News in brief

The UK’s Royal Mint is working with derivatives marketplace CME Group to develop a new gold trading system using blockchain technology. Launching in 2017, Royal Mint will issue Royal Mint Gold (RMG) as a digital record of ownership for gold stored at its storage facility. CME Group will develop and operate the digital trading platform to “provide an easier, cost-effective and cryptographically secure alternative to buying, holding and trading spot gold”.

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