The World Gold Council (WGC), in collaboration with Boston Consulting Group, has presented a proposal for a new regulatory and technological framework called “Gold as a Service.” With this initiative, they aim to standardize the creation of digital assets backed by physical gold, allowing various companies to use a shared network to manage reserves, continuous audits, and guarantee fungibility between different tokenized products on the blockchain.
This proposal represents a paradigm shift for the RWA (Real-World Assets) market. Currently, the sector is dominated by giants like Tether (XAUt) and Paxos (PAXG), which operate with their own closed infrastructures. The WGC’s proposal intends to democratize market access by reducing the high operating and custody costs that have traditionally hindered the expansion of digital gold. This would make it easier for hundreds of new issuers to adopt a “seal of trust” similar to hardware’s “Intel Inside.”
In summary, the industry needs to migrate from a siloed model toward an interconnected ecosystem that boosts the liquidity of the precious metal within the crypto environment.
Source: https://n9.cl/yq426
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