Institutional investors will be able to track and value deals more transparently in the spot market.
The market will be underpinned by up to $1bn in gold bars, or around two tonnes at current prices.
BNP Paribas and Bank of Ireland demonstrate the disruptive potential of the Blockchain technology.
Masters’s Digital Asset Holding is working together with Australian exchange ASX to develop a new securities settlement platform on the basis of the blockchain.
If Overstock.com fulfils the public offering it plans, its shareholders will get an opportunity to buy blockchain or traditional stock.
The test is a huge step forward in adopting the blockchain for financial sector.
Getting an approval from the SEC is a part of a large cryptofinance initiative of Overstock called Medici.