NewGenDigital Appointed as SAXA Inc.’s Agent for Tokenization of US$100 Million of Gold-backed Assets

Core Insights - NewGenDigital has been appointed as SAXA's worldwide tokenization agent, with an initial focus on a US$100 million tranche of gold-backed assets, potentially expanding to US$1 billion [1][2][4] - The agreement is part of a two-part transaction that includes a proposed reverse merger between NewGen and SAXA, establishing a foundation for cooperation [2][5] - NewGen's strategic move into gold-backed asset tokenization signifies an expansion of its digital asset portfolio and aims to create new revenue streams through blockchain technology [3][4] Company Overview - NewGenIVF Group is a diversified, tech-forward entity engaged in real estate development, digital asset management, and reproductive health solutions, operating through three strategic divisions [6] - The company has recently entered the art tokenization market and is now extending its expertise to precious metals, reinforcing its position in the blockchain and digital asset space [3][5] - NewGenDigital will earn a 5% commission on tokenized assets sold, which could represent a revenue opportunity of over US$5 million [4]