Royal Mint And CME Make A Mint On The Blockchain?
Royal Mint And CME Make A Mint On The Blockchain?
The last fortnight has been an exciting one in the gold and blockchain space. Earlier this week Euroclear and Paxos announced that a group which included Société Générale, Citi, Scotiabank had completed the first pilot of the blockchain-based gold trading platform as being developed by Euroclear. In Canada, the Royal Canadian Mint became the latest sovereign mint to announce a blockchain product with GoldMoney.
Royal Mint Gold Sovereigns 2017
The Royal Mint in the UK had beaten the Royal Canadian Mint and GoldMoney to it by announcing at the end of November that they were launching a blockchain project, one which will be in direct competition with the Euroclear project.
We will be looking at this week’s development in more detail shortly but today focus on the UK Royal Mint announcement and ask what this means for the 1,000 year old institution, the gold market and blockchain technology.
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