PGOLD, issued under the Pleasing Gold product, is a digital token representing economic exposure to gold whose unit value is referenced to the prevailing market price of the underlying commodity as recorded in the issuer product record.

The token tracks the market price of gold, the reference commodity named in the asset registry record, and its value moves with that commodity price rather than with any equity, coupon, or scheduled distribution. As a commodity-referenced instrument it pays no dividend, interest, or income stream to the tokenholder, and any return to the holder arises solely from changes in the referenced gold price reflected in the token over the holding period for each unit held.

The legal entity issuing the token, its jurisdiction of formation, any applicable regulator, and the legal form of the tokenholder's claim are addressed in the issuer's own product documentation governing eligibility, offering restrictions, redemption rights, and any custodial or security arrangement protecting holders. Those structural terms determine whether the holder owns allocated metal, an unallocated entitlement, or a contractual claim against the issuer, and they govern who may acquire or redeem units and on what conditions, including the treatment of holders across jurisdictions and the protections, if any, available to tokenholders against issuer insolvency.

PGOLD is issued onchain as a transferable token on supported public networks, with units recorded to tokenholder addresses and transferred under the rules of the network on which each unit resides. The token standard, the specific networks supported, the mint and redeem process, settlement timing, and any price reference or oracle publication mechanism are set out in the issuer's product documentation.

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Tokenized commodities

Pleasing Gold issues tokenized gold (PGOLD) and USD stablecoin (PUSD) on Arbitrum, providing digital representations of physical gold and fiat currency backed by reserves.

A digital asset issuer providing tokenized gold and USD stablecoin products on the Arbitrum blockchain for secure, transparent value storage and transfers.

Investors seeking exposure to tokenized gold and stablecoin products on blockchain networks.

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Stablecoin issuers

Pleasing Gold

Pleasing Gold (PGOLD) is a gold-backed token issued by Pleasing Gold.

The backing metal carries no storage fee for holders.

Holders have a contractual right to redeem for physical delivery of the metal or its cash value.

Holder terms are governed by the law of Hong Kong.

PGOLD has been issued on Arbitrum One as an ERC-20 token since October 2025.

Pleasing GoldPGOLD

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