Tokenizing Trust in the Gold Investment Realm
In a world where financial security and trust are more important than ever, gold has remained a timeless symbol of stability. Yet, as technology reshapes every aspect of our lives, the way we invest in gold is evolving too. Today, forward-thinking platforms are redefining traditional gold investment, making it more accessible, transparent, and secure for modern investors. Leading this transformation is ComTech Gold — a name that’s quickly becoming synonymous with innovation and trust in the digital gold landscape.
Traditional ways of investing in gold are becoming outdated owing to the cons associated with buying and selling it. In modern times, digital gold provides effective ways of investing in gold without any hassle of buying it physically and later worrying about keeping it safe. ComTech Gold is one of those platforms that have come up as the most trusted names in facilitating secure transactions for people seeking ways to invest in gold. Owing to its innovative features and reliable portal, ComTech Gold has become one of the prominent establishments in digital finance assets located in the Middle East region.
We believe its story deserves to be featured at the forefront since there is a rising demand among the global population for such platforms. What propels them? It is a single-minded vision to simplify and bring transparency to the realm of gold investment. Under the leadership of its visionary founder, Jignesh Ved, the company is scaling to greater heights with a projection to soon emerge as a global entity in this space. We started by asking him about how he defines the term success in the business world.
To this, he responded, “What defines a career? Is it the accolades or the failures? For me, the most defining moment wasn’t a single triumph—it was a mindset shift.” In talks with Jignesh, we explored how he, as a young developer who once questioned the monotony of routine coding, chose to think beyond the ordinary, setting himself on a path of transformative leadership and bold innovation.
A Path to Leadership, Keeping Grit at the Core
During his early years in the corporate world, Jignesh began his job writing code and adhering to guidelines after graduating from college. However, he soon discovered that true development required deviating from the norm while carving one’s own path. He asserts that “doing things differently is what drives you toward leadership.”
Of course, praise isn’t always given to invention. Earlier attempts to think creatively were frequently ridiculed and unsuccessful. But rather than shattering him, those defeats served as stepping stones. “Every setback strengthened me,” he muses. “They made it easier for me to comprehend the struggles my team would face when things didn’t go according to plan.”
His leadership style was influenced by this empathy, which came from experience. According to Jignesh, “A good boss and a good leader are very different. I try to improve every day over the previous one. You can learn from anyone, even a six-yearold, and leadership is a lifelong process.”
The genesis story of Comtech Gold
Jignesh has always been an ambitious leader who strives to create something of his own. He craved to establish something significant, which led him to the inception of ComTech. Before starting the business, Jignesh experimented with a variety of industries, such as commodity platforms, banks, and stock exchanges. He had the technical knowledge and courage to imagine a further jump owing to these experiences. Some of the solutions he developed in those early days, such as the supply chain platforms for Emirates NBD or the cashless scheme for ICICI Lombard, are still quite popular today as well.
They were more than just victories; they demonstrated his ability to develop significant solutions on a large scale to create ripples at ground level. His greatest venture, however, was brought about by his fascination with gold and the changing tech scene.
The Transition to Digital Gold
Jignesh looked into gold investment alternatives as the price of the precious metal surged. He identified a crucial gap: in a world where technology is king, gold is still mainly out of reach for the typical investor. “What if we could tokenize gold?” he suggested, drawing inspiration from blockchain technology. ComTech’s flagship product, a platform that enables customers to tokenize or digitize their gold holdings, was the solution. Although he first focused on cryptocurrency, he soon saw its limits for general users.
“Even understanding how Bitcoin works took me time—and I’m a technical guy,” he admits. “It’s overwhelming for the average person.” He therefore redirected his mind once more, this time in favor of digital gold that could be purchased using fiat money like USD, INR, or Dirhams without the hassle of cryptocurrency wallets and exchanges. Partnerships like the one with Kalyan Jewellers, which allowed clients to redeem their digital gold in tangible form, were the real breakthrough.
Turning Strategy into Systems
Jignesh enunciated how ComTech Gold allows the alignment of business objectives with technical feasibility, which is seen not just as a process but as both an art and a science. Over the years, particularly through hands-on experience in end-toend system development, the approach has evolved into one that is deeply techno-functional. In order to determine where technology can truly provide value, it is necessary to have a thorough understanding of the fundamental business objectives, whether they be lowering operational risks, speeding up time-to-market, or guaranteeing regulatory compliance.
For business stakeholders and technical teams to identify limits early and facilitate realistic, grounded planning, cross-functional communication is essential. Feasibility versus business impact matrix is used to rank strategic initiatives, directing choices that strike a balance between aspiration and realistic implementation. Iterative feedback loops and agile prototyping are used to make sure that solutions are technically sound and stay in line with business objectives.
Additionally, it is crucial to incorporate risk management and scalability concerns early on, particularly in capital markets where compliance and performance are crucial. This holistic approach positions ComTech Gold to translate visionary strategies into executable outcomes that are resilient, efficient, and future-ready.
Delivery expertise at every stage
“What truly ensures excellence isn’t just the framework, but the discipline to follow through, the transparency to course-correct, and the collaboration across business and tech,” quoted the founder. Having worked across the full product lifecycle— from RFP to deployment—this professional has learned that delivery excellence lies in the balance between consistent processes and agile execution. During the requirements phase, they bring both technical and business stakeholders together early, ensuring clarity on priorities and engaging compliance teams upfront to minimize downstream surprises.
In the solution stage, they emphasize creating user journey maps and system blueprints while using collaborative design workshops to proactively identify edge cases and dependencies. Their development approach integrates sprint planning, backlog grooming, and continuous testing pipelines to ensure steady velocity and quality, with regular stakeholder demos reinforcing alignment.
In QA and UAT, they advocate for designing test cases alongside development, ensuring full traceability to business goals, and involving business users early for a smoother validation process. When it comes to deployment, they focus on detailed rollout planning, live monitoring, and support readiness, followed by blameless post-mortems to extract learnings for future cycles. This end-toend approach reflects a structured yet adaptive mindset essential for delivering complex systems in capital markets.
The challenges in the operational needs
Leading the upgrade of a Factoring product for a prominent UAE-based bank, this professional navigated both strategic imperatives and high operational sensitivity with precision. The initiative began with a process-driven gap analysis to contrast existing and future-state workflows, followed by a phased migration strategy that enabled the new platform to run in parallel with the legacy system, ensuring accurate reconciliation and operational assurance.
The platform was architected with modular configurations to support varied client segments, while business rules for risk, invoicing, and settlements were externalized to accelerate policy updates without the need for core code changes. An automated compliance rules engine was seamlessly integrated with internal AML systems and credit bureaus, supported by comprehensive audit trails and reporting dashboards aligned with central bank requirements.
To enhance ecosystem connectivity, a middleware abstraction layer with REST APIs was developed, simplifying client onboarding and enabling real-time transaction updates. This approach combined deep domain understanding with technical foresight, delivering a future-ready solution aligned with the bank’s regulatory and business priorities.
Seamless and compliant transactions
Enabling global transfers through ComTech Gold requires a nuanced approach that balances strict regulatory compliance with seamless user experience—an ethos deeply embedded in the platform’s design. At the heart of this system lies a jurisdiction-aware compliance layer, which dynamically enforces KYC and AML protocols based on user location and screens against international sanctions lists such as FATF and OFAC.
While rooted in DMCC regulatory frameworks, ComTech Gold maintains regulatory flexibility via a mapping module that aligns each transfer with regional laws governing gold trade, digital assets, and cross-border financial flows. Its custody-centric model ensures that every unit of digital gold is fully backed by physical reserves stored with DMCC-approved custodians (vaults), delivering traceability and intrinsic value to institutions and regulators alike.
Transfers are executed through secure APIs featuring robust identity binding, permissioning, and transaction logging, while vetted partners—including exchanges, banks, and fintechs—are subject to stringent due diligence and usage restrictions. With all transactions recorded on a publicly verifiable blockchain, the platform offers not only transparency but also regulator-friendly dashboards and real-time audit tools. ComTech Gold ensures localized compliance while upholding a unified global infrastructure.
Ultimately, the platform is not just about moving gold— it’s about moving trust across borders, where compliance isn’t a limitation but a foundational principle.
Agility of modern digital investments
Jignesh explained that gold has historically been a safe haven in times of economic uncertainty. In this line, ComTech Gold is committed to preserving that legacy while reimagining gold for the digital era through enhanced accessibility, transparency, and utility. Each ComTech Gold token is backed 1:1 by physical gold stored in DMCC-approved vaults, with real-time verification enabled via Tradeflow warrants and blockchainbased audit trails.
By allowing fractional ownership starting from just half a gram, the platform opens up gold investment to a broader, more global audience, making it inclusive, liquid, and borderless. Beyond serving as a hedge against inflation and market volatility, ComTech expands gold’s utility through innovative use cases such as gold-backed financing, digital gifting, SIPs, loyalty programs, and future yield-generating mechanisms like lending and staking.
With a robust REST API infrastructure, ComTech enables seamless integration with banks, fintechs, and exchanges, bridging the gap between traditional asset security and the flexibility of modern digital finance. Built on DMCC regulatory frameworks, the platform ensures every transaction is transparent, auditable, and secure, offering institutions and retail users alike the confidence of regulatory compliance and blockchain integrity.
Innovation in a Regulated World
With innovation comes responsibility, especially in the industry ComTech Gold operates. For Jignesh, balancing disruption with accountability is non-negotiable. “Compliance is key,” he emphasizes. “You must know your customer, and the digital environment you build must be secure and authentic.” His team works meticulously to ensure that the platform isn’t just user-friendly, but also resistant to misuse or exploitation. The integrity of the system is what inspires longterm trust, and that trust is the currency Jignesh values most.
Evaluating technology stacks and deployment platforms
The fintech space is undergoing a transformative shift, with exciting innovations that are changing how financial services are built and delivered. Composable fintech architecture, with its modular, API-first design, is enabling faster product launches, better third-party integrations, and more personalized client experiences. Embedded finance is seamlessly integrating financial services into non-financial platforms, while AI and ML are enhancing personalization, fraud detection, and underwriting, with a focus on explainable AI for regulated environments.
Blockchain is maturing beyond crypto, revolutionizing asset tokenization, smart contracts, and trade finance. Meanwhile, the rise of Zero Trust and cloud-native security protocols is reshaping security frameworks, alongside the growth of no-code/low-code platforms that empower rapid prototyping.
Finally, RegTech tools are automating compliance and reporting, streamlining multi-jurisdiction operations. The future of fintech lies in platforms that are modular, intelligent, secure, and well-integrated into users’ everyday lives, balancing technical innovation with business and regulatory awareness.
Ensuring sustainability and scalability
To ensure sustainability and scalability while maintaining a strong market presence, the approach focuses on balancing vision, discipline, and agility. Building with a long-term view from the start, the emphasis is on scalable architecture and business models, such as modular platforms and API-first design. Growth is balanced with operational discipline, ensuring sustainable expansion through cost optimization, resource planning, and risk management.
Continuous engagement with clients and stakeholders helps maintain productmarket fit, supported by iterative delivery and real-world pilots. Strategic ecosystem partnerships with banks, regulators, exchanges, and tech enablers help drive growth and reduce friction. Brand strength is built through trust, transparency, and tangible results, with KPIs tracking scalability and impact metrics like transaction costs, onboarding velocity, platform uptime, and client lifetime value. The ultimate goal is to build a resilient and market-shaping product, driven by client obsession and integrity.
Meet the team members making a difference
- Lim Say Cheong- Independent Director With over 25 years at the helm of executive leadership, Lim Say Cheong has built a career defined by vision, momentum, and measurable impact. His approach goes beyond conventional business growth—he architects strategic ecosystems that translate potential into performance. From forging multinational partnerships to unlocking untapped market segments, Lim’s work spans continents and industries.
He’s not just adept at driving revenue—he orchestrates growth with precision, aligning corporate ambition with actionable strategies that deliver. Now serving as an Independent Director at ComTech Gold, Lim is uniquely positioned to catalyze the company’s vision, infusing it with global foresight and boardroom wisdom earned over decades of transformational leadership. - Ritika Bhardwaj- Chief Operating Officer At ComTech Gold, Ritika leads the Operations and Human Resources department, where her expertise drives both business efficiency and a thriving workplace culture. With a strong foundation in operational management and human capital strategy, she plays a pivotal role in aligning people, processes, and performance. Her experience spans high-growth, fast-paced industries, offering her a multidisciplinary and international perspective.
ComTech Gold has greatly benefited from Ritika’s nuanced understanding of Human Resource Development and Personnel Management, especially in centralized environments that integrate both in-house and outsourced teams. Known for her exceptional people management and interpersonal skills, she communicates effectively across all levels of the organization.
Her strengths lie in strategic planning, event management, and problem-solving skills complementing her natural leadership and negotiating abilities. Through every initiative, she remains focused on creating impact, fostering innovation, building cohesive teams, and steering operational excellence. - Gagandeep Singh- Marketing Specialist From the service desks of Samsung India to the dynamic boardrooms of Dubai, Gagandeep Singh’s marketing journey has been anything but ordinary. With over 10 years of hands-on experience, he has carved a niche at the intersection of creativity, technology, and strategic foresight. His early stints laid a strong operational foundation, but it was in Dubai—at Al Rais Enterprises Group LLC —where Gagandeep began shaping narratives that drove real business results.
At ComTech Gold, he didn’t just manage campaigns—he engineered outcomes. Under his stewardship, lead generation rose by 25%, while brand visibility soared by 80%, owing to his intuitive deployment of AI and advanced marketing tools.
Major milestones and future prospects
Throughout the journey, key milestones have not only shaped personal growth but also laid strong foundations for the organizations involved. Significant achievements include the launch of ComTech Gold, a tokenized gold ecosystem now used globally by regulated entities, alongside strategic custody, financing, and trade integrations. A major overhaul of a legacy factoring product for a leading UAE bank improved operational efficiency, reducing turnaround time by over 40%.
Collaboration with global regulatory bodies such as DIFC and DMCC streamlined cross-border compliance for secure, seamless transfers. Strategic alliances with banks, NBFCs, and ecosystem players have expanded product use cases in gold financing and trade digitization.
Looking ahead, the focus is on three key growth themes: scaling globally through partnerships by expanding infrastructure and offerings into emerging markets, unlocking additional utility for tokenized gold beyond investment into areas like payments and yield generation, and pioneering RegTech-enabled compliance-as-a-service solutions for fintechs and institutions. The future will be about scaling trust, enabling broader access, and redefining the utility of real-world assets in the digital age.
Leading the Change
Jignesh’s stunning journey of transitioning from coder to leader, from entrepreneur to fintech pioneer, is a testament to resilience, adaptability, and purpose. His story reminds us that leadership isn’t about having all the answers, but about asking the right questions—especially when the world expects you to stay silent. We are appreciative of how daring he has been to challenge the industrial norm and learned from every stumble.
Jignesh hasn’t just built a business but built a movement where technology meets trust, and innovation meets empathy. He has envisioned a radiant future for an evolved world where gold as a digital asset will change the course of mankind.
Parting words shared by the founder
Before signing off from the conversation, Jignesh shared a few key lessons that he would like to share from his journey: “First, it’s important to solve a real problem rather than just chase the latest trend. In a world filled with buzzwords like AI and blockchain, always ask yourself, “Who will actually benefit if this startup succeeds?” Focus on creating something that genuinely adds value or addresses a pain point, especially in markets that are underserved or overly complicated.
Even if you’re not technical, it’s essential to have a solid understanding of product architecture, data, and user flows. You don’t need to be a developer, but knowing how the tech works gives you a competitive edge and helps you make more informed decisions. Technology isn’t just something that enables you—it’s what sets you apart. Starting small and validating quickly is key. Build a minimum viable product (MVP) and get feedback from users as soon as you can.
Keep deep consideration for your first 100 users; they’ll teach you more than any pitch deck ever could. Be ready to iterate quickly, and don’t be afraid to cut features that aren’t being used.
Add Business Connect magazine to your Google News feed
