LAS VEGAS, Sept. 20, 2018 /PRNewswire/ -- Preferred Trust Company announces today that they will be the first custodian to custody blockchain digital gold offered by DGGold™ that is powered by the VaultChain™ Gold platform and vaulted with the Royal Canadian Mint. DGGold™ will be offered through Dillon Gage and is scheduled to launch on October 1, 2018.
This next generation solution for investing in physical gold reduces the cost of acquisition of a gold investment due to no fabrication or annual storage fees. Instead of investing in bars of gold, clients simply invest in physical gold which is audited and maintained by a cryptographically secure blockchain database to independently verify their ownership of gold. "Our clients open self-directed IRAs to diversify their retirement portfolio with collateralized investments in mind. Unlike, a gold Exchange-Traded Fund (ETF), DGGold™ is an investment in physical gold owned by the IRA, whose holdings are stored on a bailor-bailee basis with the Royal Canadian Mint and deliverable at the request of the IRA owner upon distribution," states Chris Trembly, Director of Operations of Preferred Trust Company.
Gold purity standards required by the Internal Revenue Service as an allowable IRA investment is 99.95%. The DGGold™ purity standard is 99.99%. "As one of the world's largest precious metals wholesale firms and leading technology innovators in the industry, Dillon Gage is proud to work with Preferred Trust Company to introduce DGGold™ to the self-directed IRA community," states Terry Hanlon, President of Dillon Gage.
About Preferred Trust Company
Preferred Trust Company is a state-regulated trust company governed and examined by the Financial Institution Division of Nevada. For over a decade, the firm has provided clients with regulatory compliant custodial services throughout the United States. Preferred Trust Company performs the duties of an independent retirement custodian, and, as such, does not provide investment advice, sell investments or offer any tax or legal advice. Potential clients are advised to perform their own due diligence in choosing an attorney, tax advisor, or any investment opportunity. Visit www.preferredtrustcompany.com or email email@example.com for more information.
Contact: Izzy Irizarry
Preferred Trust Company
SOURCE Preferred Trust Company