What is gold tokenization & how does it work?
Gold tokenization refers to the process of converting physical gold or gold-backed assets into digital tokens. This process involves verifying the authenticity and ownership of the gold, creating a digital representation on a blockchain, and allowing investors to trade or hold these tokens as a proxy for the underlying gold asset. It works by providing a secure, transparent, and efficient way to invest in and transact with gold without the need for physical delivery.
How physical gold is tokenized and traded Onchain?
I want to understand the process of how physical gold can be converted into tokens and then traded on a blockchain network. Specifically, I'm interested in the steps, technologies, and platforms involved in this process.