Esperanza / Ideas & activity
The thinking behind the products.
Our founders discuss gold, investment structures and the practical questions shaping financial participation.
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A vault is a building. A port is a market.
Ronald Leung asks what must sit alongside gold storage to turn Hong Kong’s bullion infrastructure into an active market.
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16 more records · Newest first
Gold & valueThree regulators. Who sees tokenised gold first?
Ronald Leung considers how physical gold, investment structures and potential settlement uses intersect—and asks which institution sees the whole picture.
Gold & valueGold, certificate and redemption: three distinct layers
A plain-language distinction between the physical reference, the digital certificate and the redemption process described in current public materials.
Market infrastructureHow to read a tokenised investment record
A source-led guide to separating the underlying project, legal instrument, eligibility controls and dated transaction evidence.
Gold & valueLondon, Hong Kong and the direction of gold
A founder perspective on London’s position in bullion trading and the strategic choices facing Hong Kong.
Gold & valueWhen salary moves from currency into tokenised gold
A founder perspective on currency pressure, saving behaviour and why access to gold infrastructure matters.
Gold & valueHong Kong’s gold framework: the next chapter
In the second part of his response to SCMP, Ronald Leung examines the framework that wider uses of tokenised gold could require.
Gold & valueHong Kong: gold-pricing follower or creator?
Ronald Leung asks what role Hong Kong could play in the way gold is priced, accessed and moved.
Gold & valueGold held its value. Can it become more usable?
An eight-page visual explainer by Ronald Leung on the history of gold’s use and the importance of understanding the legal structure beneath a token.
Gold & valueGold is not an investment product
A short argument for reading gold as monetary and settlement infrastructure, not only as a conventional product.