The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Bringing gold into the digital age with blockchain

The technology promises more transparency, security and speedier deals and it could also attract new participants at a time when investors are souring on gold-backed ETFs

Published Thu, Aug 17, 2017 · 09:50 PM
Share this article.

New York

THE blockchain revolution is gunning for the gold market.

Public online ledgers that emerged from the explosive markets for bitcoin, a virtual currency, already have drawn the attention of businesses from banks to retailers which see blockchain systems as a revolutionary way to verify and record transactions. Now, companies including exchange owner CME Group Inc, IEX Group Inc spinoff TradeWind Markets and financial technology firm Paxos are rolling out similar platforms to bring gold into the digital age.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here