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NatGold Digital Ltd. concluded its pre-IPO token reservation program on February 25, 2026, with 17,466 individuals from 162 countries/regions reserving a total of 133,518 NatGold tokens. Based on a baseline intrinsic value of $3,518 per token, total demand exceeds $469 million. The pre-IPO issuance cap is 25,000 tokens, which will be allocated on a first-come, first-served basis, with a 10% discount. CEO Andrés Fernández stated that the company is transitioning to the execution phase and will soon announce the dates for the initial tokenization event and pre-IPO trading.