HANetf, a European UCITS ETF issuer, announced a collaboration with The Royal Mint to develop and launch a physically-backed gold ETC. This will make the Royal Mint the first sovereign mint in Europe to launch a gold-backed exchange-traded commodity (ETC).
The gold backed ETC will become The Royal Mint’s first listed financial product and is expected to list in the UK, Italy and Germany in early 2020. All of the physical gold associated with the ETC will be stored in The Royal Mint’s vault – one of the UK’s most secure sites, and guarded 24/7. Anne Jessopp, CEO of The Royal Mint said in a statement: “This is a milestone moment for The Royal Mint as we prepare to launch our first financially listed product, and reinvent what it means to be a Mint in the modern age.