Goldzip launches in Hong Kong with US$300 million worth of physical metal in reserve from exchange members

Published: 12/05/2019
Goldzip launches in Hong Kong with US$300 million worth of physical metal in reserve from exchange members
Source: WWW.SCMP.COM

Hong Kong’s local gold exchange will back its new platform for trading digital gold with an initial US$300 million worth of the precious metal, with the minimum reserve to be guaranteed by members of the Chinese Gold & Silver Exchange (CGSE) for three years.Participating members in the new platform called Goldzip are undergoing an audit of their physical gold inventory before it is moved into a va

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