NEW YORK, Nov. 15, 2021 /PRNewswire/ -- Dignity Corporation ("Dignity Corp"), an established, US-based digital security that is crafting a revolutionary approach by leveraging gold reserves to peg against its token as a security, announced that its native DIGau token has been officially approved for listing on www.cryptosx.io. CryptoSX is a Digital Assets Exchange active across Asia-Pacific that offers a multi-faceted platform for Security Token Offerings (STOs) backed by Fiat/Crypto conversion capabilities.
Dignity Corp. is a blockchain development company that relies on a regulation-forward approach and security tokens to unlock new ways of investing in the United States precious metals, mining, and minerals sector.
"We're excited to potentially list the DIGau token on CryptoSX and expand access to the gold reserves-backed security that already has a strong base of investor interest," said Kent M. Swig, Chairman of Dignity Corporation. "DIGau offers the simplest path for a wide variety of investors to benefit from opportunities in the United States precious metals mining and minerals sector. DIGau's unique value lies in the way it combines gold reserves backing, the actual mining of the metals, and the creation of a fund in which the token holders may share in the profits, all registered and regulated in the United States."
The initial DIGau tokens may be issued under exemption from the registration requirements of the Securities Act provided by Rule 506(c) of Regulation D and Regulation S under the Securities Act. They are "restricted securities" as defined in Rule 144 under the Securities Act. Additional tokens may be issued to other groups of token holders going forward as they pass the same stringent KYC / AML, suitability, and documentation processes.
Philip Tam, Founder and CEO of CryptoSX said, "Our mission has always been about redefining the traditional investor mindset, particularly towards security-backed tokenized opportunities. That's fundamentally why my partners and I created CryptoSX three 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. Dignity brings an immense amount of passion and drive to do things differently within its vertical. To me it is obvious that they are going to go on to even greater things, and it is CryptoSX's promise to be there for them as an effective platform, and more importantly a trusted partner every step of the way."
About Dignity Gold, LLC
Founded in 2019 by Stephen Braverman and Kent M. 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.
With the empowerment of world-leading technologies, Cryptosx has built a cutting-edge platform for Security Token Offerings (STOs) backed by Fiat/Crypto conversion capabilities. Cryptosx is compliant with all of the applicable financial and virtual exchange policies and regulations of the Philippine Government under CEZA (Cagayan Economic Zone Authority) 'Rules on Digital Asset and Token Offerings' Supplement to CEZA Financial Technology Solutions and Offshore Virtual Currency Business Rules and Regulations of 2018 ('CEZAFTSOVCBRR of 2018'). CryptoSX was awarded a Full Principal License by CEZA in 2018.
No securities regulatory authority, digital assets securities exchange or stock exchange has approved or disapproved of the information contained in this news release or accepts responsibility for the adequacy or accuracy of this release. This material contains 'forward looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We undertake no obligation to revise these forward-looking statements to reflect events or circumstances that arise after the posting of this material and in no way guarantees the accuracy of this information at any time in the future.
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SOURCE Dignity Gold, LLC