HSBC, one of the world’s largest custodians of precious metals, has launched a blockchain platform to tokenize ownership of physical gold held in its London vault. The system, expected to make trading less cumbersome, creates digital tokens representing the gold bars. HSBC is one of the four clearers on the London gold market, where over $30 billion changes hands daily. The bank plans to extend the use of its system for other precious metals.
Singapore develops mobile mental health app
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