Until now, the tokenized gold market has largely been driven by crypto companies such as Tether and Paxos, which developed their own physical storage mechanisms and token issuance channels. However, a broader group of gold industry participants and financial institutions is now joining the space. On Thursday, WGC, together with Boston Consulting Group (BCG), released a report titled “Digital Gold: The Case for a Common Infrastructure”, outlining the concept of “Gold as a Service.” This proposed platform would support the issuance and management of scalable and interoperable gold-backed digital products. While gold ... (full story)