SA's startup Troygold, has partnered with tokenised financial assets

Established in 2018 by brothers Bastiat and Dane Viljoen, the South African based startup Troygold digitises gold bullion and Krugerrands. It allows its customers to sell, buy, borrow or spend against their gold. The company has partnered with tokenside financial assets exchange Mesh trade to vend Bullion Krugerrand Tokens on its platform.
According to Disrupt Africa, Troygold digitises vaulted gold bars or coins with a serial number via its system, offering fractional or the whole ownership.
The physical gold reserves represented by Troygold's Krugerrand tokens on Mesh are kept in Johannesburg's Brink's, a reputable and safe vaulting facility that is known across the world. Mesh enables investors to purchase fractions of an ounce (oz) coin by tokenising the Krugerrands, with a minimum investment requirement of R50.
“All Troygold’s customers’ gold holdings are fully allocated, meaning you are buying either a whole or a fraction of an actual gold bullion Krugerrand,” Troygold and Mesh said.
“Even if you purchase a fraction of a 1oz coin, you are allocated as a co-owner of a gold bullion Krugerrand coin securely vaulted at Brink’s.”
The company urged its customers to download its audited monthly attestations of reserves that has all the details of the Krugerrand coins that are allocated to Mesh clients in the shared RMB Troygold vault at Brinks.