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Tokenised gold bar to advance Hong Kong’s ambitions as digital, metal trading hub

Tokenised gold bar to advance Hong Kong’s ambitions as digital, metal trading hub
Image: South China Morning Post

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 strategically important 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…

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