DGLD is best understood as a digital proof of ownership of allocated gold. It provides the convenience of a gold ETF with the independence of physical gold ownership and the 24/7 nature of digital assets. Before a new token is created, LBMA gold is allocated, placed in a Swiss vault, and DGLD representing that specific gold is created and sent to a DGLD wallet. Ownership of DGLD is 'proven' via the Bitcoin blockchain. This simple approach unleashes gold and renders it both digitally usable and physically redeemable on GOLD AVENUE.