World Gold Council and Boston Consulting Group Propose Tokenized Gold Framework

The proposed Gold as a Service model targets the $4.9 billion tokenized gold market with standardized reserve management, ongoing audits, and interoperability.

Summary

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Terms & Concepts
  • Tokenized gold: A blockchain-based digital asset designed to represent ownership or exposure to physical gold reserves.
  • Interoperability: The ability of different blockchain systems or platforms to work together and transfer data or assets smoothly.
  • Reserve management: The process of overseeing and verifying the assets that back a tokenized product, such as physical gold.