UAE based The Block, the chamber of virtual assets in Dubai, has partnered with AuCan Gold Inc. (“AuCan Gold”) with its subsidiary AuCan Dubai to launch tokenized Canadian gold reserves as security token offering.
As per the press release, AuCan Gold believes that blockchain-supported RWA tokens democratizes opportunities for global investors and gold enthusiasts to participate in the AuCan Gold ecosystem. As such the company will tokenize up to 1.5 million ounces of gold reserves, based on supporting NI 43-101 documentation.
The initial 6 resource properties along with a regional processing mill are located on over 8,700 hectares throughout the Timmins, Ontario, Canada region, known as the Abitibi. AuCan Gold also has future properties and reserves currently under consideration.
In conjunction with AuCan Gold’s exploration, production, and milling efforts, are plans to operate its management, product development and HODLing programs with its wholly owned subsidiary in Dubai. AuCan Dubai will manage, purchase and store gold reserves on behalf of the organization, and its token holders, creating a diversified portfolio of internally produced and third-party sources of gold.
“Real World Asset tokenisation of Canadian gold assets and physical gold provides global investors, both small and large, with a new and innovative way to participate in the long-term growth of one of the largest gold producing and geo-politically stable regions in the world,” said Leon Dadoun, President of AuCan Gold Inc. “The AuCan team is well experienced in all facets of securities, resource management and blockchain to support the merging of physical and RWA securitized assets.”
The tokenisation process will be managed by TheBlock, supporting the efforts of AuCan Gold to create two distinct regulatory-approved RWA security tokens. The AuCan Gold token is backed by AuCan Gold’s growing list of assets, and secondly, the AuCan Pro Token will entitle full token holders to 1 ounce of redeemable physical gold at a defined future delivery date, priced, at offering, below current gold spot market prices.
“This is exactly the kind of project we built TheBlock for. Real assets, real innovation, and a clear path to tokenisation done right. We’re excited to support the AuCan Gold ecosystem in bringing one of the largest tokenised gold ecosystems to market, and proud to be the partner helping make it happen,” said Farbod Sadeghian, CEO and Founder of TheBlock.
AuCan Gold and AuCan Pro RWA Tokens are expected to launch in Q4 2025, and the initial offering is now open to accredited investors, subject to qualification and jurisdictional securities laws.
