The company finalized the tokenization of the Alaska 4 mining claim at Idaho’s Friday Gold Mine on July 9, generating 49,600 tokens. This follows an initial batch of 57,200 tokens minted on June 30 from California’s Cahuilla Gold Project. NatGold’s model, which remains patent-pending, claims to represent the value of verified in-ground gold resources on the Ethereum blockchain without requiring physical extraction.

Despite this technical milestone, the anticipated debut of NATG on Kraken—originally slated for 10:00 a.m. EDT on July 8—failed to materialize. Executives stated they have received no explanation for the holdup. CEO Andrés Fernández noted that the firm is now pivoting toward scaling its operations and broadening its resource base across different jurisdictions. The company has allocated 7% of the minted tokens to a contingency fund and a social giveback program, citing a commitment to institutional integrity as it moves from development to live market entry.