Royal Mint Collaborates with CME Group on Blockchain Gold Trading

[kreslik.news]

CME Group, one of the industry’s largest derivatives marketplaces, has teamed up with The Royal Mint to build a gold market using nascent blockchain technology which is set to transform the way market participants will be able to trade, execute and settle gold.

The new product is set to launch in 2017 and will see the state-owned Royal Mint issue a digitised gold offering called Royal Mint Gold (RMG) as a digital record of ownership for gold which will be stored at its highly-secure on-site bullion vault storage facility.  

CME will develop, implement and operate the product’s digital trading platform to provide a ... (read more)