Overview

• The pilot will test pooled gold interests with commercial participants in London in the first quarter of 2026, according to CEO David Tait.
• Each PGI is designed to represent fractional ownership of physical gold held in separate accounts for digital trading and settlement.
• The framework envisions an over‑the‑counter trust structure with a small cohort of major banks and trading houses co‑owning the underlying bullion.
• WGC says standardizing a digital layer would let institutions deploy gold as balance‑sheet collateral and access familiar financial products.
• The initiative extends a multi‑year digitization push that included a January blockchain database for bars, though some market voices remain skeptical, with BullionVault’s Adrian Ash calling it a solution in search of a problem.