Switzerland’s SEBA Bank has announced that it is launching a digital token that allows investors to own physical gold. The release noted that the Gold Token will be “a regulated digital token for investment in and delivery of physical gold on-demand.”
The licensed digital assets banking platform’s token will be available as an ERC-20 token on the Ethereum blockchain.
SEBA Bank Gold Token also claims to act as a regulated stablecoin, linked to the value of gold in Swiss vault. That also makes it similar to dollar-linked stablecoins like USDT and USDC.
https://ambcrypto.com/switzerlands-seba-bank-announces-gold-token-akin-to-stablecoin/