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Hong Kong Plans Gold Token Backed by 400-Ounce Bars - CryptoRank
Hong Kong is planning the issuance of a gold token backed by standard 400-ounce institutional gold bars, signaling new regulated institutional tokenization initiatives in the region.
So what
Using 400-ounce London Good Delivery bars establishes institutional-grade physical backing that directly appeals to institutional asset managers. This initiative could challenge existing retail-focused tokenized gold wrappers by aligning more closely with traditional vaulting and custody standards in Asia.