@coinbureau One token per standard 400oz bar keeps the link to the physical market easy to audit.
HSBC’s retail gold t | Hanami
@coinbureau One token per standard 400oz bar keeps the link to the physical market easy to audit.
HSBC’s retail gold token passing 390K trades shows the demand in Hong Kong is already there.
Reply to @coinbureau: 🇭🇰 BIG: Hong Kong plans to tokenize 400-ounce gold bars in a push to become a global gold trading hub.
Hong Kong’s government says an interbank gold tokenization project is coming “very soon,” with each token representing one standard 400-ounce bar.
HSBC’s retail gold token has already logged 390,000 trades worth $2.5 BILLION as of August.
China’s central bank now holds a record 2,410 tonnes of gold, about 194,000 of those bars.
It has bought 103 tonnes in 2026 alone, per the World Gold Council.