Trading

CME and Royal Mint to launch blockchain-based gold trading

Pair hope digital offering will make trading in the commodity easier and cheaper

CME and Royal Mint to launch blockchain-based gold trading
Photo: iStockphoto

CME Group and the UK's 1,100-year-old Royal Mint are using blockchain technology within a digital platform for trading gold, in a bid to make investing in the commodity easier and cheaper.

The exchange operator and the UK government-owned Royal Mint are eyeing a mid-2017 launch for the digitised product - Royal Mint Gold (RMG) - they said in a November 29 statement.

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