DII has partnered with Goldman Stone to be the preferred supplier of gold to the DII Fund. The agreement will allow DII to purchase LBMA certified gold at a fixed discounted rate in perpetuity, with a minimum tonnage to be agreed by both partners. DII will purchase the gold via a combination of cash and DIIC tokens, with the gold reserves to be held by the DII Fund in line with the fund’s hybrid tangible-asset, crypto-world investment strategy.
The gold reserves will be placed on account with DII’s local banking partner to provide collateral for seamless fiat banking services to token holders. DIIC token holders will be able to exchange their tokens directly for a fiat currency of their choice at the spot rate, navigating all the issues, hurdles and charges posed by current crypto platforms.
DII plans to integrate this service into the DII App, where consumers will be able to switch funds instantly between crypto and fiat currency for no cost. The DII App will be the first platform in the world to offer a full range of both crypto and fiat banking service side-by-side. We believe this level of integration to be the next critical step towards the financial world moving to a fully virtual ecosystem.