There economy tokenization, this is the future. Stocks, bonds, real estate, wines, works of art… everything can fit into this new classification ofprogrammable digital units from a smart contract. To better seize these opportunities, leading players like Chainlink are doing all they can to permanently protect investors’ assets. There gold tokenization is part of its spearhead.
Tokenized Gold, $1 Billion Market Cap
Tokenization is aimed at democratization of access to digital property. And, as a corollary, the increase in liquidity on the various markets through the participation of new investors.
Thanks to that new trading alternative for classic assetsthe average investor can acquire a fraction of real estate with the little money he has.
Ripple Labs is one of the companies very keen on real estate tokenization at the moment.
According to CoinDesk, tokenized gold assets were valued at over $1 billion as of last April. At that time, the crypto media highlighted two heavyweights of gold stablecoins : Tether, issuer of Tether Gold (XAUT) and Paxos Trust Company, originator of Pax Gold (PAXG).
We should also note that at the end of March, gold was trading at $2,021 an ounce, while bitcoin, “digital gold”, made a spectacular jump. It was valued at $29,000, whereas it previously sold for $20,000.
Tokenized gold, quesaco?
Large amounts of gold are currently languishing in well-guarded central bank vaults. It will take the intelligence of Arsene Lupin to be able to get your hands on it.
But in order not to turn into absurdity, let’s see what Chainlink has in store for us. In a blog post published on July 22the data provider has highlighted its tokenized gold, easily accessible by any investor
Chainlink defines tokenized gold by a “ next generation solution for ownership of gold “. This solution comes from a process of minting digital tokens on a blockchain. These assets, once minted, authorize ownership rights to physical goldor even gold bullion, held by a third party in any safe.
To sum up, the advantages of tokenized gold are multiple: ‘great accessibility’, ‘increased transparency’, ‘increased efficiency and reduced costs’, ‘deeper liquidity’ and ‘unlocking innovation’.
How does Chainlink contribute to the democratization of these assets?
” Did you know there is over $1 billion worth of tokenized gold?
Here’s how Chainlink is driving the adoption of a tokenized asset. »
THE role of Chainlink consists of setting up web3 services For ” build secure, efficient, reliable, liquid and transparent Web3 platforms “.
” As an industry-leading oracle network, Chainlink securely provides on-chain data and calculationsenables token transfers, and provides a secure gateway to the critical chain for individual DeFi developers and large enterprises alike “, specifies the Chainlink team.
Proof of Reserve
Price stream
Features
Cross-Chain Interoperability Protocol
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