CME Group in Final Preparations to Launch Blockchain-Based Gold Trading Platform

[kreslik.news]

U.S.-based derivatives exchange CME Group today announced it is in the final stages of testing a blockchain-based digital platform for dealing in gold. CME Group has partnered with the UK government-owned Royal Mint to facilitate the transfer of ownership of digital gold using blockchain, the technology that underpins Bitcoin.

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The platform will see Britain’s Royal Mint, which is permitted to strike British coins, issue a product dubbed “Royal Mint Gold”, or RMG which then will be traded via the platform run by the CME Group. One RMG will equate ... (read more)