Blockchain Platform For Gold Trading Announced By Turkey’s Takasbank

Blockchain, News | September 9, 2019 By:

Turkey-based bank Takasbank has unveiled a blockchain-based electronic platform for gold transactions.

Takasbank provides investment banking services. It offers clearing, settlement, and custody services, as well as treasury, valuation procedures, and monitoring solutions.

Dubbed BiGA, the new platform is designed to enable people to transfer physical gold stored at the Borsa Istanbul Stock Exchange via digitized gold units on a blockchain.