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Jason Chen
Crypto Newbie
03-20 21:53
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Good heavens, the official forces are finally getting involved! The World Gold Council officially released its white paper on digital gold today, aiming to create a standard for "Gold as a Service" that standardizes all processes related to tokenized gold, including asset custody, compliance auditing, on-chain issuance, and physical redemption. The goal is to force all other digital gold issuers to adhere to this standard. The crypto world initially tried to revolutionize traditional finance with RWA, working hard to fatten the market, only to end up benefiting the traditional financial giants instead. Stock tokenization was ultimately thwarted by the NYSE and Nasdaq, and gold tokenization was thwarted by the World Gold Council.
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