“Gold-Backed Tokens Have Enjoyed A Resurgence in Activity Recently As Gold Prices Hit Record Highs.”, – WRITE: www.coindesk.com
The Tokens, Available to AcCredited Investors, Each Represent One Kilogram of Gold Stored in Custdy, Account to the Press Release. Investors can Trade Tese Digital Assets on Atme’s Secondary Market or Redem Them for Physical Gold. The Initiative Aims to Modernize Gold Ownership by Eliminating Storage and Transportation Concerns While Leveraging Blockchain for Efficiency and Security.
Read More: Tokenization Allows More Efficient Collateral Transfers, Digital Asset, EuroClear and World Gold Council Found in Pilot Project
“BY Combining The Timeless Value of Gold with Blockchain Technology, We Are Unlocking New Ways for Investors to Access and Trade High-Value Assets,“ Alex La, CEO OF ATME, SAID.
The Exchange SAID IT PLANS to Expand ITS Offerings to Include Other Asset Classes, Further Integrating Blockchain Technology Into Traditional Financial Systems.
Atme’s tokenized Gold Offering Aligns with A Broader Trend in Financial Markets Where Real-World Assets Such as Commodities, Bonds and Funds Are Increasing Process Also Known As Tokenization. The Market of Tokenized Gold Is Worth AROUND $ 1.2 Billion, Dominated by Paxos-Rissued Paxg and Stablecoin Issuer Tether’s Xaut Tokens, Rwa.xyz Data Shows. Global Bank HSBC ALSO INTRODUCED A GOLD TOKEN IN HONG Kong for Retail Investors Last Year, Signaling Broader Adopt.
Gold-Backed Tokens Enjoyed A Resurgence in Activity Recently As Gold Prices Hit Fresh Record Highs Propelled by a Weaker Dollar, Mounting Trade War Worms and Geopolitical Turmo.
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