HSBC, based in London, has launched the HSBC Gold Token, the first tokenised gold product backed by a bank, targeting the Hong Kong market.

The product offers retail investors a streamlined way to access the gold market through tokenised gold contracts.

Customers can buy and manage their gold investments using HSBC's mobile app, making it convenient and accessible.

Leveraging distributed ledger technology, the product democratises access to gold investments and simplifies the investment process.

This move signifies HSBC's commitment to financial innovation and blockchain integration, providing customers with secure and efficient investment opportunities.