British media: The World Gold Council is planning to launch "digital gold."

According to a report by Jinshi Data and the Financial Times, the World Gold Council is seeking to launch a digital form of gold, which could create a new way of trading, settling, and collateralizing gold, fundamentally changing the $900 billion physical gold market in London.

David Tait, CEO of the World Gold Council, stated in an interview that this new form will make it possible for "gold to be digitally transferred as collateral for the first time in the gold ecosystem." Although many investors value gold precisely for its physical nature and lack of counterparty risk, viewing it as a safe-haven asset, Tait believes that gold must be digitized to expand its market reach.

Tait said, "We are trying to establish a standardized digital layer for gold so that in the future it can be used in the gold market like various financial products in other markets. My goal is for many asset management companies around the world to suddenly view it differently."