The World Gold Council, in strategic partnership with Boston Consulting Group, announced on Thursday the launch of a new framework designed to standardize the issuance and management of tokenized gold products. Dubbed “Gold as a Service,” the initiative aims to build a shared infrastructure that connects physical gold custody directly with digital financial systems, potentially challenging the dominance of private issuers like Tether and Paxos.
EXPLORE: Solana RWAs Tokenization Value Hits Record High
Institutional Push to Standardize Fragmented Gold Markets
The release marks a significant pivot for the trade association, which represents 29 major gold mining companies. While the World Gold Council pioneered the digitization of gold via the $126 billion SPDR Gold Shares (GLD) ETF in 2004, the modern tokenized gold market has developed largely outside of traditional finance rails. Currently, gold-backed tokens command a market capitalization of approximately $4.9 billion
We współpracy z: https://www.coinspeaker.com/world-gold-council-releases-tokenized-gold-framework/
