{"id":101060,"date":"2026-08-11T03:58:20","date_gmt":"2026-08-11T03:58:20","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/101060\/"},"modified":"2026-08-11T03:58:20","modified_gmt":"2026-08-11T03:58:20","slug":"how-tokenized-gold-could-secure-londons-lead-as-the-global-bullion-hub","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/101060\/","title":{"rendered":"How tokenized gold could secure London\u2019s lead as the global bullion hub"},"content":{"rendered":"<p>London\u2019s over-the-counter market (OTC) market has historically ranked as the number one center for gold trade and currently accounts for 70% of the world\u2019s notional trading volume, <a href=\"https:\/\/www.gold.org\/gold-market-structure\/global-gold-market\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">according to the World Gold Council<\/a>. However, London\u2019s dominance is being increasingly challenged by China.<\/p>\n<p>The tokenization of gold is the process by which digital tokens are created to represent ownership rights in physical gold, with the token issuer holding the gold as backing.<\/p>\n<p>The FCA, which has also discussed digitizing the wholesale financial markets, is seeking feedback on the role tokenized gold could play as collateral in wholesale markets and is expected to announce progress on drafting new rules for tokenized digital assets within the next few months, the report said.<\/p>\n<p>Chris Woolard, the U.K. Treasury&#8217;s wholesale digital markets lead, <a href=\"https:\/\/www.coindesk.com\/policy\/2026\/07\/13\/ripple-lands-inside-uk-plan-for-tokenized-repo-bonds-and-funds\" rel=\"nofollow noopener\" target=\"_blank\">laid out a 12-month plan in July<\/a> to speed up the digitization of the country\u2019s financial markets, which it projects could boost annual economic output by 33 billion pounds ($44 billion).<\/p>\n<p>The FCA and the Bank of England <a href=\"https:\/\/www.coindesk.com\/policy\/2026\/05\/18\/uk-s-financial-payments-network-is-ready-for-tokenization-regulators-say\" rel=\"nofollow noopener\" target=\"_blank\">revealed plans for tokenization and modernization<\/a> of their financial markets in May. &#8220;Tokenization has the potential to transform wholesale markets \u2013 reshaping how assets are issued, traded and settled,&#8221; Simon Walls, executive director of markets at the FCA, said.<\/p>\n","protected":false},"excerpt":{"rendered":"London\u2019s over-the-counter market (OTC) market has historically ranked as the number one center for gold trade and currently&hellip;\n","protected":false},"author":2,"featured_media":101061,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[26],"tags":[27,604,23197,5],"class_list":["post-101060","post","type-post","status-publish","format-standard","has-post-thumbnail","category-london","tag-london","tag-regulation","tag-tokenization","tag-uk"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117074873911400757","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/101060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=101060"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/101060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/101061"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=101060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=101060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=101060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}