What ComTech Gold does

ComTech Gold is a Dubai-based tokenized gold infrastructure platform that issues CGO tokens on the XDC Network blockchain under the XRC-20 standard, with each token representing one gram of 999.9-purity physical gold stored in UAE vaults. The platform was incorporated in February 2022 as ComTech FZCO under the Dubai Airport Free Zone Authority (License 05069 for gold and precious metals trading), with a second entity, ComTech DMCC, formed in May 2023 under the Dubai Multi Commodities Centre Authority. Physical gold custody is managed by TransGuard Group (an Emirates Group company) with DMCC Tradeflow warrants backing every movement, while digital custody of tokens sits with institutional custodian BitGo. The company claims the first Shariah-compliant fatwa certification in the MENA region for a gold-backed token, issued by Amanie Advisors Ltd in September 2022.

The product surface comprises three offerings: (1) ComTech Gold (CGO), the core token listed on exchanges including LBank and Bitrue; (2) Digital Gold, a retail-facing product accessed via iOS/Android app and website, with a minimum purchase of 0.50 grams; and (3) a White-Label API suite enabling exchanges, fintechs, banks, and wealth platforms to launch branded digital gold products with integrated buy/sell, SIP, redemption, gifting, and wallet functionality. Revenue is generated through transaction-based fees: 0.50% on minting, redemption, and transfer; 0.10-0.40% on exchange trading; 0.02% on on-chain transactions; and 0.1% per annum on custody (waived the first year).

Customers span Islamic finance institutions seeking Shariah-compliant products, B2B white-label partners (exchanges, fintechs, wealth platforms, including First Abu Dhabi Bank and Zand as financial partners), retail investors, and the broader commodities and trade-finance ecosystem through the Commodities Trading Club consortium (which includes S&P Global, CME Group, and LSEG). Geographic operations focus on UAE, Qatar, Singapore, and Kazakhstan as priority markets, with explicit exclusion of the USA, UK, and EU. Headcount is small (11-50 employees, with five named executives including Founder & CEO Jignesh Ved and Chief Advisor Lim Say Cheong). As of February 2026, vaulted gold backing CGO stands at approximately 39 kg, down from 144 kg in October 2023, while the company reports a maintained 1:1 reserve ratio.

Name

ComTech Gold

Legal name

ComTech FZCO

Website

https://comtechgold.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

ComTech Gold is a Dubai-based tokenized gold infrastructure platform that issues CGO tokens on the XDC Network, each backed 1:1 by physical 999.9-purity gold in UAE vaults. It serves Islamic finance institutions, B2B white-label partners, retail investors, and trade finance participants across the Middle East and selected Asia-Pacific markets.

Ownership category

akta.pro rank

Product category

Tokenized Gold Infrastructure

SIC

Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

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

Keywords

• Tokenized gold platform
• Digital gold trading
• Gold-backed tokens
• Precious metals tokenization
• Shariah-compliant gold

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Operations, Technology or R&D, Personnel, Others, Marketing or Sales, Infrastructure

Revenue model

1. Token Minting/Creation Fees: 0.50% fee charged to token owners depositing physical gold bars for tokenization. Applies when converting physical gold into CGO tokens.
2. Token Burning/Redemption Fees: 0.50% fee charged when token holders request cancellation against physical gold delivery. Covers vault handling and logistics.
3. Transfer Fees: 0.50% fee on transfers of digital gold between accounts.
4. Inventory Custody Fees: 0.1% per annum charged based on holding period. Free for the first year. Applies to token owners storing gold in vaults.
5. Exchange Trading Fees: Trading fees ranging from 0.10% to 0.40% levied by exchanges where CGO tokens are listed (e.g., LBank exchange).
6. On-Chain Transaction Fees: 0.02% of amount sent on blockchain for XDC network transactions, covering gold vault management costs.
7. Physical Gold Redemption: 0.50% redemption fee plus making charges for converting tokens to physical gold (coins/bars starting from 10 grams).

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels6 records

Core offering

ComTech Gold issues the CGO token on the XDC Network blockchain, with each CGO token representing 1 gram of 999.9 purity physical gold stored in UAE vaults. The company offers retail digital gold directly to consumers via a mobile app and a B2B white-label infrastructure that enables exchanges, fintechs, and financial institutions to launch branded tokenized gold products. It is positioned as the first Shariah-compliant gold-backed token in MENA with fatwa certification, dual custody through TransGuard and BitGo, and audited smart contracts.

Product overview

ComTech Gold operates as a tokenized gold infrastructure platform offering three interconnected products: (1) ComTech Gold (CGO) is the core XRC-20 token on the XDC blockchain representing physical gold; (2) Digital Gold is the consumer-facing product for purchasing and trading gold-backed tokens via the ComTech Gold App with minimum purchases of 0.50 grams; (3) the White Label Solution enables businesses to create branded digital gold platforms using ComTech Gold's infrastructure, API Suite, and custody services.

Differentiator

Problem solved

Functional benefit

Products and services

• CGO Token (ComTech Gold) An XRC-20 token issued on the XDC Network blockchain where each CGO represents 1 gram of 999.9 purity physical gold held in UAE vaults. Designed for investors and institutions seeking tokenized exposure to physical gold with on-chain transparency and Shariah-compliance.
• Digital Gold A consumer-facing digital gold product enabling individual investors to buy, sell, hold, transfer, and redeem fractional physical gold through the ComTech Gold mobile application, with a minimum purchase of 0.50 grams and zero making charges.
• White Label Solution

Quantifiable outcome

• Zero making charges on gold purchases vs traditional gold premiums of 5-15%
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

16 partnerships are on record, tiered flagship, core and secondary.

• DMCC (Dubai Multi Commodities Centre Authority)flagshipStrategic or Co-development Partner · 27 September 2022DMCC Tradeflow platform enables tokenization of physical gold trade. Every gold movement is endorsed and approved by DMCC. DMCC is a UAE government body that endorses all gold stored in the vault, providing regulatory protection regardless of external events.
• TransGuard Group (Vaulting Partner)coreTechnology or IntegrationVaulting Partner is an Emirates Group Company providing secure storage of physical gold in UAE. Gold is stored with comprehensive insurance coverage for storage and transit. DMCC Tradeflow warrants back all gold movements.
• XDC Trust CompanycoreTechnology or IntegrationXDC Trust Company holds custody of physical gold backing CGO tokens on behalf of token holders, providing institutional-grade custody infrastructure.
• BitGocoreTechnology or IntegrationDigital asset custody infrastructure provided by BitGo, a qualified institutional custodian for blockchain-based tokens.
• XDC NetworkcoreTechnology or IntegrationCGO tokens operate on XDC Network blockchain with XRC-20 token standard. XDC provides the underlying blockchain infrastructure for smart contract execution and token transfers.
• StoneXcoreTechnology or IntegrationOTC liquidity provider for white label partners. StoneX provides access to liquidity for gold-backed token operations and WL-USDT conversions.
• BitruesecondaryChannel Partner/ Reseller/ DistributorLiquidity provider for white label platform operations, enabling token trading and exchange services.
• Amanie Advisors LtdcoreStrategic or Co-development PartnerShariah advisory firm that issued the fatwa certification for CGO token, verifying compliance with Islamic finance principles. First Shariah-compliant certification in MENA.
• D'Cent WalletsecondaryTechnology or IntegrationDigital wallet partner supporting CGO token storage and transfers.
• GlobiancesecondaryTechnology or IntegrationDubai-based fintech partner offering gold and silver-backed tokens through their platform.
• SABIQ AdvisorysecondaryStrategic or Co-development PartnerIslamic finance advisory partner providing expertise on Shariah-compliant product development.
• PropinesecondaryTechnology or IntegrationDigital asset custody and tokenization platform partner.
• YodaplussecondaryTechnology or IntegrationTechnology partner for digital asset solutions.
• KalyansecondaryChannel Partner/ Reseller/ DistributorPartner for gold and precious metals trading services.
• AUDDaptsecondaryStrategic or Co-development PartnerAustralia-based partner for cross-border payments integration with XDC Network.
• Commodities Trading ClubflagshipStrategic or Co-development PartnerCommodities and trade finance think tank whose members include S&P Global, CME Group, and LSEG. Partnership positions ComTech/XDC for tokenized trade finance opportunities.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Others

• BullionVault: Online gold, silver, platinum, and palladium ownership and trading platform with allocated vaulting in professional market locations. Comparable as a digitally-accessible, fractional physical gold ownership service addressing retail and small-investor demand.
• StoneX: Global financial services firm providing OTC liquidity and precious metals infrastructure; named as ComTech Gold's OTC and liquidity partner. Comparable as an enabling ecosystem participant supporting gold token issuance and trading flows.
• DMCC Tradeflow: DMCC's commodity trade flow platform where ComTech Gold tokenizes Dubai gold warehouse inventory via Tradeflow warrants. Comparable as the underlying infrastructure and regulatory rails enabling tokenized commodity issuance.

Direct peers

• Kinesis Money (KAU/KAG): Kinesis issues gold- and silver-backed utility tokens with built-in yield (KVT) and merchant redemption networks. Directly comparable to CGO on fractional ownership, physical redemption, and merchant/retail acceptance.
• Digix (DGX/DGD): Singapore-based Digix pioneered tokenized gold with DGX tokens fully backed by physical 99.99% gold from LBMA-approved vaults. Direct historical and structural peer to ComTech Gold's tokenized gold offering.
• PAX Gold (PAXG): Issued by Paxos Trust Company, PAXG is an ERC-20 token backed 1:1 by physical gold stored in LBMA vaults. It is the most liquid and widely listed gold-backed token globally, directly comparable to ComTech Gold's CGO in product, backing structure, and target users.
• Aurus: Aurus issues AWX (gold), AGLD, and AUR (silver) tokens, each backed by allocated physical precious metals using a similar tokenization-rail approach. Targets both retail and B2B partners, including bullion dealers and trading platforms.
• Tether Gold (XAU₮): Tether Gold represents ownership of physical gold from a LBMA-accredited refinery, tradable across major exchanges. Comparable to ComTech Gold as a tokenized, fully-allocated physical gold product targeting both retail traders and institutional users.
• VNX Commodities (VNXAU / VNXG): Liechtenstein-regulated VNX issues gold-backed tokens fully backed by physical gold held in Swiss vaults, regulated by FMA. Comparable to ComTech Gold in product structure and jurisdictional ambition for institutional-grade tokenized gold.

Broad incumbents

• HSBC Gold Token: HSBC has piloted bank-issued gold tokens on distributed ledger infrastructure as a broader-incumbent alternative to crypto-native gold tokens. Comparable as a regulated, fiat-onramped tokenized gold product competing for institutional and HNW market share.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BcTamil57102
• YouTubeyoutube.com/channel/UCh6TF0kcmIHkO-1jG7eKH_w
• Facebookfacebook.com/ComTechGold
• LinkedInlinkedin.com/company/comtechofficial
• Instagraminstagram.com/comtechgold

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 ComTech Gold