Invest
New gold crypto to blur traditional finance divide
Investors will soon be able to transact in physical gold and digital gold tokens quickly, transparently and easily, thanks to a new digital platform.

New gold crypto to blur traditional finance divide
Investors will soon be able to transact in physical gold and digital gold tokens quickly, transparently and easily, thanks to a new digital platform.

Meld Gold is an Australian tech company that aims to integrate into the existing gold supply chain, reporting to offer “far greater market efficiency through seamless trading and quicker settlements”.
A statement announcing the platform has outlined how consumers will be able to transact in both physical gold and digital tokens within a network of participating partners.
The decentralised “industry gold token” is designed specifically to lower barriers to transforming gold into a digitally connected and cryptographically secure stablecoin.
The creation of the new platform means those on gold supply chains such as mints, refineries, dealers and vaults have access to technology that connects them seamlessly and efficiently, according to Meld Gold director Michael Cotton.
He said it brings transparency to the gold market for the first time, through directly connecting buyers and sellers digitally.
“Currently, the gold market provides limited access and little visibility into its supply chain, which makes trading time consuming, expensive and inefficient,” he considered.
Consumers will be able to easily buy and sell Meld Gold through a digital wallet or in person.
In essence, “Meld is creating a cryptocurrency on-ramp for the gold industry and vice versa: the entire gold market will now be connected to the retail investing industry”, said Henrik Andersson, the chief investment officer at crypto fund Apollo Capital.
“The potential impact of this is huge; this is just the beginning of the blurring of the lines between traditional and digital finance,” Mr Andersson said.
About the author

About the author


Cryptocurrency
Ethereum’s all-time high ‘just the beginning’
The latest run for the second-largest cryptocurrency, ethereum, has seen it surge to a new record high, with an analyst stating its record run is “just the beginning”. ...Read more

Cryptocurrency
Bitcoin could surge 100% in 2021, investors believe
While some investors are feeling uneasy after bitcoin more than doubled in value in less than a month, others predict it could hit US$100,000 per coin over the next several months. ...Read more

Cryptocurrency
Aussie brands start transacting with bitcoin
Aussie watchmaker Jacopo Dondi has announced that it’s now accepting bitcoin as payment, having welcomed the world’s most popular cryptocurrency as a sign of its willingness to embrace the unconve...Read more

Cryptocurrency
Top 10 cryptoassets by trades
Bitcoin is still as popular as ever, based on analysis of the trades undertaken by crypto investors across the month of August. ...Read more

Cryptocurrency
5 ways to keep cryptocurrencies safe
Like normal money, cryptocurrencies can be vulnerable to theft, but there are ways to minimise the risks, according to an encryption specialist. ...Read more

Cryptocurrency
Cryptos fail safe haven test
Despite being touted as digital gold, cryptocurrency markets have shed billions of dollars during the pandemic, proving that they are not immune from wider fluctuations in sharemarkets. ...Read more

Cryptocurrency
Crypto falls as world markets go into lockdown
The consequences of the world going into lockdown and central banks taking unprecedented action is having a negative impact on crypto assets, according to a trader. ...Read more

Cryptocurrency
Why crypto investors should use traditional market strategies
Despite being an alternative asset, many of the traditional equities strategies such as arbitrage and fundamental analysis still apply in crypto, an industry expert has explained. ...Read more

Cryptocurrency
Ethereum’s all-time high ‘just the beginning’
The latest run for the second-largest cryptocurrency, ethereum, has seen it surge to a new record high, with an analyst stating its record run is “just the beginning”. ...Read more

Cryptocurrency
Bitcoin could surge 100% in 2021, investors believe
While some investors are feeling uneasy after bitcoin more than doubled in value in less than a month, others predict it could hit US$100,000 per coin over the next several months. ...Read more

Cryptocurrency
Aussie brands start transacting with bitcoin
Aussie watchmaker Jacopo Dondi has announced that it’s now accepting bitcoin as payment, having welcomed the world’s most popular cryptocurrency as a sign of its willingness to embrace the unconve...Read more

Cryptocurrency
Top 10 cryptoassets by trades
Bitcoin is still as popular as ever, based on analysis of the trades undertaken by crypto investors across the month of August. ...Read more

Cryptocurrency
5 ways to keep cryptocurrencies safe
Like normal money, cryptocurrencies can be vulnerable to theft, but there are ways to minimise the risks, according to an encryption specialist. ...Read more

Cryptocurrency
Cryptos fail safe haven test
Despite being touted as digital gold, cryptocurrency markets have shed billions of dollars during the pandemic, proving that they are not immune from wider fluctuations in sharemarkets. ...Read more

Cryptocurrency
Crypto falls as world markets go into lockdown
The consequences of the world going into lockdown and central banks taking unprecedented action is having a negative impact on crypto assets, according to a trader. ...Read more

Cryptocurrency
Why crypto investors should use traditional market strategies
Despite being an alternative asset, many of the traditional equities strategies such as arbitrage and fundamental analysis still apply in crypto, an industry expert has explained. ...Read more