The World Gold Council has unveiled "Gold as a Service," a new shared infrastructure designed to connect physical gold custody with digital issuance and management. The platform aims to streamline the creation of gold-backed products by offering a pre-built, trusted system that handles backend operations like sourcing, storage, redemption, and digital tracking.
The initiative addresses fragmentation in today’s digital gold market, where high costs, inconsistent standards, and operational complexity limit scalability and trust. By integrating physical, digital, and synchronization layers, the platform enables seamless, fungible digital gold across systems.
WGC CEO David Tait emphasized that gold must evolve alongside financial digitization to remain relevant. The council is inviting participation from both traditional and non-traditional players to build a unified, liquid asset class.
Tokenized gold now exceeds $5.5 billion in market value, led by Tether Gold (XAUT) and Paxos Gold (PAXG), which together hold 92% of the space.