Key Notes

Bitcoin critic Peter Schiff announced plans to launch a tokenized gold product, allowing users to buy and transfer gold digitally.

Changpeng Zhao stated that tokenized gold often depends on trust in third-party custodians, making them “trust me bro” tokens.

Schiff defended the model, arguing that gold has long relied on trusted custodians like Brinks.

Bitcoin BTC $109 221 24h volatility: 1.6% Market cap: $2.18 T Vol. 24h: $72.43 B critic Peter Schiff is entering the real-world assets (RWA) tokenization space, planning to launch a tokenized gold product.

However, Binance founder Changpeng Zhao (CZ) pointed out that tokenizing gold is not the same as having physical gold on-chain.

Binance’s Changpeng Zhao on Limitations of Tokenized Gold

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