Major gold trade group releases framework for tokenized gold

The World Gold Council says it will develop a platform to connect physical gold to the systems used to issue and manage tokenized gold products.

The major gold trade association, World Gold Council, and the Boston Consulting Group have proposed a new platform to modernize how the precious metal operates in digital financial systems.

The World Gold Council said on Thursday that it published a white paper on “Gold as a Service,” a new platform to “support the issuance and operation of scalable, interoperable digital gold products.”

The open platform would connect the physical custody of gold with the digital systems used to issue and manage tokenized gold products. 

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