The World Gold Council (WGC) has proposed a significant overhaul of the Wholesale Digital Gold ecosystem, aiming to modernize gold trading and ownership mechanisms. This initiative introduces a Pooled Gold Interests (PGI) instrument for the global market. The WGC aims to enhance legal structures, leverage technology neutrality, boost market liquidity, and ensure compliance in key markets like the UK, EU, and US. The project involves collaboration with legal firms like Linklaters and Hilltop Walk Consulting. Mike Oswin, Global Head of Market Structure and Innovation at the WGC, believes this transformation could reshape how gold is bought and sold, reinforcing London’s dominance in global gold markets.