Radar Telegram alerts Open Radar

Reviewed in the latest evaluations of the "World Gold Council". "Tokenization" is the next step in the historical evolution of the gold market and the transformation of the financial security system. Global market experts and the World Gold Council announced that with the acceleration of the digitization of the international financial system, the "gold token" has the potential to release more than 700 billion dollars of new demand for investment, and transform this precious metal from a "stagnant storehouse of value" in the treasury to an "active and productive collateral tool" in regulating financial transactions and providing liquidity to financial institutions. Gold has been known as one of the most reliable safe havens for preserving value for thousands of years. However, in the context of the digitalization of monetary structures, the fundamental question of experts is how will the position of this strategic metal be redefined in the era of assets based on distributed ledger technology (DLT)? According to the latest estimates of the "World Gold Council" (WGC), tokenization technology (conversion of physical assets into digital tokens with specific backing) has the ability to attract up to 700 billion dollars of latent investment demand; A figure that will create a market equal to the current market value of exchange-traded funds (gold ETFs) backed by gold. Read the full report on the Senate website.

תרגם לעברית

SenaNews · · Source

Reviewed in the latest evaluations of the "World Gold Council". "Tokenization" is the next step in the historical evolution of the gold market and the transformation of the financial security system. Global market experts and the World Gold Council announced that with the acceleration of the digitization of the international financial system, the "gold token" has the potential to release more than 700 billion dollars of new demand for investment, and transform this precious metal from a "stagnant storehouse of value" in the treasury to an "active and productive collateral tool" in regulating financial transactions and providing liquidity to financial institutions. Gold has been known as one of the most reliable safe havens for preserving value for thousands of years. However, in the context of the digitalization of monetary structures, the fundamental question of experts is how will the position of this strategic metal be redefined in the era of assets based on distributed ledger technology (DLT)? According to the latest estimates of the "World Gold Council" (WGC), tokenization technology (conversion of physical assets into digital tokens with specific backing) has the ability to attract up to 700 billion dollars of latent investment demand; A figure that will create a market equal to the current market value of exchange-traded funds (gold ETFs) backed by gold. Read the full report on the Senate website.

Reviewed in the latest evaluations of the "World Gold Council". "Tokenization" is the next step in the historical evolution of the gold market and the transformation of the financial security system. Global market experts and the World Gold Council announced that with the acceleration of the digitization of the international financial system, the "gold token" has the potential to release more than 700 billion dollars of new demand for investment, and transform this precious metal from a "stagnant storehouse of value" in the treasury to an "active and productive collateral tool" in regulating financial transactions and providing liquidity to financial institutions. Gold has been known as one of the most reliable safe havens for preserving value for thousands of years. However, in the context of the digitalization of monetary structures, the fundamental question of experts is how will the position of this strategic metal be redefined in the era of assets based on distributed ledger technology (DLT)? According to the latest estimates of the "World Gold Council" (WGC), tokenization technology (conversion of physical assets into digital tokens with specific backing) has the ability to attract up to 700 billion dollars of latent investment demand; A figure that will create a market equal to the current market value of exchange-traded funds (gold ETFs) backed by gold. Read the full report on the Senate website.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram