Tang Bo of Hong Kong University of Science and Technology: Gold tokens can earn interest on-chain, unlike traditional gold ETFs.
TL;DR
Tang Bo from HKUST highlights gold tokenization as a key RWA trend, offering 1:1 physical gold backing and on-chain interest generation, unlike traditional ETFs.
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According to Odaily Odaily, Tang Bo, Assistant Dean of the Institute of Finance at the Hong Kong University of Science and Technology, stated that gold tokenization is becoming the most promising sector in real-world asset (RWA) tokenization. Gold's value as a safe-haven asset is returning, and tokenization technology will give this ancient asset entirely new financial attributes. Gold tokenization differs from traditional gold ETFs. Gold tokens are certificates corresponding 1:1 to physical gold; holders can directly withdraw physical gold from vaults, while ETFs are merely asset certificates. More importantly, gold tokens can generate interest on the blockchain, further revitalizing gold's financial attributes through collateralized lending and other methods. (21st Century Business Herald)