World Gold Council Unveils Gold-Backed Digital Token for London Market

The World Gold Council is revolutionizing commodity trading with its Pooled Gold Interest (PGI) token, a digital asset backed by physical 400-ounce London vault bars. This innovation democratizes gold ownership, allowing fractional investment in bullion that traditionally required six-figure minimums.

PGI tokens carry legal enforceability and collateral utility - a strategic MOVE to bridge traditional finance with blockchain infrastructure. "This creates digital gold exposure with institutional-grade legal protections," said Mike Oswin, WGC's global head of market structure, emphasizing the solution's robustness against counterparty risks prevalent in unallocated gold markets.

The initiative arrives during gold's record-breaking rally, positioning PGI as both a hedge vehicle and DeFi collateral option. Unlike conventional unallocated gold holdings vulnerable to custodian risk, each token represents verifiable vaulted metal - potentially attracting crypto-native investors seeking asset-backed stability.