🚨HSBC LAUNCHES DIGITAL GOLD
The HSBC Gold Token is the first #digitalgold coin in the world launched by a bank for retail buyers.
✅ Gold tokens represent gold in bank’s vault
✅ Blockchain allows holders to more easily track #gold they own pic.twitter.com/OSU4jnD9wa
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) March 27, 2024
HSBC’s new gold investment is available through the bank’s online banking service and app, it said Wednesday.
It’s the first time HSBC has used its private distributed ledger for everyday investors. To power the gold token, the bank is using its digital assets platform Orion. This platform facilitates the issuance and storage of digital assets like bonds.
The introduction of the HSBC Gold Token marks the initiation of retail products driven by the Orion platform. This system generates digital tokens representing actual gold bars, enabling their trade through HSBC’s single-dealer platform.
cryptonews.com/news/hsbc-launches-tokenized-gold-retail-investors-hong-kong.htm
~24 (down to even 20/ozs) AU:BTC is probably a better initial downside target to play with this spec. trade pic.twitter.com/ETubMh3rbJ
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) March 27, 2024