About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Blockchain Venture Attracts Firms With Customization

Subscribe to our newsletter

The CME Group and blockchain technology provider AlphaPoint, in collaboration with the UK’s Royal Mint, have launched a digital gold trading product that aims to bring more financial institutions into gold trading and allow its users some open source parts on which they can build customized functions.

Royal Mint Gold (RMG), the digital gold trading product developed by CME, AlphaPoint and the Royal Mint, uses blockchain to facilitate execution, clearing and settlement of transactions, according to Igor Telyatnikov, president and chief operating officer of AlphaPoint. RMG provides a high-performance matching engine, order management system and advanced order types, says Telyatnikov.

RMG’s builders first announced plans for the product in November. Testing of the platform has begun with major financial institutions, says Telyatnikov, and live operation will begin later in 2017. BitGo, a bitcoin technology company, has built security for the RMG product. Also, RMG’s builders have launched Prova, an open source community for the product, notes Telyatnikov.

“The community is opening the doors for develops and participants to provide even more transparency, safety and trust, and build an open source project so developers, cryptographers and researchers can go into the actual source code and investigate some of the unique features and capabilities built into it,” he says. RMG is not currently completely open source, however, Telyatnikov notes.

Security, safety and trust will also be enhanced by targeting major institutions to participate in RMG, according to Telyatnikov. “It’s the first project with such major brands working together to digitize gold for institutions,” he says. RMG also has a feature that may enhance users trust — including physical delivery of gold being traded through its blockchain ledger. “The Royal Mint 100% backs the gold product with physical gold in its vaults in the UK,” says Telyatnikov.

Subscribe to our newsletter

Related content


Recorded Webinar: Leveraging cloud as part of your colocation or proximity hosting strategy

As firms assess which elements of the trading workflow can be profitably migrated to cloud environments, ensuring compatibility with colocation and proximity hosting facilities becomes paramount. Practitioners need to take into account data access and security, messaging latency and regulatory considerations around operational resilience and physical location of client data. This webinar will discuss best...


ION Launches Fixed Income Execution Management System

ION, the trading, analytics, treasury, and risk management solutions vendor, has launched FI EMS, a new fixed income execution management system for both buy and sell-side fixed income traders. The new product, which expands ION’s market-making solution, is designed to ease challenges around selecting counterparties and sourcing liquidity in fixed income, by digitalising the entire...


Data Management Summit New York

Now in its 12th year, the Data Management Summit (DMS) in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.


Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...