Royal Mint Gold was a digital gold currency and a cryptocurrency backed by gold reserves in the UK Royal Mint. The Royal Mint began testing blockchain transactions in April 2017.[1][2] The first test transaction was in August 2017.[3] The rollout was originally scheduled to occur by the end of 2017.[4][5] US-based CME Group (Chicago Mercantile Exchange) was tentatively set to administer the trading.[1][5] At the time, The Daily Telegraph said it "appears somewhat similar to an exchange-traded fund such as ETF Securities Physical Gold".[5]
The project collapsed in 2018, when CME pulled out and the UK Royal Mint was hesitant to find a new partner.[6]
^ abAnna Irrera (April 11, 2017), CME Group, Royal Mint test blockchain-based gold trading platform, Reuters
^"Blockchain could add lustre to gold market", Straits Times, Singapore, August 18, 2017
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