Core Insights - The recent rise in gold prices has sparked interest in tokenized gold, but opinions are divided on its legitimacy and value [1][3] - Peter Schiff plans to launch a tokenized gold platform called Tgold, predicting it will capture market share from Bitcoin [2][3] - Critics, including former Binance CEO CZ, argue that tokenized gold is not true "on-chain" gold and relies on third-party trust [5][6] Group 1: Tokenized Gold Market - Tokenized gold is seen as a blend of technological innovation and traditional finance, yet some view it as an outdated concept [1] - The market capitalization of the tokenized gold sector exceeds $3.8 billion, indicating significant investor interest despite skepticism [8] Group 2: Expert Opinions - Schiff believes tokenizing real assets like gold enhances liquidity and value, contrasting it with the tokenization of non-valuable digital assets [3] - Financial analyst Shanaka Anslem Perera supports CZ's view, labeling tokenized gold as "the great custodial lie" and highlighting historical risks associated with third-party management [7]