Tokenised gold bar to advance Hong Kong’s ambitions as digital, metal trading hub
Hong Kong’s plan to start an interbank tokenised gold transaction project marks a crucial step in its quest to make itself a key global hub for the precious metal, according to analysts. The city planned to launch a gold token representing a standard 400-ounce gold bar, referencing HAU, Hong Kong’s ticker for gold prices launched earlier this year, said Secretary for Financial Services and the Treasury Christopher Hui Ching-yu during the annual Fintech Week event on Monday. He said the effort...
Places named in this report: Hong Kong
Exact coordinates
hong kong: 22.400, 114.110
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