GJ Town India

  WGC & Linklaters Consulting unveils Wholesale Digital Gold   The World Gold Council (WGC), Linklaters and Hilltop Walk Consulting have unveiled a pioneering vision to transform the global gold market through the introduction of Wholesale Digital Gold—a transformative concept that will enhance how gold is owned, traded, and utilised.   In today’s wholesale market, gold trades are settled in two main structures. The first is allocated gold which involves direct ownership of specific physical bars but is operationally complex; and the second is unallocated gold, which has higher liquidity and lower costs, but may expose investors to the credit risk of the institution where the account is held. Following on from the FMSB’s Precious Metals Spotlight Reviews1, and in consultation with key industry participants; we propose a new way to settle gold, bridging the gap between these two structures. Pooled Gold Interests (PGI) combines the best of both worlds by provid...

Blockchain: Digital supply chain solution, bullion Integrity   aXedras Group AG (aXedras) announces it has concluded its Series B funding round, including a strategic investment from the World Gold Council (WGC) who will be represented on the Board of Directors by David Tait, CEO of WGC. The aXedras team is excited to have reached this latest milestone and will use this round of funding to move the business into a growth and global scaling phase.   aXedras uses blockchain- / distributed ledger technology to develop and implement a secure, confidential, digital supply chain solution for the precious metals industry, and to immutably document gold from the mine to the end-user.  Urs Röösli, Chief Executive Officer, aXedras commented, “We are excited to partner with WGC and look forward to expanding on the work we have already done. Our Bullion Integrity Ledger provides investors, consumers and all market participants with provenance, integrity and chain of custody crede...