The World Gold Council has unveiled its ambitious Gold247 program, aiming to revolutionize gold trading and settlement using blockchain technology. This new initiative will see the introduction of digital gold ownership models, potentially impacting how gold is traded globally. Key Features: 1) **Digital Ecosystem:** The program proposes a digital ecosystem for gold trading and settlement, enhancing efficiency and transparency. 2) **Pooled Gold Interests:** This allows for fractional ownership and easy transfer of gold, significantly changing traditional gold trading practices. 3) **Legal and Technological Partnership:** Gold247 leverages the expertise of leading legal partners like Linklaters LLP and Hilltop Walk Consulting. 4) **Regulatory Focus:** The program prioritizes regulatory compliance and technological neutrality to ensure stability and security. This initiative aligns with the UK Government’s support for innovative financial markets, potentially shaping a new era in asset management. 5) **Cross-Asset Integration:** While not directly affecting cryptocurrencies like Ethereum or Bitcoin, this program could pave the way for cross-asset integration between digital assets and physical assets, creating opportunities for broader industry adoption.