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The company from Dubai creates the world's first digital currency, which will be provided with a gold reserve.


OneGram, a Dubai-based company in Islamic financial services and technology, in partnership with GoldGuard, which builds one of the world's largest gold storage facilities in Dubai, creates the world's first digital currency, secured by gold.


For each token will be one gram of gold, the report said.


OneGram employs a staff of scholars in the field of Sharia, which guarantees full compliance with the requirements of Islamic finance.


The market will be issued a maximum of 12,400,786 OneGramCoin tokens (OGC), making OneGram the largest issuer of mass crypto currency in history. At the current spot gold price, the deal to sell all the tokens is valued at $ 555 million.


Islamic financial sector currently makes up 1% of world GDP and grows by almost 20% per year. In the world there are more than 2 billion Muslims. OneGram is considered as meeting the Shariah's requirements to store gold digitally, which is both safe and convenient for transfers, including cross-border transactions.