Digital Currency Revolution Series: Digix Announces DX Token Listing on Vietnam’s Leading Digital Asset Exchange

Singapore-based Digix, who is the pioneer in the world to create first asset-backed digital gold token, today announced the listing of its gold-backed token, ‘DGX’, on the Vietnam based VCC Exchange (VCC) in the continued expansion of the Digix trading network. The listing of DGX on VCC will allow Vietnamese customers purchase the tokens, which are pegged to investment-grade gold bullions, using Vietnamese Dong—substantially expanding the DGX trading ecosystem.

In a press release to us, the Co-Founder and COO of Digix, Shaun Djie, said: “Vietnam is fast becoming a bastion for digital assets consumption and blockchain development. We have seen a growing demand for digital assets within the country, as well as increased government and consumer interest in emerging blockchain technologies. As Vietnam’s appetite for digital assets grows, the listing of DGX on VCC exchange couldn’t be more timely. As expand Digix’s footprint in Southeast Asia listing DGX tokens on VCC will give Vietnamese retail investors far greater opportunity to purchase digital gold and unlock the benefits of this new asset class.”

VCC is aiming to give Vietnamese retail investors the opportunity to diversify their portfolios through the purchase of digital asset classes in a safe and transparent environment, VCC is built on the industry-leading, Bittrex platform. The introduction of DGX to the exchange follows the onboarding of numerous digital assets in recent weeks, which have seen more than 14 leading cryptocurrencies such as Enjin Coin, DASH, and Lisk join consumer favourites, bitcoin, Ethereum, and Ripple’s XRP on the platform.

The CEO of VCC Exchange, Thomas Dao, said: “Digix is a well-known pioneer in the development of digital gold, and is an exciting new addition to the growing number of token listings on VCC exchange. By introducing DGX to the VCC platform we hope to allow our users to enjoy the benefits of digital gold, at a time when digital asset markets are growing more mature and traditional financial markets are trending downward. This is a part of our broader efforts to expand the number of possibilities available to our users and to provide them with an optimal trading experience.”

VCC began listing DGX on 2 December 2019 at 13:00 SGT (UTC+8). The listing is now live with the VND trading pairs with the gold-backed token immediately available for trading. Exchange users who purchase DGX tokens will enjoy the possibility of exchanging their token back to Digix to redeem physical investment-grade gold bullion in Singapore and Canada.