HSBC introduces tokenized gold platform

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News Date: November 3, 2023

HSBC is the First Bank in the World to Offer Tokenized Gold.
HSBC Holdings Plc, a major bullion bank, has introduced a platform that utilizes blockchain technology to tokenize ownership of gold stored in its London vault.
This platform generates digital tokens representing gold bars, making gold trading more accessible.
While initially targeting institutional investors, it plans to open up to retail investors where regulations allow.
HSBC's entry into the tokenized gold market is notable due to its significant role as a custodian of precious metals and a clearer on the London gold market.
The technology promises to streamline the process, allowing clients to easily track their gold ownership down to the serial number of each bar.
HSBC has been actively exploring blockchain technology and recently launched HSBC Orion, a tokenization platform for digital bonds, with successful applications in the market.

BRICS expansion to a global community of security

Xi calls on BRICS countries to build global community of security for all.
Xi made the remarks while delivering a video address at the opening session of the BRICS Foreign Ministers' Meeting.
China proposes to start the BRICS expansion process, explore the criteria and procedures for the expansion, and gradually form a consensus.
Sources: english.news.cn

The Gold Standard Monetary Reset

Did Russia Intentionally Trigger A Monetary System Reset?
Russian central bank to restart buying gold from banks will pay fixed price from March 28.
Russia Central Bank Announces Ruble Bound to Gold! 5000 Rubles per Gram.
By pegging gold to the ruble, Russia has just wiped out the dollar's clout from the world markets.
Moscow Will Consider Bitcoin, Gold, and Ruble Payments for Natural Gas.
Lavrov pushes for more active Russia-India-China cooperation, calls it 'Troika'.
Iran wants to trade with Russia in national currencies.
Lavrov: Russia, China Moving Towards Multipolar 'Fair World Order'.
Source: tfiglobalnews.com, youtube.com

Trump Touts Tariff Plan to Slash Income Taxes

President Donald Trump announced on April 27, 2025, that his tariff strategy will lead to significant income tax reductions, potentially eliminating taxes entirely for those earning under $200,000 annually. In a post on social media, Trump claimed the plan would create a “BONANZA FOR AMERICA,” with new factories and jobs already in motion, dubbing it the “EXTERNAL REVENUE SERVICE.” He also warned that reciprocal tariffs, paused for negotiations, could resume within weeks if trade deals falter. Meanwhile, World Bank Chief Ajay Banga urged developing nations to negotiate trade agreements with the U.S. to mitigate tariff impacts. Experts suggest China is softening its stance in the trade war, with Beijing exempting some U.S. goods from tariffs, signaling a potential shift in response to Trump’s aggressive strategy.

XRP the Ripple force in the Federal Reserve projects

Fed Faster Payments Task Force gives Ripple vote of confidence for next gen of global payments.
Ripple's Executive Elected to Fed's Faster payments Task Force.
The desired outcomes focused on speed, security, efficiency, cross border payments, and industry collaboration.
Source:ripple.com

Mutual payment systems recognition for Russia and India

Indian banks may start accepting Mir payment cards.
Russia and India are planning to recognize each other's payment systems.
The issue of mutual recognition of RuPay and Mir was discussed during the recent visit of India's National Security Adviser Ajit Doval to Moscow.
Among other things, the possibility of active use of national currencies in bilateral trade was also considered.
Source: tvbrics.com