London Metal Exchange to Tokenize Metal Reserves for Financing
- —LME is exploring tokenizing off-warrant warehouse metal to support financing
- —Reserve-backed tokens would be held in escrow by a third party
- —LME approved Hong Kong as a warehouse location in January
- —LME traded $21 trillion, or 4 billion tonnes, of metals last year
Why it matters: The world's oldest metal exchange moving reserves onchain signals growing institutional demand for tokenized real-world assets.
Source: Bitcoin.com