Denario utilizes blockchain technology to offer fully backed digital tokens for silver and gold, ensuring secure and compliant transactions for both institutional and retail investors. By providing a digital representation of physical precious metals stored in Swiss vaults, Denario addresses the need for a reliable and convenient investment vehicle that integrates seamlessly into everyday financial activities.
Funding
Funding not disclosed
Founders
Product
Problem
Investing in physical precious metals like silver and gold can be cumbersome due to storage costs, security concerns, and the complexities of physical delivery. Traditional investment vehicles such as ETFs may not offer direct ownership or the ability to easily transact within decentralized finance (DeFi) ecosystems.
Solution
Denario provides fully backed digital tokens representing ownership of physical silver and gold stored in Swiss vaults, offering a secure and compliant way for both institutional and retail investors to invest in precious metals. Each token represents co-ownership of the underlying metal, combining the stability of precious metals with the convenience and security of digital assets. Denario tokens can be seamlessly integrated into everyday financial activities and DeFi platforms, allowing holders to use their precious metal assets as collateral or for other decentralized applications. By leveraging blockchain technology, Denario offers a modern, reliable, and convenient way to invest in and utilize precious metals.
Target Audience
Denario targets both institutional and retail investors seeking a secure, compliant, and convenient way to invest in precious metals, as well as DeFi users looking to leverage real-world assets within decentralized applications.
Features
- Digital tokens fully backed by physical silver granules (DSC) or gold (DGC) with a purity grade of 999.9
- Precious metals securely stored in Swiss vaults with bi-annual audits by an independent firm
- Each DSC token represents one ounce of physical silver, while each DGC represents one ounce of gold
- Compliant with Swiss financial market regulations as a recognized security token
- Seamless integration with DeFi platforms, enabling use as collateral for stablecoins and other applications
- Fractionalized ownership down to eight decimal places, allowing for investments of any size
- Option for physical delivery of the underlying precious metal, subject to minimum quantity requirements
- Partnership with Honesto, a regulated trading platform, for easy purchase and custody of tokens