Genuine New York real estate titan Kent Swig is backing a new cryptocurrency and has earned at least $6 billion in gold reserves for the company, according to a Bloomberg report.
The DIGau virtual token will be indexed at the price of the gold market, guaranteed through privileges opposed to mining claims in Nevada and Arizona that were guaranteed through Swig and the company of his spouse Stephen Braverman, Dignity Gold.
Swig, 60, said he had been looking for gold assets around the world for 18 months to protect the $6 billion in reserves.
Swig, owner of the genuine brown real estate company Brown Harris Stevens, said his interest in cryptocurrencies hurt him after his teenage son told him about the concept. Swig said DIGau would stand out as a gold-backed cryptographic security based in the US. But it’s not the first time That he would pay a dividend to the chip holders.
Institutional interest in cryptocurrencies has increased, at investment bank Morgan Stanley and electric vehicle manufacturer Tesla. Wall Street welcomed Coinbase on Wednesday, the first cryptocurrency exchange to begin publicly trading.
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