# Goldfish > Goldfish is a gold-backed stablecoin by GBBR, Inc., designed to tokenize physical gold for improved liquidity and accessibility. Each token represents 1/1000th ... - Canonical URL: https://iq.wiki/wiki/goldfish - Categories: Cryptoassets - Tags: Ethereum, Stablecoin - Created: 2026-03-05T12:04:28.518Z - Last updated: 2026-03-05T16:20:39.000Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **Goldfish** (GGBR) is a gold-backed digital asset launched on November 20, 2025, by Goldfish Gold, a platform from GBBR, Inc. It functions as a [stablecoin](https://iq.wiki/wiki/stablecoin) representing fractional ownership of gold, combining the stability of the physical metal with the efficiency of digital assets. Each GGBR token is 100% backed by allocated physical gold and represents 1/1000th of a troy ounce, with its value pegged in real-time to the London Bullion Market Association (LBMA) Gold Spot Price. The project offers users premium-free exposure to gold with no storage fees for digital holdings. The gold reserves are sourced from I-ON Digital Corp's ION.au reserve, which is described as GAAP-audited with on-chain provable reserves. [\[1\]](#cite-id-KIzaUciYjoTssDKr) [\[2\]](#cite-id-u2GdAi8vKRZSseYH) [\[3\]](#cite-id-vExYwnmq3SIuEMyM) ## Overview Goldfish was created by GBBR, Inc., a company composed of professionals from [blockchain](https://iq.wiki/wiki/blockchain) engineering, finance, and precious metals sectors. The project positions GGBR as a programmable store of value built on a foundation of transparency and security. The token is 100% backed by real, allocated physical gold from I-ON Digital Corp's ION.au reserve. To support its claims of transparency, the project states its reserves are GAAP-audited, fully digitized, and provable on-chain, ensuring that the value of the underlying gold directly corresponds to the GGBR tokens in circulation. [\[2\]](#cite-id-u2GdAi8vKRZSseYH) [\[1\]](#cite-id-KIzaUciYjoTssDKr) [\[3\]](#cite-id-vExYwnmq3SIuEMyM) The legal framework for the project is established under a dual structure, utilizing jurisdictions in both Wyoming, USA, and the Cayman Islands. A reference to the British Virgin Islands (BVI) is also made in project documentation, suggesting a multi-jurisdictional approach to comply with regulations for tokenized assets and stablecoins. The U.S. entity serves as the control corporation, while the offshore entity manages other aspects of the operation. [\[2\]](#cite-id-u2GdAi8vKRZSseYH) [\[1\]](#cite-id-KIzaUciYjoTssDKr)​ A primary feature of the Goldfish ecosystem is the option for physical redemption, subject to minimums. Token holders can convert their GGBR tokens into physical gold through a network of regulated precious metals dealers, providing a direct link between the digital asset and its underlying physical commodity. The project also emphasizes a commitment to environmental responsibility by sourcing gold extracted through "in situ" methods, which are described as a less damaging alternative to traditional mining, although specific certifications for this process are not detailed. [\[1\]](#cite-id-KIzaUciYjoTssDKr) [\[2\]](#cite-id-u2GdAi8vKRZSseYH) [\[3\]](#cite-id-vExYwnmq3SIuEMyM) ## Tokenomics and Collateralization The economic model of Goldfish is centered on a direct and transparent link to the value of physical gold, reinforced by a multi-layered collateral and security system. ### Token Specification Each GGBR token is programmed to represent exactly 1/1000th of a troy ounce of gold. The token's value is pegged in real-time to the spot price set by the London Bullion Market Association (LBMA), a globally recognized standard for precious metals pricing. For example, at a gold price of $4,000 per troy ounce, each GGBR token would be valued at approximately $4. This fractional representation allows for premium-free exposure to gold with a significantly lower financial barrier to entry compared to purchasing whole ounces of physical bullion. [\[1\]](#cite-id-KIzaUciYjoTssDKr) [\[2\]](#cite-id-u2GdAi8vKRZSseYH) [\[3\]](#cite-id-vExYwnmq3SIuEMyM) ### Collateral Mechanism The GGBR token is 100% backed by physical, allocated gold. The reserves are reportedly sourced from I-ON Digital Corp's (OTCQB: IONI) ION.au reserve. According to the project, these reserves are GAAP-audited and fully digitized, allowing for on-chain proof of reserves to ensure transparency and full-collateralization. This model links each GGBR token in circulation directly to a corresponding physical amount of gold held in custody. The project also highlights that it charges zero storage fees for the digitally-held gold. [\[3\]](#cite-id-vExYwnmq3SIuEMyM) ### Price Stability * **Oracle Price Feeds:** Real-time gold pricing data is fed into the smart contracts via oracles, ensuring that the token's value is continuously updated based on live market conditions. * **Liquidity Pools:** Professionally managed liquidity pools are maintained on both centralized and decentralized exchanges to facilitate smooth trading and absorb price fluctuations. * **Arbitrage:** The structure allows for arbitrage opportunities, where traders can profit from discrepancies between GGBR's market price and the spot price of gold. This activity naturally pushes the token's price toward its peg. [\[2\]](#cite-id-u2GdAi8vKRZSseYH) ## Market and Adoption ### Trading and Liquidity The GGBR token is available for trading on a 24/7 basis, consistent with the continuous operation of cryptocurrency markets. It is listed on both [decentralized exchanges (DEXs)](https://iq.wiki/wiki/decentralized-exchange) and [centralized exchanges (CEXs)](https://iq.wiki/wiki/cex-centralized-exchange) to cater to different types of users. GGBR can also be traded on [DEXs](https://iq.wiki/wiki/decentralized-exchange) such as [Uniswap](https://iq.wiki/wiki/uniswap) and [CEXs](https://iq.wiki/wiki/cex-centralized-exchange) including CT.com and [MEXC](https://iq.wiki/wiki/mexc). This multi-platform approach is intended to ensure sufficient liquidity for traders and investors. [\[1\]](#cite-id-KIzaUciYjoTssDKr)​ ### Physical Redemption A key feature of GGBR is the ability for holders to redeem their tokens for physical gold, though this is subject to minimums. This process provides a tangible link to the underlying asset and serves as a fundamental component of the token's value proposition. The redemption process is facilitated through a network of regulated precious metals dealers. The project has cited Monex, a major precious metals dealer, as an example of a redemption partner, through which holders can arrange for the delivery of physical gold in exchange for their GGBR tokens. [\[1\]](#cite-id-KIzaUciYjoTssDKr) [\[2\]](#cite-id-u2GdAi8vKRZSseYH) [\[3\]](#cite-id-vExYwnmq3SIuEMyM)