Solving the Custody and Auditing Puzzle: The Backbone of Gold as a Service
Trust is the lifeblood of any backed asset. The World Gold Council understands that for the GaaS model to succeed, they must thoroughly resolve the doubt: "Is there actually gold in the vault?".
The new model proposes a more rigorous and transparent auditing standard. Instead of traditional monthly or quarterly paper-based audit reports, GaaS aims for on-chain data verification combined with cameras and sensor systems at certified vaults. The combination of secure physical infrastructure and blockchain technology allows investors to monitor reserve status in near real-time. By standardizing the process from custody to redemption, GaaS not only protects investors from fraud risks but also helps exchanges reduce risk management costs when listing digital gold products. $BTC $XRP #Colecolen $XAU
