TroyGold launches tokenised gold offering on Mesh

Award-winning fintech and gold mining company TroyGold is bringing commodity investing into the Finance 3.0 world, with an innovative new way for investors to buy physical gold through Mesh.trade.

From 11 to 25 March 2025, registered Mesh investors will have access to the TroyGold Krugerrand (TGLD) token. The token will be offered at the lowest price for a 1oz gold bullion Krugerrand coin available to retail investors, which can amount to a discount to the prevailing market price of up to 3%.

Investors who buy the 1oz TroyGold Krugerrand tokens outright, or those who accumulate their fractional investments over time to the equivalent weight of 1oz, can redeem their tokens and arrange with TroyGold for secure delivery of their Krugerrand coins to their homes.

A New Era for Gold Investment

“TroyGold tokens on Mesh represent direct ownership of physical gold, and for two weeks this will be available at a significant discount to the current market price,” says Mesh.trade MD Connie Bloem. “Each token represents full and immutable ownership of a physical 1oz gold bullion Krugerrand coin stored at Brink’s, an internationally recognised, secure gold storage vault facility. What’s unique about this offering is that investors can buy any fraction of a Krugerrand coin they can afford, with the minimum investment required being only R50.”

A 1oz Krugerrand is the premier gold bullion coin available to South Africans as the most cost-effective physical gold investment asset. The Krugerrand coin enjoys legal tender status within South Africa and is zero-rated for VAT. It is produced by the Rand Refinery and SA Mint.

About the TroyGold Krugerrand token

“When you purchase a TroyGold Krugerrand token on Mesh, you enjoy direct legal ownership of the exact amount of the physical gold that you have purchased,” says Rob Mackay, Investor Manager Lead at Mesh.trade. “These Krugerrand tokens issued on Mesh represent physical gold holdings, which are stored in Brink’s secure vaulting facility. You can download an ownership certificate from your Mesh account verifying your gold holdings.”

“The token price you see on the Mesh.trade platform is the current indicative price of a one ounce gold bullion Krugerrand coin, linked to live gold spot market prices,” Mackay explains. “This indicative price will be updated daily, based on the current market spot price for Gold up until 25 March 2027, when the subscription window closes.”

When the subscription window closes, a two-year Storage and Insurance fee for the physical Krugerrand coins (to 31 March 2027) at 1.2% of the committed token value, will be added to the price. This fee covers the cost of Storage and Insurance for the bullion Krugerrands, which will be stored by the world-class, secure Gold Vaulting company Brink’s.

“The final price will be fixed on 27 March 2025, which is the settlement date,” Mackay says. “At settlement time, a calculation will be done converting the mZAR amount that investors subscribed for into the corresponding amount of tokens representing the grammage of either the whole or a fraction of a physical Krugerrand coin, at the prevailing price on the date of issuance, less the Storage and Insurance fee.”

Golden opportunity for Krugerrand investment

The launch of TroyGold’s tokenised gold offering on Mesh coincides with rocketing demand for gold as a hedge against market volatility. As investors worldwide seek safe havens amidst global uncertainty, the gold price is holding firm near record highs, with all indications pointing to a long-term rally.

But while demand for gold in South Africa is as strong as ever, traditional markets pose several barriers to entry. Typically, South Africans may purchase Krugerrand coins from various distributors. The price of a 1oz bullion Krugerrand is based on the current gold spot price, plus a small premium for minting and distribution costs.

By tokenising and issuing its Krugerrand on Mesh, TroyGold is able to offer investors a simple, fast and effective way to invest in physical gold.

“By combining the prestige, inflation hedge and safe harbour value of physical gold with the security and immutability of blockchain technology, Mesh is able to cater to those seeking security, innovation, and value,” says Bloem.

• Register as a Mesh.trade investor, and join the waiting list for the TroyGold Krugerrand (TGLD) token.