Overview

The World Gold Council is considering the development of a digital format for gold, aiming to transform London’s $900 billion conventional gold market. This initiative is set to explore potential fractional ownership options through what is termed pooled gold interests (PGIs).

Key Points:

• Each PGI will enable investors to own a fraction of a gold bullion.
• Testing of this new digital gold format will commence in the first quarter of 2026, engaging major commercial entities in London, including prominent banks and trading firms.

Digitization is essential for gold to expand its market presence, as noted by the CEO of the World Gold Council, David Tait in an interview.

“We are trying to standardize that digital layer of gold, so that the various financial products used in other markets can be utilized in the gold market going forward.”

Gold’s value recently surpassed $3,550 per ounce, reflecting its status as a safe asset amid ongoing geopolitical uncertainties. The World Gold Council has yet to respond to inquiries regarding further details.