TripleBolt Introduces New Gold-Backed Crypto Asset “Blue Gold Token” for NASDAQ listed Blue Gold (BGL)
Blue Gold (NASDAQ:BGL) has partnered with TripleBolt Technology to develop the Blue Gold Token (BGT), a new gold-backed cryptocurrency. The token will be backed by legally binding, long-term futures contracts on physical gold, with each token representing a 1-gram equivalent claim on deliverable gold futures.
The technical implementation includes an ERC-20 token architecture, smart contract engineering with time-lock mechanisms, and integration with Blue Gold's existing proof of reserves system. The token will feature a redemption framework for physical gold or cash equivalents, comprehensive security audits, and initial liquidity deployment on decentralized exchanges.
Blue Gold (NASDAQ:BGL) ha collaborato con TripleBolt Technology per sviluppare il Blue Gold Token (BGT), una nuova criptovaluta garantita dall'oro. Il token sarà supportato da contratti futures legali e vincolanti a lungo termine su oro fisico, con ogni token che rappresenta un diritto equivalente a 1 grammo di oro consegnabile tramite futures.
L'implementazione tecnica comprende un'architettura token ERC-20, ingegneria di smart contract con meccanismi di blocco temporale e integrazione con il sistema di prova delle riserve già esistente di Blue Gold. Il token includerà un meccanismo di rimborso per oro fisico o equivalenti in contanti, audit di sicurezza approfonditi e il lancio iniziale della liquidità su exchange decentralizzati.
Blue Gold (NASDAQ:BGL) se ha asociado con TripleBolt Technology para desarrollar el Blue Gold Token (BGT), una nueva criptomoneda respaldada por oro. El token estará respaldado por contratos de futuros legales y vinculantes a largo plazo sobre oro físico, donde cada token representa un reclamo equivalente a 1 gramo de futuros de oro entregables.
La implementación técnica incluye una arquitectura de token ERC-20, ingeniería de contratos inteligentes con mecanismos de bloqueo temporal e integración con el sistema de prueba de reservas existente de Blue Gold. El token contará con un marco de redención para oro físico o equivalentes en efectivo, auditorías de seguridad exhaustivas y un despliegue inicial de liquidez en intercambios descentralizados.
Blue Gold (NASDAQ:BGL)는 TripleBolt Technology와 협력하여 Blue Gold Token (BGT)이라는 새로운 금 담보 암호화폐를 개발했습니다. 이 토큰은 물리적 금에 대한 법적 구속력이 있는 장기 선물 계약으로 뒷받침되며, 각 토큰은 인도 가능한 금 선물 1그램에 해당하는 권리를 나타냅니다.
기술 구현에는 ERC-20 토큰 아키텍처, 시간 잠금 메커니즘을 포함한 스마트 계약 설계, 그리고 Blue Gold의 기존 준비금 증명 시스템과의 통합이 포함됩니다. 토큰은 물리적 금 또는 현금 등가물로 교환할 수 있는 체계, 철저한 보안 감사, 그리고 분산형 거래소에서의 초기 유동성 배포 기능을 갖추게 됩니다.
Blue Gold (NASDAQ:BGL) s'est associé à TripleBolt Technology pour développer le Blue Gold Token (BGT), une nouvelle cryptomonnaie adossée à l'or. Le token sera garanti par des contrats à terme légaux et contraignants à long terme sur de l'or physique, chaque token représentant une revendication équivalente à 1 gramme d'or livrable via ces contrats à terme.
La mise en œuvre technique comprend une architecture de token ERC-20, une ingénierie de contrats intelligents avec des mécanismes de verrouillage temporel, ainsi qu'une intégration au système existant de preuve des réserves de Blue Gold. Le token offrira un cadre de rachat pour de l'or physique ou des équivalents en espèces, des audits de sécurité complets, et un déploiement initial de liquidités sur des échanges décentralisés.
Blue Gold (NASDAQ:BGL) hat sich mit TripleBolt Technology zusammengetan, um den Blue Gold Token (BGT) zu entwickeln, eine neue goldgedeckte Kryptowährung. Der Token wird durch rechtsverbindliche, langfristige Futures-Kontrakte auf physischen Goldbestand abgesichert, wobei jeder Token einen Anspruch auf die Lieferung von 1 Gramm Gold-Futures repräsentiert.
Die technische Umsetzung umfasst eine ERC-20 Token-Architektur, Smart-Contract-Entwicklung mit Zeitverriegelungsmechanismen sowie die Integration in das bestehende Proof-of-Reserves-System von Blue Gold. Der Token wird über einen Rücknahmeprozess für physisches Gold oder Bargeldäquivalente verfügen, umfassende Sicherheitsprüfungen durchlaufen und initiale Liquidität auf dezentralen Börsen bereitstellen.
- None.
- Complex redemption process requiring KYC/AML compliance
- Dependency on third-party auditors and regulated entities for redemption
- Limited initial liquidity upon launch
Insights
TripleBolt's gold-backed token represents a strategic product expansion for Blue Gold, bridging traditional commodities with blockchain infrastructure.
Blue Gold (BGL) is making a significant move into the digital asset space with the announcement of their Blue Gold Token (BGT), a crypto asset backed by gold futures contracts. This represents a meaningful expansion of their business model, creating a bridge between traditional commodity markets and blockchain technology.
The technical architecture is comprehensive and well-thought-out. BGT will operate as an ERC-20 token on Ethereum or a Layer 2 network, with each token representing a fractional claim (initially 1-gram equivalent) on deliverable gold futures contracts. The implementation includes critical elements like time-lock mechanisms, proof-of-reserves integration, and a compliant redemption framework.
What stands out technically is the multi-layered approach to verification and transparency. The company has already implemented a robust proof of reserves system with third-party validation, addressing one of the most significant concerns in asset-backed tokens – verifiable backing. The planned public-facing dashboard for continuous verification shows foresight regarding trust requirements in this space.
The liquidity strategy involving seeded and locked pools on DEXs demonstrates understanding of DeFi mechanics needed for market stability. This approach is crucial for initial price discovery and trading volume.
The gold backing provides a strategic advantage in the volatile crypto market. With gold's $11 trillion market cap and historical role as an inflation hedge, BGT positions itself as a potentially more stable digital asset compared to unbacked cryptocurrencies, potentially attracting traditional investors seeking blockchain exposure with reduced volatility risk.
Miami, FL, July 17, 2025 (GLOBE NEWSWIRE) -- Triple Bolt Technology LLC, the developer behind the innovative gold-backed crypto asset, today announced its high-level technical plan for the implementation of the Blue Gold Token (BGT) — a digital asset backed by legally binding, long-term futures contracts on physical gold.
The Blue Gold Token is designed to bring institutional-grade commodity exposure to blockchain-based capital markets. Each token represents a contractual right to a future delivery of gold, secured through verified reserves and structured through a compliant, smart contract-based framework.
Nathan Dionne CEO at TripleBolt comments.
“We are excited to be part of this project that will provide Nasdaq listed - Blue Gold Limited (BGL) with an innovative solution, bringing together the advantages of both digital and physical assets. The possibility of backing digital tokens with physical gold represents a new opportunity to access the precious metals sector. Gold plays a major role in the capital markets. With a market cap of over USD 11 trillion, it offers investors a reliable hedge against inflation and a store of value irrespective of economic turbulence.”
Technical Implementation Overview:
● Token Architecture: BGT will be issued as an ERC-20 token on Ethereum or a leading Layer 2 network. The total supply will be fixed and directly correlated to verified gold futures contracts. Each token will represent a fractional claim on a deliverable futures contract for physical gold, initially structured around a 1-gram equivalent.
● Smart Contract Engineering: Token issuance, transfer, and redemption logic will be fully encoded into audited smart contracts. The contracts will include built-in time-lock mechanisms to enforce a minimum redemption window and secure early withdrawal logic if applicable.
● Proof-of-Resource/Reserves Integration:
Blue Gold already has implemented a robust proof of reserves and resource system validated by independent third party experts and auditors, which it has made public and which will be continually updated. This multi-layered proof system will also be visible via a public-facing dashboard by the time the BGT is launched, to provide full transparency.
● Redemption Framework: At maturity, token holders will be entitled to redeem each token for physical gold or a cash equivalent. The redemption protocol will be handled through a regulated entity or trustee, with full KYC/AML compliance as required.
● Security & Audit Protocols: All contracts will undergo third-party audits prior to deployment. Blue Gold is in discussions with leading firms to conduct technical reviews and provide continuous monitoring of deployed smart contracts.
● Liquidity Strategy: Upon launch, Blue Gold will deploy initial liquidity on decentralized exchanges (DEXs), forming a BGT/USDT or BGT/ETH pair. Liquidity pools will be seeded and locked to promote market stability and investor confidence.
About TripleBolt
TripleBolt Experts enable Global businesses to scale as needed with top-tier engineering and software talent based in USA. Delivered inland and nearshore, our tailored solutions are backed by a strong team of curated IT experts, a broad tech stack, and flexible engagement models.
About Blue Gold Limited
Blue Gold Limited (Nasdaq: BGL) is a next-generation gold development company focused on acquiring and aggregating high-potential mining assets across strategic global jurisdictions. The Company’s mission is to unlock untapped value in the gold sector by combining disciplined resource acquisition with innovative monetization models, including asset-backed digital instruments. Blue Gold is committed to responsible development, operational transparency, and leveraging modern financial technologies to redefine how gold is produced, accessed, and owned in the 21st century.
Blue Gold prioritizes growth, sustainable development, and transparency in all our business practices. We believe that our commitment to responsible mining will enable us to create value for our shareholders while minimizing our environmental footprint.
For media inquiries, partnership opportunities, or additional technical documentation, please contact:
Nate@triplebolt.io
