HSBC Launches Gold Token, Chinese Investors Turning to Gold Beans, SWIFT Planning CBDC Rollout
HSBC has launched a blockchain-based digital gold token for retail investors in Hong Kong that is backed by physical gold held in the bank’s London vault allowing for efficient and cost-effective tracking of allocated and unallocated gold holdings.
Young investors in China have started a trend towards accumulating tangible wealth by stacking 1 gram gold beans. The beans are affordable and are viewed as a low-risk investment options.