WGC moves to standardize tokenized gold beyond Tether and Paxos | Metals Mine

  • WGC moves to standardize tokenized gold beyond Tether and Paxos

    From tradersunion.com

    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 ... (full story)

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