Launched in November 2022, ONS Gold Token (ONSG) is an asset-backed token redeemable 1:1 for 1 ounce of gold. Issued by Token Teknoloji Anonim Şirketi, this token is fully backed by gold on the blockchain at a 1:1 ratio and is indexed to the price of ounces of gold. For each ONSG created, an equivalent amount of physical ounces of gold is held as collateral in the company's reserves.