Denario

Name

Denario

Legal name

Denario AG

Website

https://denario.swiss

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Denario AG is a Swiss fintech that tokenizes physical silver and gold as Real World Asset (RWA) tokens (DSC and DGC) on Polygon and other chains, serving institutional, retail, and crypto-native investors via a Web3 app, a self-custody wallet, the regulated Honesto platform, and direct qualified-investor sales.

Ownership category

akta.pro rank

Product category

Tokenized Precious Metals

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Asset-Backed Securities (6189)

akta.pro primary industry

Commodities & Natural Resources Tokenization (Metals, Energy, Carbon) (FSADAEAE)

akta.pro secondary industry

Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)

Keywords

• Tokenized precious metals
• Real world assets
• Digital silver tokens
• Digital gold tokens
• Asset-backed tokens

Headquarters

HQ city

Lenzburg

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Token Price Spread: Revenue generated through the spread between token price and spot metal price. The price of Denario Silver Coin and Gold Coin includes a premium covering storage in Swiss high-security vault, full insurance, and twice-yearly audit costs. No separate transaction or recurring fees are charged.
2. Redemption Fee: 5% redemption fee on physical silver withdrawals, with minimum fee of CHF 4,500. Covers tax processing, warehouse preparation, and delivery costs.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Denario issues Real World Asset (RWA) tokens — the Denario Silver Coin (DSC) and Denario Gold Coin (DGC) — each representing one ounce of physical silver or gold granules (999.9 purity) stored in Swiss high-security, segregated, bankruptcy-remote vaults. Tokens are issued as ERC-20 contracts on Polygon and other chains, with CertiK audits, an on-chain proof-of-reserve oracle, and the option for holders to redeem DSC for physical silver. Access is provided through a self-serve Web3 app, a self-custody browser wallet, and the regulated Swiss partner platform Honesto.

Product overview

Denario offers a suite of digital investment products centered on Real World Asset (RWA) tokenization of precious metals. The core products are the Denario Silver Coin (DSC) and Denario Gold Coin (DGC), both fully backed by physical silver and gold granules respectively, stored in Swiss high-security vaults. These tokens are built on blockchain technology (Polygon, Plume, Soneium, BNB) as ERC-20 standard tokens. Access channels include the Denario App (Web3 shop), Denario Wallet (browser-based self-custody wallet powered by OnchainLabs), and Honesto platform (Swiss-regulated fiat on-ramp). Users can also redeem tokens for physical silver granules via the redemption service. The product ecosystem targets both institutional and retail investors seeking to invest in tokenized precious metals with blockchain security and Swiss regulatory compliance.

Differentiator

Problem solved

Functional benefit

Brands

• Denario Silver Coin (DSC): Fully backed asset token representing one ounce of physical silver granules stored in Swiss high-security vaults.
• Denario Gold Coin (DGC)
• Denario App
• Denario Wallet

Products and services

• Denario Silver Coin (DSC) ERC-20 token fully backed 1:1 by physical silver granules of 999.9 purity stored in Swiss high-security vaults. Each DSC equals one ounce of silver, priced per ounce with no recurring storage, insurance, or trailing fees; reserves are audited semi-annually. Sold to retail and institutional investors via the Denario App, Denario Wallet, Honesto, and direct qualified-investor sales.
• Denario Gold Coin (DGC) ERC-20 token backed 1:1 by physical gold granules of 999.9 purity (24 karats) stored in Swiss high-security duty-free warehouses. Each DGC equals one ounce of gold, priced per ounce with no recurring storage or transaction fees. Sold alongside DSC via the Denario App, Denario Wallet, and Honesto, and through qualified-investor direct sales.
• Denario App (Web3 Shop) Self-serve Web3 shop where crypto wallet owners can purchase DSC and DGC directly with credit card or stablecoin. Phone verification for up to CHF 1,000 monthly purchases, with KYC onboarding for higher amounts. Includes a Refer & Earn programme.
• Denario Wallet Browser-based Web3 wallet powered by OnchainLabs that provides self-custody of DSC and DGC tokens with full user control of assets and seamless USDT or credit-card purchases.
• Physical Silver Redemption Service Service allowing DSC holders to redeem their tokens for physical silver granules stored in a Swiss bonded warehouse in Embrach ZH. Redemption is in multiples of 20 kg (~643 ounces), with a 5% fee and a CHF 4,500 minimum fee covering tax processing, warehouse preparation, and delivery.

Quantifiable outcome

• Unlimited insurance coverage vs CHF 100,000 bank deposit limit
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Inacta VenturescoreStrategic or Co-development PartnerStrategic partnership to revolutionize precious metals ownership. Inacta Ventures is a strategic partner in the RWA tokenization space, helping Denario expand its reach in the precious metals tokenization ecosystem.
• HonestocoreChannel Partner/ Reseller/ DistributorRegulated Swiss investment platform partner. Honesto allows users to buy and sell Denario Silver Coin (DSC) and Gold Coin (DGC) without prior crypto experience, providing easy fiat on-ramp via bank transfer.
• OnchainLabscoreTechnology or IntegrationTechnology partner powering the Denario Wallet - a browser-based Web3 wallet offering full control over tokenized silver and gold holdings with seamless USDT on-ramp.
• CertiKcoreTechnology or IntegrationSmart contract auditor for Denario tokens, providing security verification for the DSC and DGC smart contracts deployed on Polygon blockchain.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Meld Gold: Australia-based tokenized precious metals platform offering gold- and silver-backed tokens with integrated DeFi yield strategies. Comparable emerging RWA-metals play, similar focus on bridging tokenized metals with crypto ecosystems.
• Aurus: Aurus issues AWG (gold), AWS (silver), and AWP (platinum) tokens backed by allocated bullion across multiple vaults. A smaller, multi-metal tokenization platform with similar Ethereum-based ERC-20 architecture and B2B/distributor model — a niche but direct overlap with Denario's offering.

Direct peers

• Tether (XAUT / Tether Gold): Issuer of XAUT, a token backed by physical gold held in Swiss vaults, with ERC-20 issuance and global secondary trading. Directly competes with DGC for crypto-native gold demand, and Denario's Swiss positioning is explicitly aimed at this competitive set.
• Perth Mint Gold Token (PMGT): Issued by a government-backed mint, each PMGT represents one fine troy ounce of gold stored at the Perth Mint. Comparable regulated, vaulted, redeemable structure; an established institutional-grade competitor for tokenized gold demand.
• Paxos (PAX Gold): Issuer of PAXG, the leading tokenized gold product where each token represents one fine troy ounce of physical gold held in Brink's vaults. Closely comparable product structure (1 token = 1 oz physical gold, redeemable, audited reserves) and direct competition for tokenized precious metals AUM.
• Kinesis (KAU/KAG): Kinesis offers KAU (gold) and KAG (silver) tokens fully backed by allocated physical bullion, with yields tied to trading velocity. Comparable 1:1 physical backing, similar precious-metals focus, and similar aim to make tokenized metals functional for everyday spending.
• Digix (DGX): One of the earliest gold-backed ERC-20 tokens, with each DGX representing 1 gram of physical gold stored in vaults in Singapore and Canada. Pioneered the on-chain proof-of-reserve model Denario also uses, and remains a comparable tokenized gold instrument.

Broad incumbents

• Goldmoney: Regulated digital precious metals platform offering allocated gold, silver, and platinum holdings in vaults worldwide, with payment and redemption services. A broader incumbent competing for institutional and retail precious-metals exposure without on-chain tokens.
• BullionVault: One of the largest online precious metals trading and vaulting platforms, allowing users to own allocated gold, silver, platinum, and palladium in professional vaults. Competes for the same 'modern retail access to physical metals' demand but uses a traditional rather than tokenized model.
• WisdomTree Physical Gold (PHAU): European-listed physically-backed gold ETC issued under EU UCITS rules. Represents the traditional regulated exchange-traded alternative to tokenized gold; competes for institutional and retail allocation flows that Denario targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DenarioSwiss
• Facebookfacebook.com/DenarioSwiss
• LinkedInlinkedin.com/company/denarioswiss

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Denario