Tokenized gold is a blockchain-based digital asset that represents ownership of physical gold stored in a secure vault. Each token is backed 1:1 by physical gold, ensuring its value directly tracks the market price of gold.
Instead of buying and storing physical gold manually, investors can now own and trade tokenized gold digitally. This product offers the benefits of gold ownership combined with seamless transfers, the flexibility to purchase in small amounts, and 24/7 trading access.
Examples of tokenized gold include PAX Gold (PAXG) and Tether Gold (XAUT), where each token represents a specific amount of physical gold.