31-07-2025
At $11.5 billion, UGold stands tall, backed by the quiet strength of Finvasia's Global Ecosystem
Redefines gold ownership with real-world backing, stable growth, and global accessibility
In just two and a half years, UGold has accomplished what few digital assets ever have, growing from $6 billion to $11.5 billion in market capitalisation, all while maintaining one of the most stable price performances in the digital asset space. Presently, UGold trades seamlessly across major global exchanges, with daily volumes exceeding $100 million, and its price continues to track gold with near-perfect precision. But the peg isn't maintained through algorithms or synthetic models. It's backed by something tangible.
Every UGold token is fully backed by one ounce of 99.99 per cent pure physical gold, securely stored and deliverable upon demand anywhere in the world. That certainty, of substance over symbolism, is what sets UGold apart.
A product of precision and purpose
UGold was developed by Genius Digital Partners, co-founded by Vasilis Oxenuk, a seasoned Wall Street investor and global fintech strategist. He was later joined by Ilya Sorokin, a respected Wall Street fintech executive and technology innovator who now serves as its CEO.
Their mission was clear: to build the ultimate bridge between the timeless stability of gold and the modern efficiency of blockchain. No gimmicks and no speculative volatility. Just a trusted, scalable, and fully redeemable gold-backed token.
"UGold was built to last beyond trends," said Ilya Sorokin, CEO of Genius Digital Partners. "We wanted to give the world something simple, powerful, and real, a better way to own gold. What Vasilis and I are most proud of is that we've done it consistently and without compromise. And we're deeply thankful to Tajinder Virk and Finvasia for backing us, not just with infrastructure, but with leadership, discipline, and their trademark silent strength."
Finvasia's blueprint for global scale
According to UGold's founders, their journey to becoming the world's largest gold-backed token would not have been possible without Finvasia, a company known for launching transformative ventures across fintech, healthtech, banking, and payments. Finvasia brought more than capital to the table.
It delivered vision, leadership, execution, and infrastructure, including global regulatory frameworks, settlement systems, and a distribution network that spans Europe, the UAE, South Africa, the UK, Japan, and Australia.
"UGold is proof that when vision meets execution, extraordinary things happen," said Tajinder Virk, co-founder of Finvasia. "This milestone isn't just about market cap; it's about building a product with real-world utility that has stood the test of time. We're proud to stand behind Vasilis, Ilya, and the entire UGold team as they continue to achieve remarkable things."
The right innovation for a changing world
UGold's rise comes at a time when global macroeconomic shifts are redefining the role of traditional assets. Gold is once again at the centre of financial strategy, appearing in central bank reserves and in the portfolios of individuals seeking stability in uncertain times.
By combining the enduring value of gold with the seamless access of blockchain, UGold has evolved into more than just a digital token. It has become a modern instrument for global wealth preservation. Its perfect price tracking isn't just a feature, it's the outcome of full physical backing and a system engineered for delivery, not just digital representation.
A new era of gold ownership
UGold's journey has been quiet, deliberate, and rooted in fundamentals. It hasn't needed hype and perhaps that's precisely why it has succeeded.
The $11.5 billion milestone marks a moment of reflection and recognition, but it's far from the final chapter. With Finvasia's continued support, and with Genius Digital Partners expanding redemption, minting, and utility capabilities, UGold is only beginning to define what trusted, tokenised ownership of real assets can look like at global scale.
