what's ION.au?

I-ON Digital Corp's ION.au is a gold-backed digital security representing fractional ownership in audited in-situ gold reserves. Pegged to the LBMA spot price equivalent of one troy ounce of gold, it features a 5:1 overcollateralization reserve model. Security is ensured through UCC-1 liens on physical assets, Fireblocks custody, and on-chain proof-of-reserves via oracles, providing institutional-grade transparency and compliance. Designed for blockchain integration, ION.au enables DeFi composability as collateral for tokenized assets like GGBR and stablecoins such as pmUSD. It transforms illiquid gold into programmable, yield-bearing digital instruments without mining, supporting regulated tokenization, digital banking, and open-finance ecosystems via I-ON's Digital Asset Platform (DAP).