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Tokenised gold bar to advance Hong Kong’s ambitions as digital, metal trading hub

Tokenised gold bar to advance Hong Kong’s ambitions as digital, metal trading hub
Key Points

Hong Kong’s plan to start an interbank tokenised gold transaction project marks a crucial step in its quest to make itself a key global hub for the strategically important precious metal, according to analysts. The city planned to launch a gold token representing a standard 400-ounce gold bar, referencing HAU, Hong Kong’s ticker for gold prices launched earlier this year, said Secretary for Financial Services and the Treasury Christopher Hui Ching-yu during the annual Fintech Week event on...

Hong Kong’s plan to start an interbank tokenised gold transaction project marks a crucial step in its quest to make itself a key global hub for the strategically important precious metal, according to analysts. The city planned to launch a gold token representing a standard 400-ounce gold bar, referencing HAU, Hong Kong’s ticker for gold prices launched earlier this year, said Secretary for Financial Services and the Treasury Christopher Hui Ching-yu during the annual Fintech Week event on... [Image text:] C88245 C8826 882 C8828 C88258 88248
Hong Kong’s (LOCATION) Financial Services (ORG) Treasury (ORG) Christopher Hui Ching-yu (PERSON) Fintech Week (EVENT)
Originally published by South China Morning Post Read original →