Crypto News

Turkish Bank has launched a blockchain-based platform for transfer of digital gold


Turkish Bank Takasbank launched a BiGA Digital Gold platform that allows you to make digital transfers of the assets secured by physical gold.

The blockchain technology guarantees the security of transactions internally and compliance with established standards and confirms the presence of bullion in the vaults of the Istanbul stock exchange. The platform allows banks to issue, send and make payments in digital gold.

Used digital assets by themselves have no value, since only confirm the transfer of the equivalent of one gram of gold.

In addition Takasbank, the Central clearing and settlement house in the country involved in the project and other financial institutions, both private and public.

The adoption by Turkey of creating national blockchain infrastructure have improved the development of such projects. In addition, the new development plan includes the development of digital liras.

text: Ivan Malichenko, photo: aa


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