“Tokenised gold may be one of the most important developments in the gold industry. Short of physical use cases, it improves on the functionality of gold in every way — in that it’s trivial to store, it’s readily-accessible to anyone with an internet connection, and it can be traded cheaply and instantly across the world.” FinTech Magazine
Since the birth of Bitcoin commentators have identified a core similarity between the cryptocurrency and gold. Bitcoin has a limited quantity that can be mined and this scarcity reflects the fact that gold supplies are also finite. Both asset classes are inherently tangible and in either cryptographic tokens or physical metal, they represent a store of value which cannot be counterfeited. These assets are now combining to bring to market the best of both worlds.