London-based financial giant HSBC is trying its hand at gold tokenization. The bank launched tokenized ownership of physical gold held in its London vault on Wednesday, noting its use of distributed ledger technology (DLT) to trade the assets. Tokenized physical gold can be traded between HSBC and institutional investors through the HSBC Evolve platform.
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HSBC launches tokenized gold-focused offering for institutional investors
“In addition to demand for native digital assets, we are seeing an appetite for tokenization solutions that can maintain a link to specific real-world use cases, such as gold.”
