Digital gold transfer blockchain platform launches in Turkey

A blockchain-based digital gold transfer system commences operation in Turkey as announced by Turkey’s Istanbul Clearing, Settlement and Custody Bank (Takas Bank). The transfer system called BiGA digital gold’s creation is aimed at providing banks with a blockchain-based system for the issuance, repayment and digital Gold transfer. Before now, BiGA was launched in September allowing banks to use blockchain technology to transfer digital assets representing a quantity of physical gold. The gold to be transferred however has to be deposited in the Borsa Istanbul (BiST) Turkish stock exchange. In an interview with Takasbank officials, they revealed that with the adoption