According to the Hong Kong Gold Exchange, its partnership with Alibaba will build a unified blockchain-powered precious metals trading platform linking Hong Kong’s central gold clearing system.
Hong Kong Gold Exchange announced an official partnership with Alibaba Group to develop a digital commodity blockchain and an international precious metals trading platform. The initiative will include unified risk control and regulatory systems, and is expected to connect with Hong Kong’s central gold clearing infrastructure. The project is targeted for completion in six months, reflecting a strategic move to integrate blockchain into regulated commodity markets.