“A token isn’t gold; the structure behind it is—and that’s where the real competition in tokenized metals is happening.” Yogi Nelson
Tokenization is no longer theoretical. By 2026, it has become a defining theme across finance—from equities and bonds to commodities. When it comes to precious metals, however, how tokenization is implemented matters far more than the token itself.
A token is not gold. The structure behind the token is the asset.
That means custody, audits, redemption rights, regulatory posture, and market integration matter far more than marketing claims.
In reviewing the leading tokenized gold issuers operating today, one thing becomes clear: there is no single “winner.” Instead, each issuer is running a different race—toward a different vision of what tokenized metals should be.
Here’s how the field lines up:
CACHE Gold → transparency and auditability
Comtech Gold → trade and settlement infrastructure
Kinesis → re-monetizing gold and silver as money
Paxos (PAXG) → institutional compliance and regulatory clarity
T-Gold (SchiffGold) → sound-money preservation
Tether Gold (XAUT) → liquidity and global reach
Tokenization is not a template. It’s a toolkit.
Some issuers optimize for institutions. Others for velocity, trade finance, or individual ownership. The common thread is this: tokenization is shifting precious metals from static holdings toward programmable financial infrastructure.
That is the real story—and why issuer design now matters more than the token symbol itself.
“A token isn’t gold; the structure behind it is—and that’s where the real competition in tokenized metals is happening”. Yogi Nelson
Coinbase CEO, Brian Armstrong, and Larry Fink, Blackrock CEO, both agree–tokenization of assets is the theme for 2026. Both understand tokenization has moved from theory to practice. Tokenization of gold is at the forefront of this tsunami. Yet regulatory posture, and market integration matter far more than marketing claims.
This article provides a clear, structured comparison of the leading tokenized precious metal issuers operating in 2026. The goal is not to rank them by hype or price performance, but to evaluate them by structure, credibility, and long-term viability.
Why Issuer Structure Matters More Than the Token Itself
Tokenized precious metals are often discussed as if the token is the asset. It is not. The real asset is the legal and custodial framework behind the token. Please remember this!
Considering a tokenized purchase? Here are a few questions to ask when conducting your due diligence:
Who holds the metal, and where?
Is the metal fully allocated and segregated?
Who audits the reserves, and how often?
What legal rights does a token holder actually have?
Can the token be redeemed for physical metal?
Is the issuer regulated — and in which jurisdictions?
In 2026, the strongest issuers are those that treat tokenization as financial infrastructure, not merely as a crypto product. I can’t emphasize this point enough. With that as background, let’s examine the best-known gold token issuers. They are listed in alphabetical order, not from “best” to “worse”.
CACHE Gold approaches tokenization from a simple but demanding premise: trust must be visible. Rather than leading with liquidity or ideological framing, CACHE positions transparency and auditability as its core value proposition.
Each CGT token represents allocated physical gold stored in professional vaults across multiple jurisdictions. CACHE publishes detailed bar lists and emphasizes independent third-party audits, reinforcing the principle that token holders should be able to verify backing without relying on institutional reputation alone. Trust but verify!
Tokenization here functions as a disclosure mechanism. The blockchain is not used to create financial complexity, but to make existing bullion practices more observable and accountable. This appeals to users who are less interested in DeFi composability and more concerned with proof-of-reserves discipline. Smart idea.
The tradeoff is scale. CACHE operates within a smaller ecosystem, with lower secondary-market liquidity and fewer exchange integrations than the largest issuers. Its design prioritizes clarity over velocity.
Best suited for: investors who value strong transparency, auditability, and vault diversification over liquidity or speculative activity.
Comtech Gold (CGO): Tokenization Built for Trade and Settlement
Comtech Gold represents a distinctly utilitarian vision of tokenized metals. Rather than framing gold as an investment product, Comtech positions tokenized gold as commercial infrastructure—designed to support commodity trade, collateralization, and settlement in regulated environments. They found a nice niche.
CGO tokens are issued within commodity-exchange and trade-finance frameworks, particularly in emerging and trade-focused jurisdictions. Gold is held with approved custodians, and token issuance aligns closely with existing regulatory regimes governing physical commodities.
Tokenization here improves settlement efficiency, traceability, and operational speed without attempting to disrupt the logic of trade markets. Comtech does not pursue broad retail adoption or DeFi composability; its focus is narrow by design.
This specialization limits visibility among Western retail investors and reduces global liquidity. But within its intended domain, Comtech’s approach is structurally coherent.
Best suited for: trade finance, commodity settlement, and emerging-market use cases where regulatory alignment and real-economy integration matter most.
Kinesis (KAU, KAG): Tokenized Metals as a Monetary System
Kinesis treats tokenization not as a feature, but as monetary architecture. Its gold (KAU) and silver (KAG) tokens are designed to circulate, settle, and function as money rather than static investment instruments.
Each token is backed by allocated physical metal stored in professional vaults across multiple jurisdictions. What distinguishes Kinesis is its yield-sharing model, which redistributes transaction fees to users who hold and actively use the metals. This design emphasizes velocity—a deliberate attempt to restore monetary function to precious metals. Back to the future?
Tokenization in Kinesis is therefore systemic. The blockchain coordinates ownership, settlement, and incentive distribution, creating an ecosystem where metals are meant to move.
This ambition introduces complexity. Users must understand system mechanics, fee flows, and governance. Institutional adoption has been slower than for simpler, custody-centric issuers.
Best suited for: users who believe precious metals should function as money, not merely as stores of value–an uphill climb.
Paxos remains one of the most institutionally credible issuers in the tokenized metals space, largely because it separates bullion standards from financial regulation with precision.
Each PAXG token represents ownership of one fine troy ounce of allocated physical gold. The gold conforms to London Bullion Market Association (LBMA) Good Delivery standards, ensuring bullion quality and refinery credibility. Importantly, LBMA sets market standards; it does not regulate issuers.
Regulatory oversight applies instead to Paxos itself, which operates under supervision by the New York Department of Financial Services (NYDFS). This dual structure—LBMA-standard bullion combined with NYDFS-regulated issuance—has made PAXG particularly attractive to institutions requiring legal clarity and compliance discipline.
PAXG emphasizes traceability, auditability, and redemption integrity. Each token can be linked to a specific gold bar, and attestations confirm full backing.
The tradeoff is flexibility. PAXG is gold-only, closely tied to U.S. regulatory jurisdiction, and less optimized for crypto-native experimentation.
Best suited for: institutions and regulated investors prioritizing legal certainty and bullion-market credibility.
T-Gold (SchiffGold): Sound-Money Tokenization with a Preservation Bias
Schiff Gold’s T-Gold reflects a philosophy-driven approach to tokenization. Rather than treating gold as a financial primitive to be re-engineered, T-Gold positions tokenization as a modern wrapper around traditional bullion ownership.
T-Gold represents allocated physical gold held with professional custodians, integrated into SchiffGold’s broader bullion ecosystem. The emphasis is preservation, ownership, and monetary discipline rather than yield or liquidity engineering.
Tokenization here improves portability and auditability without altering gold’s role as sound money. This clarity appeals strongly to investors already aligned with macro-oriented or anti-debasement narrative–a growing segment of the market.
Liquidity and secondary-market integration remain more limited than with larger issuers, and institutional settlement use cases are not the primary focus.
Best suited for: investors who prioritize sound-money principles and long-term wealth preservation.
Tether Gold (XAUT): Liquidity-First Tokenization at Global Scale
Tether’s XAUT represents a liquidity-first approach to tokenized gold. Each token corresponds to one fine troy ounce of allocated gold held in Swiss vaults, with redemption mechanisms available for larger holders.
What distinguishes XAUT is distribution and market depth. It is widely integrated across exchanges, wallets, and crypto-native platforms, often exhibiting greater secondary-market liquidity than competing gold tokens.
XAUT operates largely outside U.S. regulatory frameworks, offering flexibility and global reach but less formal oversight. Tokenization here is pragmatic: gold is treated as a stable, functional asset that can move at internet speed.
Best suited for: globally distributed, crypto-native users who value liquidity and accessibility over regulatory conservatism.
Key Comparison Themes
Across issuers, several patterns emerge:
Custody quality is table stakes; allocation and segregation are non-negotiable.
Redemption rights distinguish true tokenization from synthetic exposure.
Regulatory posture shapes who can use a token—and how.
Narrative coherence matters; the strongest issuers know why they tokenize.
Conclusion: Tokenization Is a Toolkit, not a Template
There is no single “best” tokenized precious metal issuer in 2026. Instead, there are clear leaders within distinct philosophies:
CACHE → transparency and auditability
Comtech Gold → trade and settlement
Kinesis → monetary re-engineering
Paxos → institutional compliance
T-Gold → sound-money preservation
Tether Gold → liquidity and reach
Tokenization is no longer about digitizing metal for novelty. It is about how metal-backed trust is structured, verified, and deployed in a programmable financial world.
That is the real story—and why issuer design now matters more than the token itself.
Tokenized gold is not about changing gold. It is about changing how we own, transfer, and verify it.
For thousands of years, gold has endured because it combines scarcity, durability, and universal recognition. Those properties will not change in 2026 or beyond. What is changing is the infrastructure around gold.
Platforms such as T-Gold and Paxos Gold (PAXG) show how fully backed physical gold can now be represented digitally—without turning it into paper promises or abstractions. The gold remains vaulted and insured. Ownership moves digitally.
This is not a revolution. It is an upgrade.
Tokenization separates custody from ownership transfer, reducing friction while preserving asset integrity. That is why gold is emerging as the benchmark for real-world asset tokenization—and why institutions are paying attention.
Gold remains gold. What changes is how efficiently it can participate in a digital financial system.
This article is part of an ongoing weekly series examining the tokenization of precious metals—covering custody, standards, regulation, issuer structure, settlement infrastructure, and market design. The series is published on BlockchainAIForum and LinkedIn and is among the few sustained, multi-metal editorial projects focused on tokenized metals as financial infrastructure rather than product promotion.
Dating back thousands of years, well before the ancient Roman Empire, gold has maintained its role as a store of value. That’s impressive. That begs the question: what properties does gold have that allow it to endure while paper money always fails? The answer is—gold combines scarcity, durability, and universal recognition.
In 2026, and beyond, gold’s properties won’t change—of that I am sure. Nevertheless, major change is afoot—of that I am sure also. Am I contradicting myself? Not at all. The evolution of gold in 2026, and beyond, will be the manner and infrastructure used to own, transfer, and verify it—of that I am confident also.
As discussed in Week One, tokenization does not alter the nature of an asset—it changes how ownership is represented and transferred. It’s an update, not a revolution. In other words, tokenized gold applies all the same properties to fully backed physical gold, allowing it to function within modern digital financial systems without losing its physical foundation.
Tokenized Gold in Practice: T-Gold
Tokenized gold is no longer theoretical. Platforms such as T-Gold (by Peter Schiff) illustrate how this model works in practice. T-Gold uses blockchain technology (Ethereum) to digitally represent ownership of fully allocated physical gold.
On T-Gold, a client can purchase tokenized gold through the digital platform. Each token represents a defined quantity of physical, investment-grade gold held in professional, insured vaults. The gold remains stationary; ownership changes are recorded digitally. This distinction mirrors a core theme from Week One: custody and ownership do not need to move together. The token is not a derivative or a paper promise. It represents ownership of allocated gold, expressed through a digital record.
In practical terms, T-Gold allows clients to:
Acquire physical gold without handling or transport
Hold gold in divisible digital units
Transfer ownership efficiently
Retain the option of physical redemption, subject to platform terms
The result is gold ownership that combines physical backing with digital efficiency. Point on the scoreboard!
A Second Reference Point: Paxos Gold (PAXG)
Paxos Gold (PAXG) provides a second, widely recognized example of institutional-grade tokenized gold. Paxos decided to go with the most used layer one blockchain—Ethereum.
Each PAXG token represents one fine troy ounce of gold, allocated to specific London Good Delivery bars stored in LBMA-approved vaults. Token holders can verify the serial numbers of the bars backing their tokens and, under defined conditions, redeem tokens for physical metal. Trust and verify!
As outlined in Week One, transparency and auditability are non-negotiable requirements for credible real-world asset tokenization. PAXG demonstrates how those requirements are implemented in practice through allocation, reporting, and regulated custody.
Why Traditional Gold Ownership Is Operationally Limited
Physical gold ownership is risky. With physical ownership, a multitude of weak points are introduced. For example, you could have disasters in storage, insurance, security, and transport. That’s why I can’t imagine storing gold at home.
Paper gold products, on the other hand, reduce some frictions—but at what costs? With paper you have counterparty risk, opacity, and a lack of direct claims on specific bars.
Is there a solution to the dilemma? Yes, tokenization.
Why Blockchain Fits Gold
Tokenization, as framed in Week One, separates physical custody from ownership transfer. Gold remains physical; ownership becomes digital. This separation reduces friction without weakening asset integrity. A perfect solution. Moreover, blockchain systems provide verifiable ownership records, fine-grained divisibility, near-instant settlement, and cross-border transferability. These characteristics align closely with the functional goals described in Week One for modernizing hard assets without financial abstraction.
Applied to gold, blockchain improves how ownership is recorded and transferred—nothing more, and nothing less, at a reasonable price. Winner!
Why Gold Leads Tokenized Hard Assets
Gold is emerging as the lead tokenized hard asset. It’s not hard to understand why if you consider what I explained in Week One—gold has global acceptance, deep liquidity, high value density, mature custody infrastructure, and established legal treatment. T-Gold and Paxos Gold demonstrate the broader principle: blockchain can enhance hard assets without turning them into abstractions.
Could others follow? Sure. Over the course of 2026, I will cover the other possible candidates, including silver, copper, or farmland. Gold, rightly, is the pioneer—but others will most likely trail not far behind.
Is Big Money Open to Tokenization
BlackRock Asset Management and Franklin Templeton are tokenizing financial assets in record volume. In fact, BlackRock CEO, Larry Fink, has spoken openly about the tokenization of all assets. Therefore, why doubt that tokenization of gold is not inevitable? Already, we see tokenized gold is increasingly used within institutional and regulated environments, including digital custody platforms, on-chain settlement systems, collateral frameworks, and portfolio allocation tools. Basically, tokenization is evolving as infrastructure, not disruption. Tokenized gold improves efficiency while remaining compatible with existing financial systems. Great combo!
Due Diligence Never Goes Out of Style
Tokenization does not eliminate risk. Custodian quality, vault jurisdiction, audit transparency, legal enforceability of redemption rights, and blockchain governance all remain critical considerations. These risks align with the asset-layer framework introduced in Week One: weaknesses in the physical, legal, or digital layer undermine the entire structure.
Conclusion
As this series continues, the same framework introduced in Week One, and reinforced here in Week Two, will be applied to silver, copper, and other metals. However, I started with gold as it remains the benchmark—the asset that shows how traditional value can function in a digital system. Gold remains unchanged. What changes is how ownership is recorded and transferred. Technology enhances asset clarity, a necessity in today’s world!
Until next time,
Yogi Nelson
Selected Sources
This article is part of an ongoing weekly series examining the tokenization of precious metals—covering custody, standards, regulation, issuer structure, settlement infrastructure, and market design. The series is published on BlockchainAIForum and LinkedIn and is among the few sustained, multi-metal editorial projects focused on tokenized metals as financial infrastructure rather than product promotion.
Tokenized metals sound straightforward: you acquire a digital token representing gold or silver, and you redeem it for physical bullion when desired. In practice, redemption is absolutely possible—but it is not universal, instantaneous, or frictionless. No way! Redemption sits at the intersection of blockchain mechanics, professional vaulting, compliance obligations, and real-world logistics.
This article explains how redemption typically works, step by step, and where nuance matters. It also examines how different tokenized metal issuers approach redemption in practice. The issuer examples below are listed in alphabetical order.
Why Redemption Exists (and Why It Matters)
Redemption is the ultimate trust test. If a tokenized metal product cannot be converted into physical bullion through a clear, enforceable process, the token may still track price—but it begins to resemble synthetic exposure rather than ownership.
Even if most holders never redeem, the existence of redemption:
Anchors the token to physical reality
Disciplines issuers to maintain reserves and procedures
Reduces the risk of “paper gold” problems migrating into token form
Redemption answers one essential question: Can digital ownership be converted into physical control under real-world rules?
Before You Redeem: What to Confirm Up Front (and How to Confirm It)
This is the due diligence section. Most redemption headaches come from skipping these checks.
1) Allocated vs Unallocated
Do not assume “backed by gold” means allocated. Here’s how to confirm it:
Read the issuer’s legal terms, not just the marketing page. Look for explicit language such as “allocated,” “segregated,” “specific bars,” or “direct ownership interest in physical bullion.”
Look for bar list language: credible allocated systems often publish (or can provide) bar lists with identifiers such as refiner, serial number, weight, and purity.
Confirm whether the metal is on the custodian’s balance sheet. Unallocated structures often operate like a claim on a pool. Allocated structures generally aim to be bankruptcy-remote through custody/bailment frameworks.
A practical rule: if you cannot find any clarity about bar-level identification or allocation, assume it may be unallocated until proven otherwise.
2) Custodian Quality: How to Evaluate
Custody is the center of gravity in tokenized metals. Assess the custodian using the same mindset institutions use:
Reputation and specialization: Is the custodian a recognized bullion vault operator or a generic storage provider?
Jurisdiction: Where is the vault located? Jurisdiction affects legal enforceability, bankruptcy treatment, and dispute remedies.
Audit access and reporting: Does the custodian support third-party audits and bar-list reconciliation?
Insurance coverage clarity: Is there clear documentation that the stored bullion is insured, by whom, and for what categories of loss?
High-quality custody is boring by design. It should feel procedural, controlled, and document-heavy. If custody feels vague, that is a signal.
3) Compliance Requirements
Compliance can surprise crypto-native users. It should not. You are redeeming a high-value physical asset. Typical compliance requirements include:
KYC (Know Your Customer): verifying identity (government ID, address verification, sometimes proof-of-funds).
AML (Anti-Money Laundering): issuer review of transactions to ensure the redemption is not linked to illicit activity.
Sanctions screening: confirming the person and destination are not prohibited.
Shipping restrictions: some jurisdictions have import rules or restrictions on precious metals shipments.
How to stay compliant:
Use your own verified account; do not “redeem for a friend.”
Keep transaction records and invoices.
Do not route tokens through questionable mixers or obscure hops right before redemption.
Ensure the delivery destination is legally permissible (customs and duties matter).
Compliance is not there to annoy you; it is there because issuers that ignore it do not survive.
The Step-By-Step Redemption Process
Step 1: Choose Your Redemption Outcome
Most issuers support one or more of the following:
A) Insured Delivery
This is the most intuitive option: bullion arrives at your address.
But “insured delivery” is a chain of real-world responsibilities:
The issuer or logistics partner packages bullion using tamper-evident procedures.
A carrier transports it under insured conditions (insurance may be carried by the vault, carrier, issuer, or third-party policy depending on the arrangement).
Delivery often requires signature, ID verification, or secure drop protocols.
Costs usually include:
handling/processing fees
shipping fees
insurance premiums
sometimes fabrication fees if the redemption requires specific minted products
Important nuance: insured does not mean “risk-free.” Insurance coverage has definitions and exclusions. You should know when liability shifts (more on that in Step 9).
B) Vault Pickup
Vault pickup can reduce shipping complexity and cost, but it introduces operational burden:
You may need a scheduled appointment and identity verification at the vault.
Some vaults require specific authorization letters from the issuer.
There may be restrictions on how bullion can be transported out.
Vault pickup is best for:
those traveling near the vault
larger redemptions where shipping costs are significant
individuals who prefer to control transport
It also introduces personal security considerations. Leaving a vault with bullion is not a theoretical risk. It is a real-world one.
C) Conversion to an Allocated Vault Account
This is often overlooked. In many systems, “redemption” can mean converting your token claim into a direct allocated vault holding without shipping. This is popular among:
institutions
high-net-worth holders
anyone who wants ownership clarity without delivery risk
Step 2: Confirm Token Eligibility and Network (Canonical vs Wrapped Tokens)
This step avoids a common and painful mistake.
A canonical token is the issuer’s “official” token contract that represents the underlying metal according to the issuer’s terms.
A wrapped token is a derivative representation issued by another protocol or bridge. It may track the canonical token, but it is not necessarily redeemable by the issuer.
Example conceptually:
You might hold “wrapped XAUT” on a DeFi platform.
The issuer may only redeem the original XAUT held in eligible form.
Practical takeaway: redemption almost always requires you to hold the canonical token in a wallet/account format the issuer can recognize.
Step 3: Open or Verify a Redemption Account
Expect identity verification. Even if you acquired tokens anonymously, physical delivery forces compliance.
Step 4: Request a Redemption Quote
Before you select bars vs coins, the issuer typically needs:
your verified identity status
your destination country/state
your preferred delivery method
your redemption quantity
whether you want specific formats
Then you receive:
an itemized fee estimate
available product formats
processing timeline
terms of risk transfer and insurance
This is effectively your “term sheet” for physical settlement. Read it like one.
Only after that quote phase do you select:
bar vs coin format
weight sizes
delivery vs pickup option
Step 5: Lock the Redemption Order
Pricing may be locked at:
the moment you confirm the quote, or
the moment tokens are received, or
the moment the bullion leaves the vault
This matters in volatile markets.
Step 6: Transfer or Retire Tokens
Redemption requires that the digital claim be removed from circulation in a controlled way.
Mechanically, one of three models is used:
Transfer-to-issuer model
Send tokens to an issuer-controlled redemption address.
Issuer confirms receipt on-chain.
Issuer later burns/locks/marks tokens as redeemed internally.
Smart-contract burn/lock model
Send tokens to a contract that programmatically locks or burns them.
The contract emits an event that triggers off-chain fulfillment.
Partner/dealer model
Transfer tokens to an authorized dealer or partner.
The partner executes redemption through its custody channels.
Why this matters: the issuer must ensure redeemed tokens cannot be resold while physical bullion is being delivered. That is the core integrity requirement.
Step 7: Off-Chain Verification and Reserve Reconciliation
Once tokens are received/retired, the issuer must reconcile:
token supply changes
reserve records
custody documentation
internal controls
This is where proof-of-reserves discipline becomes operational. In other words, reserve verification stops being a periodic report and becomes an active process that must hold up under transaction pressure.
A serious issuer must be able to show, in operational terms:
which inventory is being released
how it matches allocation records
how token supply changes reflect the release
who approved and documented the transaction
If this step is weak, redemption becomes the moment where a system breaks.
Step 8: Picking, Fabrication, and Packing
If you redeem for a standard bar that already exists in inventory, the process may be “pick and pack.”
If you redeem for coins or specific branded bars:
metal may need to be fabricated (minted)
the product may require assay verification
packaging must preserve chain-of-custody
serial documentation may be generated or confirmed
This is why minimum redemption sizes exist. Logistics and fabrication do not scale down smoothly. The hidden truth: redemption is often less about blockchain and more about inventory management.
Step 9: Delivery or Vault Pickup
When I say “risk transfers from issuer to holder,” I mean there is a contractual moment when liability shifts. For delivery, that moment might be:
when the vault hands the package to the carrier
when the carrier confirms delivery
when you sign for receipt
The issuer’s terms should specify:
who bears risk in transit
what insurance covers
how claims are handled
what happens if delivery fails
For pickup, risk may transfer:
the moment the vault releases the bullion to you
This is not fine print trivia. It determines who eats the loss in a rare but real adverse event.
Step 10: Final Documentation
Keep records:
redemption confirmations
invoices
shipping docs
serial/bar docs (if provided)
These can matter for tax, insurance, resale, and audit questions later.
Real-World Issuer Examples (Alphabetical Order; Not Ranked)
CACHE Gold (CGT): CACHE emphasizes transparency, audits, and bar-level visibility. Redemption is conventional, structured, and logistics-driven.
Comtech Gold: Comtech’s model leans institutional and commerce-oriented. Redemption typically aligns with regulated commodity settlement pathways, not retail convenience.
Kinesis (KAU/KAG): Kinesis integrates redemption into a broader “metals as money” system. Redemption exists, but the design emphasizes circulation and settlement within the ecosystem.
Paxos Gold (PAXG): PAXG focuses on disciplined custody, formal procedures, and regulatory posture. Redemption is strong but not designed for casual users.
T-Gold (SchiffGold): T-Gold uses tokenization as a modern wrapper around traditional bullion acquisition and custody workflows. Redemption mirrors bullion reality, not crypto convenience.
Tether Gold (XAUT): XAUT is widely distributed and liquid; physical redemption exists but generally favors larger holders and structured processes.
From a compliance perspective, finality strengthens:
audit trails
demonstrable ownership
controlled custody
clear redemption rights
Institutions do not embrace tokenization because it is modern. They embrace it when it produces cleaner, faster, more verifiable finality than legacy settlement systems.
Final Thought: Redemption Is the Bridge
Tokenized metals do not promise magic. They offer a bridge:
blockchain for ownership transfer
vaults for physical custody
audits for verification
redemption for enforceability
When that bridge is well built, tokenization earns trust.
This article is part of an ongoing weekly series on the tokenization of precious metals, published on BlockchainAIForum and LinkedIn, examining custody, regulation, issuer structure, and settlement infrastructure.
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