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World Gold Council concocting another form of disembodied gold
London’s Bullion Market to Trial Digital Gold
By Leslie Hook
Financial Times, London
Wednesday, September 3, 2025
The World Gold Council is seeking to launch a digital form of gold, a move that could revolutionise London's $900 billion physical market for the precious metal by creating a new way to trade, settle, and collateralise bullion.
This new format would create the ability to "pass gold digitally around the gold ecosystem, as collateral, for the first time," said David Tait, chief executive of the World Gold Council, an industry body representing gold miners, in an interview with the Financial Times.
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While many investors value gold precisely because of its physical nature and its lack of counterparty risk, seeing it as a haven asset, Tait argues that bullion must be digitised to broaden its market reach.
"We are trying to standardise that digital layer of gold, such that the various financial products used in other markets can be used in the gold market going forward," said Tait, a former banker. "My goal is that many asset managers around the world will suddenly look at it differently," he added. ...
... For the remainder of the report:
https://www.ft.com/content/7d15b6b6-0a55-4b94-bb6e-de3b325c3b42
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