Gold on a blockchain? What, how and why?
By GCRU Gold News on Friday, January 3 2020, 12:41 - Permalink
Tokenised gold may be one of the most important developments in the gold industry. Short of physical use cases, it improves on the functionality of gold in every way – in that it’s trivial to store, it’s readily-accessible to anyone with an internet connection, and it can be traded cheaply and instantly all across the world.
It will appeal to all kinds of buyers, and, most importantly, open the doors to new types of investors – from those who simply want exposure to small amounts of the asset, to long-term investors that do not wish to take physical possession of their gold holdings, to traders (both from the traditional financial markets and emerging digital asset ones) seeking an alternative to existing gold products.
As the financial world continues to evolve and become increasingly digitally-focused, traders will benefit from the accessibility and price stability of government guaranteed gold to safeguard their financial interests.