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TechFlow, December 3 — According to Sing Pao, the Hong Kong Gold Exchange (HKGX) has issued a digital gold token called Gold Zip (XGZ) through its subsidiary in Singapore. Each token is backed by physical gold stored in approved vaults, primarily located in Hong Kong. Ye Hsiang-jung, Head of Digital and Innovation at the Hong Kong Gold Exchange, said the key to the product's success lies in market capitalization and trading volume.
According to the Hong Kong Economic Times, the Singapore subsidiary of Hong Kong Gold Exchange (HKGX) has issued a digital gold token called Gold Zip (XGZ). Each token is backed by physical gold stored in approved vaults, primarily held in Hong Kong. Ye Xiangrong, Head of Digital and Innovation at HKGX, said the key to the product's success lies in market capitalization and trading volume.
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