By tokenizing gold bullion, Digix is aiming to create a cryptocurrency that can provide more stability for investors. Unlike the majority of cryptocurrencies currently being traded, each Digix token will represent a real, physical asset – in its case, a piece of gold stored in a secure vault somewhere in Singapore. In its ICO, Digix managed to raise 465,134 Ether – worth close to US$5.5 million at the time. This will be spent in accordance with decisions made by DAO members.

https://www.techinasia.com/digix-seed-funding