NSE bullion derivatives settlement on blockchain may be a game changer

October 17, 2021 Editor Blockchain 0

Starting from November, the platform will be extended to spot gold exchange

Topics

NSE | bullion | Blockchain



Rajesh Bhayani  | 
Mumbai 

In a first for India, bullion derivatives contracts will be settled on a blockchain platform. This will help in global acceptance of gold refined by Indian bullion refineries, giving a fillip to local industry, exports as well as investments.

From November 1, NSE will accept gold delivery only on the blockchain platform. NSE, in collaboration with Bengaluru-based start-up Chainflux, launched the NSE-Shine project last Wednesday. The exchange was working on the project for almost a year along with India Gold Policy Centre at IIM-A and the Indian Bullion and Jewellers Association …




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First Published: Sun, October 17 2021. 18:40 IST