Gold-Backed Cryptocurrencies

[pmbug]

 

[pmbug]

Seems like the there are a lot of actors jumping into this market now ...

Dubai, UAE – May 7, 2025— Monetary Metals is pleased to announce a partnership with ORO Labs. ORO has created the first yield-bearing blockchain gold token, providing a new distribution channel for Monetary Metals.

While most gold tokens simply provide custody, ORO has developed something more valuable: a token that enables savers to earn a yield on gold.

Usman Saleem, Dubai-based ORO CEO, expressed excitement about the partnership and its potential:

“We’re proud to be working with Monetary Metals, the creators of the precious metals fixed income category. Their Gold Yield Marketplace® platform connects our token with real-world gold financing flows. Together we’ve transformed gold from a passive holding into a yield-bearing blockchain asset.”

Top Solana engineers and business leaders helped design ORO’s architecture to support compliance, legal clarity, and integration with gold markets. ORO leverages Solana’s high transaction throughput and low fee structure to attain massive scale.

Mark Pey, Vice President of Strategic Relationships for Monetary Metals Dubai commented on the collaboration:

“We are impressed by ORO’s focus on composability, and by their sustainable tokenomics. The crypto industry is shifting its focus to Real World Assets (RWA). With this partnership we’ve created an even more powerful category: Real World Productive Assets (RWPA).”

The ORO gold token is currently in an invite-only private beta phase with institutional and other participants. It will be open to the public in Q3.
...

Monetary Metals partners with ORO Labs | Monetary Metals

Monetary Metals partners with ORO Lans to launch yield-bearing gold token.

www.monetary-metals.com

 

[nickndfl]

How much gold that backs a token can determine competitive demand unless there is an industry standard.

 

[pmbug]

Looks like Aurus has bitten the dust...

 

[pmbug]

"Bhutan has officially launched TER, a sovereign-backed gold-backed digital token on the Solana blockchain, marking a landmark step in the Himalayan kingdom’s digital monetary strategy."

 

[Peter89]

It was only a matter of time for the World Gold Council to get onboard with gold tokenization. Imo tokenized gold products are going to replace gold ETFs

 

[pmbug]

More on the WGC plan (video at link):

...
So what we're, what we're doing with gold as a service is creating an industry-wide shared platform to really streamline and simplify access to the physical gold layer that is required to underpin any form of digital gold, including tokens.

The other element that's really important.

Important for us is the trust factor, which is really all of the digital products that are out there for gold in all different forms.

Each of those providers has to find a way that they can engender the trust in their, in their physical product and the gold that is underlying that.

So we aim to centralize that trust as part of the gold as a service offering.
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Gold as a Service: Bridging Physical Custody and Digital Innovation

Mike Oswin, the Global Head of Market Structure and Innovation at the World Gold Council, joins Remy Blaire to discuss the newly introduced concept of “Gold as a Service,” which aims at creating a shared infrastructure that bridges the gap between physical gold custody and digital issuance. Mike...

fintech.tv

As I understand it, and I don't fully grok it - their language is somewhat vague, they aren't planning to develop their own tokenized gold product. They want to build an umbrella system that existing tokenized gold products would plug in to. I'm not sure what the potential benefit of such an umbrella would be or why anyone would want to use it. I guess we'll have to wait and see.

The WGC did publish a white paper, but to access it, you have to give them your email address. I'm lacking the motivation to generate a burner email to access it:

Gold as a Service

www.gold.org