InfrastructureProduct Launch
Hong Kong plans gold token backed by 400-ounce bars for bank transactions - Crypto News
Hong Kong advances plans to introduce a tokenized gold product backed by institutional-grade 400-ounce LBMA bars specifically tailored for interbank transactions and settlement.
So what
The introduction of a wholesale, bank-grade gold token backed by 400-ounce bars bridges traditional bullion custody directly with on-chain settlement rails. This provides institutional allocators with a regulated, compliant alternative for collateral management and DvP workflows in Asian financial hubs.