Gate News Report, March 20 — The London-based World Gold Council (WGC) is planning to launch a “Gold as a Service” shared infrastructure platform aimed at connecting physical gold custody with digital issuance management, simplifying the process for companies to launch digital gold products. The platform will integrate operations through physical, digital, and connection layers, enabling synchronized management of physical gold and digital records while ensuring compliance and efficient operation.
According to a white paper jointly released by WGC and Boston Consulting Group, this solution allows issuers to focus on customer pricing, branding, and user experience, while the platform handles backend operations. WGC notes that the current global digital gold market is highly fragmented, with scattered, inconsistent products that are difficult to scale. Custody, ownership, and redemption lack standardization, limiting liquidity and hindering overall market development.
WGC CEO David Tate stated that financial services are rapidly digitizing, and gold must evolve in tandem to maintain its position in the global financial system. Shared infrastructure can make gold more accessible, facilitate trading, and integrate it into modern financial systems, ensuring its long-term value.
Currently, the tokenized gold market has grown from a niche to approximately $5.5 billion in market capitalization, dominated by Tether Gold (XAUT) and Paxos Gold (PAXG), accounting for about 92%. WGC aims to reduce issuance complexity through “Gold as a Service” and promote digital gold as a highly liquid, standardized, integrated asset class.
The platform has invited gold industry and related financial institutions to participate in development, with the goal of creating a interchangeable, transparent digital gold ecosystem that allows investors to easily transfer, trade, or collateralize gold assets, providing a reliable infrastructure for the future digital financial era.
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