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    World Gold Council digital gold platform: custody and tokenisation notes for engineers

    March 20, 2026|

    Reviewed by Tom Sullivan

    World Gold Council digital gold platform: custody and tokenisation notes for engineers

    First reported on MINING.com

    30 Second Briefing

    The World Gold Council has launched “Gold as a Service”, an open, shared infrastructure concept co-developed with Boston Consulting Group to link vaulted physical custody directly with digital issuance and management of gold-backed products. The proposed platform standardises custody coordination, reconciliation, compliance and redemption to support scalable, interoperable tokens and other digital gold instruments that can plug into modern trading, clearing and recordkeeping systems. WGC is inviting banks, fintechs, custodians and other market participants to help design the “trusted rails” needed to operate digital gold at market scale without compromising bar-level integrity.

    Technical Brief

    • WGC and Boston Consulting Group have co-authored the “Digital Gold: The Case for a Shared Infrastructure” white paper defining the Gold as a Service architecture.
    • Platform design explicitly targets structural constraints currently limiting digital gold scale, including low fungibility and fragmented operating models.
    • Custody coordination and reconciliation are identified as core workflows to be standardised across participating vaults and issuers.
    • Compliance and redemption processes are earmarked for common protocols to ensure bar-level traceability through digital lifecycles.
    • Interoperability “by design” is a stated feature, enabling tokens or instruments to plug into multiple financial venues.
    • Embedded trust and assurance are positioned as technical requirements, implying auditable links between vaulted bars and digital records.
    • Broader utility is flagged as a design goal, suggesting support for multiple product types beyond simple spot-backed tokens.

    Our Take

    The World Gold Council features heavily across recent gold-price coverage in our database, and an open ‘Gold as a Service’ platform would give it even more influence over how central bank and investor demand data are standardised and distributed in a market now trading above $5,000/oz.

    Linking a digital gold standard-setting effort to Boston Consulting Group while SQM and Codelco advance the $2–3.5 billion Salar Futuro lithium project underlines how large-cap metals players are starting to treat data and traceability infrastructure as capex-worthy assets alongside physical extraction.

    With gold now rivaling or surpassing US Treasuries as a reserve asset in other recent items, a WGC-backed open platform could become the de facto plumbing for cross-border settlement and collateralisation, which would matter for miners and refiners seeking to plug physical gold directly into digital finance rails.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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