Tokenized Commodities Expand Beyond Gold Into Oil Markets
Industry executives say tokenized commodities are moving beyond gold into lending and oil markets, per a CoinDesk report citing Paxos Labs, Theo and Energy Substantiation.
Can infrastructure built for tokenizing gold scale to commodities with far more complex supply chains, like oil? Gold succeeded partly because it is simple to store, verify and trade. Oil requires tracking production, transport, refining and storage across many jurisdictions. Whether tokenization can handle that complexity will determine if real world asset tokenization becomes a broad financial layer or stays concentrated in a handful of simple, easily verified asset types.
https://www.bonuz.xyz/en/blog/tokenized-commodities-beyond-gold-oil-markets
Industry executives say tokenized commodities are moving beyond gold into lending and oil markets, per a CoinDesk report citing Paxos Labs, Theo and Energy Substantiation.
Can infrastructure built for tokenizing gold scale to commodities with far more complex supply chains, like oil? Gold succeeded partly because it is simple to store, verify and trade. Oil requires tracking production, transport, refining and storage across many jurisdictions. Whether tokenization can handle that complexity will determine if real world asset tokenization becomes a broad financial layer or stays concentrated in a handful of simple, easily verified asset types.
https://www.bonuz.xyz/en/blog/tokenized-commodities-beyond-gold-oil-markets