Custody, distributed.
Gold is held by participating custodians under network trust arrangements. No single vault has to be the centre of the system.
Phoenix Gold Network
The new decentralized world financial system.Built on gold.
Own gold. Use it as money.
Phoenix is building a financial network around gold held by a worldwide network of independent custodians. Cyphers turn gold ownership into a digital claim you can use to pay, access liquidity and earn a share of network fees.
- Cyphers
- Title to physical gold
- PGC 21M supply
- Network utility & governance
Panda Chain launch targeted January 2027.
Lending liquidity introduced progressively throughout
2027.
Physical gold backingGold claims represented by Cyphers
Distributed custodyIndependent nodes. One network.
Custodian collateralCapital committed to custody
AuditabilityPublished evidence. Audit access.
Phoenix Gold Coin · PGC
21 million PGC.
One gold network.
The utility and governance token of Phoenix Gold Network. PGC’s market value reflects demand for participation in the network and expectations of its future.
- Stake
- Custodian collateral
- Govern
- Network decisions
- Reward
- Participation incentives
Understand what you hold
Participation in the network
PGC is a utility and governance token. It is not backed by gold and gives no right to redeem gold.
Cyphers: title to physical gold
A Cypher records the quantity and quality of gold you can claim under the network’s trust terms.
Explore Cyphers
Bitcoin has BTC. Phoenix has PGC.
Both use a 21 million supply ceiling. PGC is preminted, with different issuance, governance and security. Its price is set by the market; the supply cap does not guarantee appreciation.
A different foundation
Gold deserves more
than a single point
of trust.
Phoenix is designed to distribute physical custody across independent nodes, while bringing gold claims into one transparent network.
Understand the custody modelCapital at stake.
Custodians commit slashable collateral. Bond requirements reflect the approved trust tier, with stronger collateral for new entrants.
Accountability, built in.
Nodes must permit appointed audits. Redemption checks, published evidence and default remedies support ongoing accountability.
PHOENIX CYPHER
1.000fine troy oz
A digital claim on physical gold.
- Asset
- Physical gold
- Record
- On-chain claim
- Custody model
- Network trust
- Use
- Hold · transfer · redeem
Meet the Phoenix Cypher
Real gold.
A claim you can use.
A Cypher represents a specified quantity and quality of gold in the network. It is the digital record that connects your gold ownership to transfer, redemption and future financial services.
How Cyphers workBuilt around your gold
More possibilities.
The same underlying asset.
Services are being introduced in phases, with availability tied to network readiness and liquidity.
Access liquidity
Sell a Cypher through available network liquidity, with a clear quote before you transact.
Planned gold marketPay with gold
Use a scanned payment code to transfer gold value at participating merchants.
Planned payment servicePut gold to work
Access potential fee allocations and PGC rewards. Borrowing capacity is planned to grow during 2027.
Progressive rolloutTrust should be visible
See the network.
Understand the backing.
Gold held. Claims issued. Collateral committed. Phoenix’s transparency model is built around the information a holder needs to assess the network.
Explore transparency
DISTRIBUTED CUSTODY MODEL · ILLUSTRATIVE TOPOLOGY
Polygon mining data is available today. Gold reserve, Cypher and custodian reporting will be published as those services activate.
View live mining statistics ↗From metal to movement
A clear path from gold
to digital ownership.
A custodian brings gold into the network.
The custodian declares the metal, commits the required collateral and places the gold into the network trust under the applicable legal terms.
Admission follows the approved staking and trust policy; ongoing audit access is mandatory.
Your ownership gets a digital record.
Once the gold has been admitted, a Cypher records the quantity and quality you can claim. A purchase awaiting new gold must remain visibly pending.
A pending purchase is not presented as a fully backed, active Cypher.
Hold it. Transfer it. Redeem it.
Keep your gold claim, transfer it or request physical delivery through a participating node. Additional uses open as markets and services become available.
Physical redemption is subject to delivery terms, fees and location; market exits depend on liquidity.
A network built by its participants
Find your place in Phoenix.
Keep the gold.
Expand its potential.
Explore digital claims, physical redemption and future access to liquidity.
Explore gold ownershipBring your gold
into the network.
Earn service fees, receive routed orders and help expand decentralized custody.
Explore node participationHelp build
what comes next.
Explore the live Polygon mining programme and participate in the Phoenix community.
Explore virtual miningA few essential questions
Clarity comes first.
What is live today?
The Polygon virtual-mining application is live. The Panda Chain gold network launch is targeted for January 2027. Gold services shown here are planned until individually activated.
Is PGC backed by gold?
No. PGC is Phoenix’s utility and governance token, with a lifetime supply of 21 million. It is designed for custodian staking, governance and incentives. Cyphers represent title to a specified quantity and quality of physical gold under the network’s trust terms. Owning PGC does not create a claim to gold.
Can I redeem a Cypher for physical gold?
Physical redemption is part of the planned Cypher service. A holder requests delivery through a participating node, under the published rules for location, denomination, charges and delivery time.
Does a gold claim earn a guaranteed return?
No. The model includes potential allocations from network fees and PGC rewards. Amounts depend on activity and the applicable programme. Future leasing would be separately consented; gold and token values can fall.
Be part of what comes next.
Explore the network as a gold holder, custodian or ecosystem participant.