The digital gold space in India is largely unregulated with a variety of apps offering this product including Kuvera and Paytm Money. Investors can also invest in formal financial instruments linked to gold such as gold ETFs, sovereign gold bonds.
a crypto firm founded in 2018, allows Indians to invest in cryptocurrency tokens backed by gold and silver. The Delhi-headquartered company has a user base of 8,000 and assets under management worth $350,000, according to Tarusha Mittal, its COO and co founder
The value of fiat currency is continuously depreciating. Instruments like a savings account and FD are not even able to beat inflation. With banks failing, low insurance on the savings account, we believe people should have an alternative. Using OroPocket, users can invest in precious metals and spend them in real-time using UPI and asset-backed cards. We utilize Polygon, Ethereum, and Tezos network for complete transparency and to give users control of their assets,” said Mittal
