An Australian government just launched a gold-backed Ethereum token

Australia‘s Perth Mint, one of the world’s largest refineries, is today launching a gold-backed Ethereum token guaranteed by the government of Western Australia. Marketing materials shared with Hard Fork claim the Perth Mint Gold Token (PMGT) is the first gold token on a public blockchain backed and guaranteed by government reserves. “It offers institutional investors a competitive alternative to traditional gold products such as gold ETFs, with the additional benefits of real