World Gold Council Launches 'Gold as a Service' Framework for Tokenization

The World Gold Council (WGC) and Boston Consulting Group (BCG) have proposed a new platform titled "Gold as a Service" (GaaS) to modernize the digital trading of the precious metal. Developed in collaboration with global law firm Linklaters, the framework establishes a standardized regulatory approach for tokenized gold products. A key objective of the new standard is to enable gold's use as high-grade collateral without the logistical need to physically move bars between vaults. By unifying processes for custody and compliance, the framework addresses the historical trade-off between the safety of title to specific bars and the liquidity of credit-based claims. This initiative aims to enhance gold's fungibility and facilitate its seamless integration into modern digital financial ecosystems. The WGC’s strategic push highlights its commitment to maintaining gold's relevance as a liquid, institutional-grade asset in an increasingly digitized global market.

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