The Royal Canadian Mint is to allow transfers of gold bullion value stored in its vaults over a blockchain network run by Goldmoney Inc.
Network users can also send gold title to anyone for free via text message or email, redeem their gold balance to a Goldmoney Mastercard Prepaid card or bank account in local currency, or make vault-to-vault gold transfers between the Mint and seven Brink’s vault locations located around the world via a web-based Dashboard and mobile app for iOS and Android.
Goldmoney and the Mint have also entered into an agreement to explore future educational co-marketing activities focused on boosting awareness and accessibility of precious metals.
John Moore, vice-president, sales at the Royal Canadian Mint, says: “We look forward to working with Goldmoney on future marketing initiatives that demonstrate Canada’s leadership role in the global precious metal industry.”
Last month, the Royal Mint in the UK announced a partnership with CME Group to create a digital gold product that will be stored and recorded on a blockchain.