[World Gold Council: The digital gold market will reach US$160 billion to US$170 billion in 2031, with an average annual growth rate of approximately 27%] On October 20, the World Gold Council released the "Digital Gold Market Opportunities Report". The report shows that the current digital gold market size is US$45 billion to US$55 billion. The report's five-year baseline scenario forecast shows that the digital gold market will grow at an average annual growth rate of approximately 27%, and the market size will reach US$160 billion to US$170 billion by 2031. The report pointed out that the physical gold investment market is worth approximately US$13 trillion, but digital gold, including vault digital gold and tokenized gold, currently accounts for less than 1% of the global physical gold market. The cumulative spot trading volume of tokenized gold in the first quarter of 2026 reached US$90 billion, exceeding the trading volume in all of 2025.