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The Perth Mint says its project to offer gold-backed Perth Mint Gold Tokens (PMGT), “is paying early dividends with a surge in investors registering to trade gold on digital platforms.”
Australia’s only bullion mint is backing a new digital token aimed to allow investors to trade the precious metal in real time.
Perth Mint has teamed up with a team of scientists in Sydney to come up with the first digital gold token on a public blockchain backed by a government-guaranteed gold.
Fintech firm InfiniGold said on Thursday it would launch a digital token backed by gold stored in the vaults of Australia’s Perth Mint, one of the world’s largest precious metals refiners.
Australia’s largest precious metal refinery, the Perth Mint, and InfiniGold, a fintech startup focused on precious metals digitization, have jointly launched a gold-backed digital token.