FMSB said precious metals market could learn from other FICC markets in adopting automation.
The electronic auction included 17 participants.
Each token represents a tenth of a troy ounce of the precious metal.
Renewed investor interest in PMs as safe havens puts spotlight on industry data.
Capital formation and peer-to-peer trading all take place on a closed loop network.
Unique instrument identifiers seek to improve the precious metals market's efficiency.
