Zimbabwe central financial institution near introducing gold-backed digital tokens into retail

The Reserve Financial institution of Zimbabwe (RBZ) expects to launch its gold-backed digital token (GBDT) for retail use quickly, the RBZ has said. This follows the token’s success with buyers, which the financial institution described as “commendable” in a current report.

The RBZ introduced the introduction of the GBDT in April and had performed 11 issuances representing 325 kilograms (716.5 kilos) of gold by July 21, in line with a midterm monetary report the financial institution launched on Aug. 9. The tokens are backed by bodily gold held by the RBZ.

Proceed Studying on Coin Telegraph