世界黄金协会拟推出“数字黄金”，明年将在伦敦试点

Core Viewpoint - The World Gold Council is set to launch "digital gold" to revolutionize the $900 billion physical gold market in London, enabling gold to circulate digitally and be used as collateral [1][3]. Group 1: Digital Gold Initiative - The initiative aims to standardize gold in a digital format to expand market coverage and allow various financial products to be applied in the gold market [3]. - The CEO of the World Gold Council, David Tait, emphasizes the need for digitalization to enhance the utility of gold, which is currently seen as a low-liquidity, non-yielding asset on balance sheets [2][3]. Group 2: New Financial Products - A new digital product called "Pool Gold Interests" (PGIs) will allow banks and investors to buy and sell partial ownership of physical gold stored in independent accounts [4]. - The pilot for this product is set to launch in the first quarter of next year in London, in collaboration with commercial institutions [4]. Group 3: Market Context - Gold prices have reached an all-time high, doubling in value over the past three years, yet it remains a non-productive asset for most banks and investors [2][3]. - The World Gold Council's digital gold framework relies on a trust structure among core participants to hold the underlying gold assets, marking a significant step in the digitalization of the gold market [4].