The World Gold Council says it will develop a platform to connect physical gold to the systems used to issue and manage tokenized gold products. The major gold trade association, World Gold Council, and the Boston Consulting Group have proposed a new platform to modernize how the precious metal operates in digital financial systems. The World Gold Council said on Thursday that it published a white paper on “Gold as a Service,” a new platform to “support the issuance and operation of scalable, interoperable digital gold products.” The open platform would connect the physical custody of gold with the digital systems used to issue and manage tokenized gold products. Read more
Gemini reported its fourth quarter revenues were $60.3 million, which co-founders Cameron and Tyler Winklevoss say is its highest quarterly revenue in three years. Shares in crypto exchange Gemini surged after hours as stronger-than-expected fourth-quarter results showed revenue growth driven by credit card adoption and a reworked fee structure. Gemini reported on Thursday that its Q4 revenues rose 39% from the year-ago quarter to $60.3 million, reportedly beating analyst expectations of $51.7 million. It reported a net loss of $140.8 million for Q4, deepening from its $27 million loss from a year ago. Gemini posted a total 2025 loss of $585 million, ahead of its total 2024 losses of $156.6 million. Read more