HSBC introduces first-ever digital gold token, offering retail buyers direct access to gold stored in the bank’s vaults

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HSBC’s new gold investment is available through the bank’s online banking service and app, it said Wednesday.

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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.

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