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Blue Gold Limited (Nasdaq: BGL) has announced the formation of its Advisory Board for Blockchain Evolution and appointed T. Jack Williams, a fintech veteran and inventor of the electronic gift card, as its first member. The initiative aims to advance the company's gold-backed digital token project and enhance its real-world asset (RWA) digitization efforts.
Williams, currently Founder and CEO of B4U Financial LLC, brings significant experience including roles as CEO of eCommLink, SVP at National Processing Company, and an eight-year tenure on the Federal Reserve Board's Payment Card Committee. The company plans to announce additional board members in the coming weeks to support its development of a transparent, auditable, and liquid gold exposure mechanism.
Blue Gold Limited (Nasdaq: BGL) has partnered with TripleBolt Technology to explore developing a blockchain-based digital asset backed by gold futures. The initiative aims to create the Blue Gold Coin (BGC), a digital token backed by six-year forward delivery contracts for up to 1 million grams of gold from the company's mining assets.
The partnership brings together Blue Gold's mining resources with TripleBolt's blockchain expertise, led by Nathan Dionne, former CTO of Barstool Sports and co-founder of NorthOut. The token launch will follow a phased approach, starting with a private sale to strategic investors, pending legal and regulatory approvals. Proceeds will fund Blue Gold's production acceleration and growth initiatives.
Blue Gold Limited (Nasdaq: BGL), a gold mining company focused on Ghana's historic Bogoso Prestea Mine, has announced updates to its growth strategy following its recent Nasdaq listing through a business combination with Perception Capital Corp. IV.
The company is actively pursuing expansion through potential acquisitions of producing or near-production gold assets in West Africa and Latin America. These acquisitions would be structured as share-for-share exchanges, aimed at leveraging increased market liquidity to expand the company's production base.
According to Mr. Cavaghan, the company expects to announce developments related to these strategic initiatives in the near future.
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