Coming Soon — Royal Mint Gold
The UK’s Royal Mint announced in November 2016 that investors could soon expect the first digitally-represented gold currency investment. Each unit of Royal Mint Gold digital assets will be worth 1 gram of gold. Royal Mint Gold with working with CryptoWallet’s partner-firm BitGo, the industry leader in encryption technology, to develop this new product and a soft launch is anticipated later this year.
CME Group is partnering with Royal Mint Gold for this endeavor. A representative from CME Group has said about this new product,
“This is the first digital gold product that is institutionally targeted — and the first to work with a government entity — to be currency in a live testing state.”
Check back in with us soon to learn more about digitally represented gold currency and the evolution of this market!