Turkey’s Istanbul clearing, settlement and custody bank, Takasbank, has announced a blockchain-based gold trading platform dubbed
BiGA Digital Gold.
The project aims to provide customers with tokenized units of gold, backed by physical reserves with the Borsa Istanbul, which can be traded on the market.
Around the clock or 24/7 trading is one of the key benefits, as well as gold traceability. In future, the project will also be available to consumers. Tokenized gold usually enables end users to buy a fractional amount, and they don’t need to safeguard the gold physically. However, they need to keep their private keys securely.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
