TechFlow News, May 23: a16z crypto stated that the tokenized commodities market is currently composed almost entirely of gold. It noted that gold is well-suited for tokenization due to its global liquidity, standardized characteristics, and long-standing tracking via paper-based instruments. a16z crypto added that crypto investors are already familiar with this model—Bitcoin had already been dubbed “digital gold” prior to the rise of tokenized gold. Specifically, XAUt and PAXG migrate traditional gold ownership models onto the blockchain, converting rights to physical gold held in vaults into on-chain tokens stored in digital wallets. In contrast, tokenized oil, agricultural commodities, energy, and computing power remain in much earlier stages of development, with comparatively smaller market shares.
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