The London Metal Exchange is studying the tokenization of metals stored in Hong Kong warehouses to facilitate ownership transfers and financing. The institution plans to launch a pilot in 2027, but no tokens or tokenized products have yet been launched. The initiative aims to improve inventory verification, enable stocks to be used as collateral and reduce risks associated with warehouse receipts. Approved storage capacity in Hong Kong is expected to exceed 100,000 tonnes, but the legal framework for ownership rights and lenders’ participation remain to be defined.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
