11-06-2024, 12:17 PM
The process of gold tokenization involves several key steps that transform physical gold into digital assets on a blockchain. First, the gold is sourced and verified for quality and authenticity. Once verified, it is securely stored in a vault. Each unit of gold is then represented by a digital token, which is created on a blockchain platform. These tokens are linked to the actual gold, ensuring that each token corresponds to a specific amount of physical gold. This process enables seamless trading, ownership transfer, and investment in gold while enhancing security and transparency.