System and Method for Implementing a Real-World Asset-Backed Sovereign Digital Currency Using Distributed Ledger Technology

Abstract

Embodiments of the present disclosure may include a sovereign digital currency system including a blockchain network including a plurality of authorized nodes. Embodiments may also include a real-world asset (RWA)registry configured to maintain digital records of physical assets including gold reserves and government-owned resources. Embodiments may also include generate unique digital identifiers for each registered physical asset. Embodiments may also include track chain of custody information for each registered physical asset. Embodiments may also include a tokenization engine coupled to the RWA registry and configured to create digital tokens backed by the registered physical assets. Embodiments may also include maintain a predefined reserve ratio between issued tokens and registered physical assets. Embodiments may also include execute smart contracts governing the creation and destruction of digital tokens.

CPC Classifications