Photo by BeInCrypto Gold-linked digital assets are surging as the metal’s price climbs above $4,370 per ounce. The rally has prompted issuers to launch new blockchain-based products, turning gold into an on-chain financial instrument. The surge reflects a wider convergence between traditional commodities and digital assets. As inflation concerns and geopolitical uncertainty persist, investors are turning to tokenized versions of gold as a stable, transparent, and easily transferable hedge against volatili ...

As digital currencies and traditional assets are converging, gold-backed crypto tokens have emerged as a unique investment vehicle. Also referred to as “tokenized gold,” these assets combine the stability of gold with the flexibility of blockchain technology. As the price of gold continues to hit new all-time highs, the demand for gold-backed tokens has increased. Blockchain analytics platform Lookonchain recently posted on X that two crypto whales bought more than $30 million worth of Tether Gold (XAUt) ...