Combining Gold Assets With the Blockchain: Britain’s Royal Mint and Vaultoro Dec 15, 2016
News of the recent collaboration between Britain's Royal Mint and Chicago-based derivatives exchange CME Group has renewed conversations regarding the intersection between blockchain technology and gold assets. This relationship has led to the creation of an innovative and cost-effective approach to the trading, executing and settling of gold transactions worldwide.Scheduled to launch in 2017, Royal Mint Gold (RMG), as it is known, will provide an alternative to the physical spot-cost model of gold investing that levies management fees and ongoing storage charges. Once fully operational, RMG’s model will offer its customers a blockchain-based digital record of gold ownership that allows...
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