| UGold, a tokenized gold asset backed by 99.99% pure physical gold, has reached a market capitalization of $11.5 billion. Finvasia has taken a stake in Genius Digital Partners, the developer behind UGold, after supporting the firm passively for several months. The decision to add the company to Finvasia’s holdings came after the tokenized gold continued to gain traction in the market. Finvasia will now integrate UGold across several of its licenses, support it with infrastructure and introductions, and distribute it through its network in Europe, the UAE, South Africa, the United Kingdom, and Australia |
