This startup offers gold digitization-linked financial products that enable users to buy, sell, and invest in digital gold, providing a secure method for wealth management. By leveraging gold as an inflation-proof asset, the company facilitates flexible credit options for users seeking stability in their financial portfolios.
Funding
$380K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional methods of investing in and leveraging gold bullion can be cumbersome, often involving physical storage, high transaction costs, and limited accessibility for everyday transactions. This makes it difficult for individuals and businesses to use gold as a liquid asset for wealth preservation and financial flexibility.
Solution
Troygold offers a platform for digitizing gold ownership, enabling users to buy, sell, store, and spend gold bullion through a mobile app and associated services. Users can purchase fractions of gold Krugerrands, upload existing physical gold to be digitized and securely vaulted, and access credit facilities using their gold holdings as collateral. The platform also provides a gold-backed Mastercard, allowing users to spend their digital gold or access credit globally, bridging the gap between traditional gold investment and everyday financial transactions. By providing a secure, liquid, and accessible digital gold solution, Troygold aims to make gold a more practical asset for wealth management and inflation hedging.
Target Audience
Troygold targets individuals seeking a secure and accessible way to invest in gold as a hedge against inflation, as well as businesses looking to diversify their assets and protect their capital from economic instability.
Features
- Digital gold accounts backed by physical 1oz Krugerrand gold bullion, securely vaulted with RMB at Brink's vaults Johannesburg.
- Ability to buy, sell, and invest in digital gold in small increments.
- Option to upload existing physical gold Krugerrands for digitization and secure storage.
- Credit facility enabling users to borrow against their gold holdings.
- Gold-backed Mastercard for spending digital gold and accessing credit globally.
- Business accounts for converting funds and profits into gold to hedge against inflation.
- Fully insured gold holdings against loss by Lloyd's of London.
- Each 1oz Krugerrand is uniquely numbered, allocated, and segregated in the vault.
- Users can redeem their gold holdings anytime and have it courier delivered in 1oz denominations.