The World Gold Council is planning to launch "digital gold"
2025-09-03 04:15:15
The World Gold Council is looking to launch a digital form of gold that could revolutionise London's $900 billion physical gold market by creating a new way of trading, settling and collateralising the metal, the Financial Times reported. David Tait, chief executive of the World Gold Council, said in an interview that the new form would make it possible for "gold as collateral to be delivered digitally within the gold ecosystem for the first time". While many investors value gold as a safe haven precisely because of its physical nature and lack of counterparty risk, Tait believes it must be digitised to expand its market reach. "We are trying to establish a standardised digital layer for gold so that the various financial products used in other markets can be applied to the gold market in the future," said Mr. Tait. "My goal is to get a lot of asset managers around the world to re-examine gold."
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Review of market changesNext article：
Futures Hotspot Tracking
