【Market Flash】London gold is going on-chain: Will 9,534 tonnes of gold bars say goodbye to “bank IOUs”?
London’s vaults hold 9,534 tonnes of gold worth $1.2 trillion, and an on-chain transformation is underway. The UK’s FCA is discussing tokenized gold regulation with banks, and in May confirmed that it can be used as collateral for over-the-counter derivatives. London gold is now mostly traded through unallocated accounts, leaving buyers as unsecured creditors of banks; tokenization would enable instant transfers of ownership tied to physical gold bars. Are you bullish on putting gold on-chain?
$XAUT $PAXG $BTC
#黄金代币化 #RWA #LondonGold
(Source: Wu Blockchain)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; exercise caution when entering the market.
London’s vaults hold 9,534 tonnes of gold worth $1.2 trillion, and an on-chain transformation is underway. The UK’s FCA is discussing tokenized gold regulation with banks, and in May confirmed that it can be used as collateral for over-the-counter derivatives. London gold is now mostly traded through unallocated accounts, leaving buyers as unsecured creditors of banks; tokenization would enable instant transfers of ownership tied to physical gold bars. Are you bullish on putting gold on-chain?
$XAUT $PAXG $BTC
#黄金代币化 #RWA #LondonGold
(Source: Wu Blockchain)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; exercise caution when entering the market.
