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CME And Royal Mint Gold Blockchain And Trading Platform In Live Testing

Date 11/04/2017

CME Group and the Royal Mint have started testing a blockchain-based platform for trading gold. The new platform, built with technology companies AlphaPoint and BitGo, will allow institutions to trade RMG (Royal Mint Gold), a digital gold product created by the Royal Mint and CME Group.

Each RMG will represent the digitized version of 1 gram of gold stored in the Royal Mint's vault.

RMG will change the way traders and investors trade, execute and settle gold.