Overview

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David Janczewski, Head of Strategic Marketing, The Royal Mint The Royal Mint, the world's leading export mint, and CME Group, the world's leading and most diverse derivatives marketplace, today announced a collaboration to transform the way that market participants can trade gold.

The Royal Mint, a 1,000-year-old institution owned by HM Treasury, has partnered with CME Group to build and launch a digitised gold offering called Royal Mint Gold (RMG). RMG will change the way traders and investors trade, execute and settle gold.

The innovative new product, launching in 2017, will see The Royal Mint issue RMG as a digital record of ownership for gold stored at its highly-secure on-site bullion vault storage facility. CME Group will develop, implement and operate the product’s digital trading platform. Taken together, this new service will provide an easier, cost-effective and cryptographically secure alternative to buying, holding and trading spot gold.