Hong Kong Plans to Launch Interbank Tokenized Gold Trading, Each Token Representing a 400-Ounce Gold Bar

TechFlow reported on November 5 that, according to remarks published by the Hong Kong SAR Government, Secretary for Financial Services and the Treasury Christopher Hui said on November 2 that the interbank tokenized gold trading project will be launched soon.

The project will leverage the Hong Kong Monetary Authority's Project Ensemble, with each gold token representing a standard 400-ounce gold bar. Transactions will be priced at the Hong Kong Gold Reference Price HAU and will incorporate tokenized deposits.

Source: TechFlow