Blue Gold completes beta test for gold-backed digital token

Blue Gold Limited (BGL) completed a beta program for its Standard Gold Coin and ONE Wallet digital products, targeting a public launch in the second quarter of 2026.

The Standard Gold Coin is an ERC-20 token built on Base, Coinbase’s Layer 2 blockchain network. Each token is backed by physical gold bullion stored in Brinks Dubai. The company has begun on-chain minting of the tokens, creating a link between digital tokens and physical gold bars.

Beta users can view bar serial numbers, vault allocations, and real-time gold price data through the ONE Wallet app. The self-custody wallet enables users to convert USD via USDC, purchase and hold Standard Gold Coin tokens, and transfer gold between users.

"We built Standard Gold Coin to give anyone in the world the ability to own real, allocated gold — not a derivative, not a paper promise, but physical bullion with a serial number and a vault location," said Andrew Cavaghan, Chief Executive Officer of Blue Gold.

The wallet infrastructure was developed in partnership with Thirdweb, a Web3 development platform. The system uses Chainlink Oracle for real-time gold price feeds and portfolio tracking.

Blue Gold stated that users can view their bar serial numbers, lot numbers, and gram allocations in real time within the app. The company reported receiving positive user feedback regarding the product design and usability during the beta phase.

Blue Gold Limited is a gold development company that acquires mining assets across global jurisdictions. The company focuses on combining resource acquisition with digital financial instruments.