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The Hong Kong Gold Exchange's Singapore subsidiary has issued a physical gold-backed Token XGZ.

PANews, December 3rd, reported by Hong Kong's Sing Tao Daily, that the Hong Kong Gold Exchange (HKGX) has issued a digital gold Token Gold Zip (XGZ) through its subsidiary in Singapore, with each token backed by physical gold stored in accredited vaults, primarily warehoused in Hong Kong.

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