cme group

The Royal Mint Gold project will make gold more available for trade, thus changing the way asset is executed and settled.

The market will be underpinned by up to $1bn in gold bars, or around two tonnes at current prices.

The initiative is expected to professionalize and legitimize bitcoin as a financial asset.

Some of the leading companies in the financial industry, including Societe Generale and the London Stock Exchange, have partnered to study the potential use cases of the blockchain technology.