Royal Mint Gold
Royal Mint Gold is a digital gold currency and a cryptocurrency backed by gold reserves in the UK Royal Mint. The Royal Mint began testing blockchain transactions in April 2017. The first test transaction was in August 2017. The rollout was originally scheduled to occur by the end of 2017. US-based CME Group (Chicago Mercantile Exchange) is administering the trading. The Daily Telegraph said it "appears somewhat similar to an exchange-traded fund such as ETF Securities Physical Gold".
The Royal Mint states that "All gold is held within the highly secure storage facilities in The Royal Mint's vault and The Royal Mint acts solely as sub-custodian and has no claim on the gold" and that gold delivery is possible, with additional fabrication fees for amounts less than a London Good Delivery bar (400 oz, worth about US$400,000 on January 31, 2018).
- Anna Irrera (April 11, 2017), CME Group, Royal Mint test blockchain-based gold trading platform, Reuters
- "Blockchain could add lustre to gold market", Straits Times, Singapore, August 18, 2017
- Teresa Rivas (November 3, 2017), "Bitcoin $11,000? Expect Blockchain-Based Gold Trading Soon", Barron's
- New currency in race to remake one of world's oldest markets, Bloomberg, August 17, 2017 – via The Economic Times
- James Connington (4 December 2016), "Buy Royal Mint gold using Bitcoin tech - via your Isa firm", The Daily Telegraph, London
- FAQ, Royal Mint Gold official website, accessed January 31, 2018
- An Open Source Blockchain, CME, April 11, 2017
- Shelley Goldberg (December 22, 2017), How Blockchain Could Revolutionize Commodity Markets: The technology has already been adopted for gold trading, but could be extended to other sectors in the asset class., Bloomberg
- Lucas Mearian (February 9, 2018), "Governments eye their own blockchain cryptocurrencies", Computerworld
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