Goldmoney joins blockchain gold rush with Royal Canadian Mint

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By Ian Allison
International Business Times, New York
Wednesday, December 21, 2016

Blockchain builders are filling their boots in the race to tokenize gold on distributed ledgers. Goldmoney Network is the latest platform to do a deal with a vaulted bullion holder -- the Royal Canadian Mint -- following the recent Royal Mint/CME blockchain announcement.

Despite the activities of other players in this market, such as Paxos' Bankchain or Singapore's Digix Global, Goldmoney says it will be the the first to put mint-vaulted gold bullion on a private blockchain globally.

The collaboration allows Goldmoney users to instantly purchase any amount of 100-percent reserved physical gold in the Mint's Ottawa vault using Goldmoney's proprietary, closed-loop blockchain technology, for a 0.50-percent fee and receive free storage for up to 1,000 grams, a release said. ...

... For the remainder of the report:

http://www.ibtimes.co.uk/goldmoney-joins-bloc...h-royal-cana...