What is tokenised gold and how is its price affected ? Tokenised gold has also been well-received among risk-averse investors who have long been eyeing the crypto space but are reluctant to participate due to extreme volatility. Leveraging blockchain technology has made it possible to tokenise almost everything ranging from traditional markets such as real estate to tangible assets such as sports teams. Similarly, tokenised gold is a relatively new idea that has gained popularity over the past few years. Tokenised gold functions similarly to stablecoins, but instead of being pegged to a fiat currency, it is pegged to a similar worth of gold on a 1:1 basis. The tokens also represent digital ownership of physical gold and, in some instances, can be traded for it on the open market. Let’s take a look at how tokenised gold differs from traditional gold. Traditional Gold Vs Tokenised Gold While traditional gold has deep roots in traditional finance, its size and weight present a major...
