Ripple CEO Brad Garlinghouse has cited an 86-tonne reallocation of Dutch gold reserves to argue that crypto networks can move value across borders faster than physical reserve systems.
Summary
- DNB sold about 59 tonnes of gold in New York and replaced it in London.
- More than 27 tonnes were moved physically between North America, Zeist, and London.
- Garlinghouse said crypto reduces the dependence of value transfers on asset location.
- DNB kept its total gold reserves unchanged while increasing the share stored in London.
Dutch gold transfer changed where reserves were held
De Nederlandsche Bank said it reallocated about 86 tonnes of gold between March and August…
