The industry seeks to carve a niche in the fintech era, with a recent report estimating the digital gold market could be valued at $170 billion by 2031.
- The World Gold Council is actively promoting digital gold at fintech events to increase demand and establish its niche in the digital asset market.
- A key challenge for digital gold is building trust through industry standards for backing, custody, and redemption, as highlighted in a recent WGC report.
- The digital gold market is currently small but projected to grow significantly, facing competition from stablecoins and other digital currencies from traditional financial institutions.
Topics: Asset types, Infrastructure providers, Scalability, Alternative assets, Major financial incumbents, Growth metrics
Tags: #digitalgold #worldgoldcouncil #tokenizedgold #fintech #assetbackedtoken #trust #industrystandards #marketgrowth #jpmorgan #kinexys
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