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HSBC Reports Major Adoption of Tokenized Gold in Hong Kong

The bank’s blockchain-based gold product ranks as the world’s third largest in the sector, reflecting strong retail client uptake in Hong Kong.

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Terms & Concepts
  • Tokenized gold: Digital representation of gold ownership recorded on a blockchain, allowing fractional ownership and easier transfer.
  • Blockchain: A decentralized digital ledger technology that records transactions in a secure and transparent manner.