NSE Partners with Sequel Logistics to Expand Electronic Gold Receipts Ecosystem
The National Stock Exchange of India (NSE) has partnered with Sequel Logistics to support the creation and vaulting of Electronic Gold Receipts (EGRs), which are exchange-traded instruments backed by physical gold stored in secure vaults. Sequel Logistics will provide vaulting services through its 23 vaults nationwide, enabling investors to create and extinguish EGRs. NSE highlights this as a significant step toward the financialisation of gold in India, offering a transparent and standardized investment option backed by physical gold.