue Gold Limited has partnered with TripleBolt Technology to launch a new blockchain-based digital asset called the Blue Gold Token (BGT). The BGT is a unique offering in the digital asset space because it is backed by legally binding forward delivery contracts for physical gold, rather than existing reserves. This allows Blue Gold to unlock value from its gold reserves before extraction, while offering investors a liquid and transparent way to participate in the gold market.

Here are some key details of the partnership and the new token:

The Token: The Blue Gold Token (BGT) is an ERC-20 token issued on the Ethereum network or a leading Layer 2 network. Each token represents a fractional claim on a forward delivery contract for one gram of physical gold.

The Partnership: Blue Gold Limited, a gold development company, provides the gold assets that back the token. TripleBolt Technology, a U.S.-based digital innovation firm with expertise in blockchain, provides the secure and scalable infrastructure for the token. The CEO of TripleBolt, Nathan Dionne, is a seasoned technologist with experience at Barstool Sports and other digital ventures.

The Innovation: Unlike other gold-backed tokens, which are typically backed by gold held in third-party vaults, the BGT is supported by Blue Gold’s own mining production. This vertically integrated model allows the company to proactively monetize its assets.

Regulatory Structure: The BGT is being structured as a commodity futures utility token, not a security. This distinction is crucial for regulatory clarity and opens the door for a wider range of use cases, including integration with digital wallets and decentralized finance (DeFi) platforms.

Future Plans: Blue Gold aims to become a key player in the digital commodities market. The company is also exploring the development of a digital gold wallet and payment platform that would allow customers to hold and spend gold through everyday transactions. They are considering a gold-backed debit card to create a “mine-to-wallet” digital gold company.

Regulatory Structure: The BGT is being structured as a commodity futures utility token, not a security. This distinction is crucial for regulatory clarity and opens the door for a wider range of use cases, including integration with digital wallets and decentralized finance (DeFi) platforms.

Future Plans: Blue Gold aims to become a key player in the digital commodities market. The company is also exploring the development of a digital gold wallet and payment platform that would allow customers to hold and spend gold through everyday transactions. They are considering a gold-backed debit card to create a “mine-to-wallet” digital gold company.