Ripple Joins China's Gold Revolution as Precious Metals Head Towards Blockchain Settlement

Stern Drew, a crypto analyst, believes that gold and silver are on the cusp of a major transformation in how they're traded and settled globally. This change could be the biggest in 50 years.

Several developments are occurring simultaneously, which Drew considers significant. China is expanding its gold infrastructure, with vaults extending from Hong Kong to financial centers like Singapore, Dubai, Riyadh, and Moscow.

The London Metal Exchange's former treasury executive, Joseph Thompson, has moved to Ripple Trading and Markets. This move aligns with Ripple's growing interest in tokenized real-world assets.