Gold Apple Token (GAT) is a cryptographic token built on the Ethereum network using the ERC20 standard. We set up real gold as safeguard, which is in turn supported by physical gold held at Gold Apple. GAT is the first gold token on the public blockchain that is supported by the safeguard gold. It combines the Gold Apple expertise, scale and tradition of quality in gold production and storage with the innovative advantages of blockchain technologies.
GAT is an institutional-grade product, bringing unprecedented efficiency, security, reliability and trust to holding and trading physical gold on the blockchain. GAT is fully integrated with Gold Apple’s existing wallet platform, which is also based on blockchain technology. It offers the direct exchange of GAT for GAT holders.
GAT is a tokenized representation of ownership of underlying Gold Apple platform. Each issuance of GAT corresponds to specific underlying Gold Apple App which is held on trust, by a custodian, for the token holder. Each certificate is recorded by the custodian separately, without being pooled, combined or commingled with other certificates.