BlocPal and VNX Commodities partner to launch gold-backed token
27 November 2025 US
Image: mojo_cp/stock.adobe.com
BlocPal and VNX Commodities have partnered to launch a gold-backed digital token, BPG1, generated under a regulated framework, with each coin being backed by one troy ounce of 99.5 per cent fine gold.
BlocPal coordinates the token’s generation and redemption, with the minting of new tokens only taking place once physical gold has been allocated by VNX.
BPG1 can be traded in the same way as other digital assets, but can also be redeemed for physical gold, with delivery available through insured shipping at standard logistics costs, according to BlocPal.
The token’s distribution programme is built on Blocpal’s B2B2C infrastructure and will be available through regulated exchanges and precious metal dealers, among others.
BlocPal intends for the token to unite TradFi and DeFi by making gold more accessible and transparent.
The company’s decentralised digital asset exchange platform, BlocPalX, will support its B2B2C model by enabling qualified strategic partners, including liquidity providers, distributors, and market makers, to integrate BPG1 into their offerings.
CEO of BlocPal, Nick Mellios, says: “BPG1 offers a secure digital asset combining the stability of physical gold with the accessibility of modern digital finance.”
Alexander Tkachenko, Founder and CEO of VNX, believes: “Our partnership with BlocPal reflects VNX’s collaborative approach to bringing real-world assets on-chain.”
BPG1 is being initially generated on the Ethereum blockchain, with support for Solana and other networks to follow.
The token will maintain cross-chain consistency through a burn-and-mint mechanism that avoids third-party bridges, preserving the one-to-one gold ratio across supported networks, according to the companies.
BlocPal coordinates the token’s generation and redemption, with the minting of new tokens only taking place once physical gold has been allocated by VNX.
BPG1 can be traded in the same way as other digital assets, but can also be redeemed for physical gold, with delivery available through insured shipping at standard logistics costs, according to BlocPal.
The token’s distribution programme is built on Blocpal’s B2B2C infrastructure and will be available through regulated exchanges and precious metal dealers, among others.
BlocPal intends for the token to unite TradFi and DeFi by making gold more accessible and transparent.
The company’s decentralised digital asset exchange platform, BlocPalX, will support its B2B2C model by enabling qualified strategic partners, including liquidity providers, distributors, and market makers, to integrate BPG1 into their offerings.
CEO of BlocPal, Nick Mellios, says: “BPG1 offers a secure digital asset combining the stability of physical gold with the accessibility of modern digital finance.”
Alexander Tkachenko, Founder and CEO of VNX, believes: “Our partnership with BlocPal reflects VNX’s collaborative approach to bringing real-world assets on-chain.”
BPG1 is being initially generated on the Ethereum blockchain, with support for Solana and other networks to follow.
The token will maintain cross-chain consistency through a burn-and-mint mechanism that avoids third-party bridges, preserving the one-to-one gold ratio across supported networks, according to the companies.
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