Hong Kong will launch 'Digital Gold Token' online, and compete with Bitcoin on an encryption platform.

The Hong Kong gold market ushered in a historic reform, the bullion exchange was transformed into the "Hong Kong Gold Exchange", and the digital gold token GoldZip innovative product was launched, combining policy support and technology applications to inject new impetus into global gold trading. (Synopsis: The Evolution of Funding Rate: From the Golden Age of 2021 to the Arcitrage Renaissance in 2024-2025) (Background added: When will BTC surpass gold?) CEO of Galaxy Digital: History will be witnessed in 5~8 years) Recently, Hong Kong's gold market has ushered in historic changes! From 2025, the Hong Kong Gold and Silver Exchange will be transformed into the "Hong Kong Gold Exchange", Hong Kong is an important financial city in Asia, to change the history of precious metal trading since 114, reform the new gold exchange, and build an international gold trading center on this basis. Bullion Exchange transforms gold exchange, combining history and innovation Since its establishment in 1910, the Hong Kong Gold and Silver Exchange has been at the heart of local gold and precious metals trading. As demand in the global gold market rises, in December 2024, the exchange announced that it would be restructured into the "Hong Kong Gold Exchange" and officially opened in 2025. The exchange will focus on spot trading of gold, silver, etc., while promoting innovative products such as digital gold GoldZip and Compliancelist to the local cryptocurrency trading platform. Digital gold GoldZip, through digital authentication to achieve the popularization of gold investment, the investment unit is reduced to grams (g), based on the current gold price, each lot is about a few hundred Hong Kong dollars, can be traded and cashed out 24 hours. In theory, if the exchange is open to withdraw to personal wallets, it will be able to achieve decentralization asset management. Exchange Chairman Cheung Tak-hee said that this restructuring is in line with the Hong Kong government's goal of "enhancing Hong Kong as an international gold trading centre", and plans to promote the implementation of policies through the establishment of a gold market development working group to enhance Hong Kong's competitiveness in the international market in the short term. Government supports gold industry development, kick-starts infrastructure and connectivity The construction of world-class gold warehouses mentioned in the Policy Address is an important part of this plan. At present, Hong Kong's vault is located in the restricted area of the airport, but due to the limited geographical location and ease of operation, it cannot fully meet the market demand. To this end, the Government is considering setting up a new vault at the Lok Ma Chau Port border in northern Hong Kong to enhance the "connectivity" of the gold markets between Hong Kong and China. The industry also has high hopes that the new warehouse will serve China's demand more effectively and attract more international capital. In addition, the concept of "Gold Connect" has also emerged, which may refer to the operation mode of Stock Connect and Bond Connect to further deepen the market in China and Hong Kong. Geopolitics and Central Bank purchases drive gold demand In recent years, geopolitical turmoil and global economic uncertainty have pushed gold to become a safe haven asset again. The data shows that the proportion of gold buying demand in global Central Bank has increased to 23% in 2023, up from 11% in 2021. Gold is the world's largest asset, and its Liquidity is second only to the US S&P 500 index. Zhang Dexi mentioned that although the gold price has been slightly conservative recently, as geopolitical issues continue to ferment, he believes that the gold price will maintain a strong momentum, and is expected to stabilize above $2,500 per ounce, or even challenge $2,850. In the past, HSBC and Tether have both launched gold tokens, such as HSBC Gold Token and Tether Gold (XAUt), but they are limited by commercial applications and lack of popularity. However, the gold market restructuring and digital gold token promoted by the Hong Kong authorities means that gold tokenization will be further combined with policy support, which is expected to bring a new atmosphere to the gold market and greatly enhance investor participation and convenience, so let's continue to follow. Related Stories The Evolution of Funding Rate: From the Golden Age of 2021 to the Arcitrage Renaissance in 2024-2025 When will BTC surpass gold? CEO of Galaxy Digital: 5~8 years will witness history The scale of the US BTCETF officially surpassed the gold ETF, subverting the 20-year dominance of gold (Hong Kong will launch the "digital gold token", online encryption platform to fight BTC) This article was first published in the dynamic area BlockTempo "dynamic trend - the most influential Block chain news media".