Recent FinTech Innovation Lab graduate AlphaPoint has provided a trading platform to the CME Group and The Royal Mint (TRM) for the first fully gold backed blockchain cryptocurrency. The coin is called “RMG” and is very similar to Bitcoin in technology. Users will be able to store the token themselves without the need for a bank or other custodian, they will also be able redeem the token for physically delivered gold. The new blockchain-based product is an entire trading eco-system for gold, providing speed, security as well as transparency of direct ownership.