Dogecoin Gold? A DOGE-Themed Company Is Joining the Tokenized Gold Rush

Dogecoin Cash Inc. announced Thursday that it is developing Dogecoin Gold, a planned token that would tie digital assets to physical gold reserves while borrowing the name from the most valuable and longest-running meme coin on the market.

The framework proposes tokens that represent precisely defined units of gold held by an independent custodian of institutional-grade precious metals. Under the proposed system, tokens would only be created when gold enters custody and removed from circulation after verified redemption.

“We are evaluating a framework that seeks to integrate verifiable ownership of physical gold with blockchain-based auditability and precision,” management wrote in a report. statement. “The goal is to determine whether a system can be structured in which real-world assets, mathematically defined units, and transparent digital infrastructure operate within a disciplined and verifiable environment.”

While full technical documentation is still available, the company said it plans to tokenize gold with nanogram-level precision, allowing one billion tokens to represent one gram of physical gold.

Tokenized gold is not a new conceptalthough the largest companies doing this today–Tether with its $2.7 billion XAUT token, and Paxos with its nearly $2.4 billion PAX Gold (PAXG) – measure their tokens in ounces, pegged to the price of real gold. Such tokens have risen in value and demand in recent months, while gold soared to new all-time highs.

Declutter reached out to Dogecoin Cash for more information about its tokenized gold plans, but did not immediately receive a response.

Dogecoin (DOGE) is the original and still most valuable meme coin with a market cap of over $15 billion. The Dogecoin Cash company has no formal ties to the creation of Dogecoin or the maintenance of the protocol, although it has collected both DOGE and counterfeit coins.

Dogecoin Cash was previously known as Cannabis Sativa Inc, with a focus on telehealth services and cannabis products, before rebranding in late 2024. The company initially raised a treasury of BNB Chain meme coin Dogecoin Cash (DOG) before saying last summer that it also maintain a separate treasury of the original Dogecoin.

The real DOGE rose 5% on Friday amid a broader market rally fueled by the reopening of the Strait of Hormuz, recently trading above $0.10 – its highest price in a month.