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Gold Digitalization Under Gold247 Program

2 min read

The World Gold Council (WGC) has several digital initiatives under its Gold247 program, aimed at improving transparency, ownership, and trading across the gold market. Three core initiatives are listed below.

Gold Digitalization Under Gold247 Program
  1. Gold Bar Integrity Program

Gold Bar Integrity (GBI) Program

Focus Area

Gold provenance, authenticity and supply chain transparency

Application

Distributed ledger-based database to record gold-bar identity and support tracking across the supply chain

Recent Deployment

The London Bullion Market Association (LBMA) reported that all Good Delivery List refiners were onboarded to the GBI database by the start of 2026. From April 2026, refiners could begin voluntary periodic reporting of gold country-of-origin data, improving supply-chain transparency.

Future Outlook

The World Gold Council and LBMA aim to expand participation across the gold supply chain, strengthening provenance verification and responsible-sourcing transparency as the database develops.

Source: World Gold Council and LMBA

  1. Wholesale Digital Gold

Wholesale Digital Gold

Focus Area

Gold provenance, authenticity and supply chain transparency

Application

Pooled Gold Interests (PGIs) could enable fractional ownership, easier transfers between parties and the use of gold as collateral

Recent Deployment

In March 2026, the WGC announced Gold as a Service, a shared infrastructure concept for digital gold products. It is designed to standardise custody coordination, reconciliation, compliance and redemption, supporting more interoperable digital-gold products.

Future Outlook

The framework could support broader wholesale adoption of digital gold, enabling gold interests to move more easily between market participants and be used in financing. Further market implementation would depend on industry participation and adoption of the proposed legal framework.

Source: World Gold Council

  1. Standard Gold Unit

Standard Gold Unit (SGU)

Focus Area

Standardized digital representation of gold value and physical bar attributes

Application

A digital unit representing a defined monetary quantity of gold, supported by a separate record of physical bar details such as purity, weight and location

Recent Deployment

In June 2026, DBS announced plans to offer DBS Physical Gold Tokens, each backed by one gram of physical gold held in a dedicated Singapore vault. The offering was planned for retail customers through DBS digibank in the second half of 2026.

Future Outlook

The concept could support more interoperable digital gold assets, simplify transfers across platforms and expand gold's potential use in settlement and collateral arrangements. Wider implementation would require industry coordination and compatible legal and technical standards.

Source: World Gold Council and DBS Newsroom

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