Dogecoin Cash Inc. revealed on Thursday its plans to develop Dogecoin Gold, a token that aims to link digital assets to physical gold reserves, drawing inspiration from the most notable and enduring meme coin in existence.
The proposed structure involves tokens representing specific units of gold held by an independent, institutional-grade precious metals custodian. Tokens would be generated only when gold is deposited into custody and withdrawn upon verified redemption.
“We are assessing a framework that aims to merge verifiable physical gold ownership with blockchain-based auditability and precision,” the company noted in a statement. “The goal is to explore whether a system can be designed where real-world assets, mathematically defined units, and transparent digital infrastructure function within a disciplined and verifiable setting.”
Although comprehensive technical documentation has yet to be released, Dogecoin Cash intends to tokenize gold with nanogram-level precision, enabling one billion tokens to correspond to one gram of physical gold.
While the idea of tokenized gold is not new, major players like Tether’s $2.7 billion XAUT and Paxos’ nearly $2.4 billion PAX Gold (PAXG) currently measure their tokens in ounces linked to real gold prices. These tokens have seen a rise in value and demand recently as gold reached unprecedented highs.
Decrypt attempted to gather further details from Dogecoin Cash regarding its tokenized gold initiatives but did not receive an immediate response.
Dogecoin (DOGE), the original and most valuable meme coin, boasts a market cap exceeding $15 billion. Dogecoin Cash is not officially affiliated with Dogecoin’s creation or maintenance, although it holds both DOGE and similar coins in its portfolio.
Previously known as Cannabis Sativa Inc., which focused on telehealth services and cannabis products, the company rebranded to Dogecoin Cash in late 2024. Initially, it accumulated a treasury of the BNB Chain’s meme coin Dogecoin Cash (DOG) before announcing last summer that it would also maintain a separate DOGE treasury.
The actual DOGE saw a 5% increase on Friday amid broader market gains following the reopening of the Strait of Hormuz, trading above $0.10—its highest level in a month.