World Gold Council Proposes Shared Infrastructure for Tokenized Gold Products

The World Gold Council, the gold industry's leading market-development body, announced Thursday it is building shared infrastructure designed to make digital gold products more interoperable, scalable, and easier to launch. The initiative, detailed in a white paper co-authored with Boston Consulting Group, proposes a platform called "Gold as a Service" — an open middleware layer connecting physical gold custody with the digital systems used to issue and manage gold-backed products. The platform would standardize backend processes, including custody coordination, reconciliation, compliance, and redemption, while leaving front-end product design and branding to individual issuers. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io