Let's talk about gold tokens.
Gold tokens are a type of RWA (real-world asset) tokenization. PAXG was launched in 2019.
Put simply, on-chain records can only show who owns the tokens. Whether the vault actually holds enough gold bars depends on audit reports and the issuer's compliance and creditworthiness.
$PAXG Each token represents 1 troy ounce of physical gold held in a London vault.
#PAXG
Gold tokens are a type of RWA (real-world asset) tokenization. PAXG was launched in 2019.
Put simply, on-chain records can only show who owns the tokens. Whether the vault actually holds enough gold bars depends on audit reports and the issuer's compliance and creditworthiness.
$PAXG Each token represents 1 troy ounce of physical gold held in a London vault.
#PAXG
