Binance founder CZ called tokenized gold a “trust me bro” token, claiming it adds the need for a third party. | Credit: Ben McShane / Getty Images. Key Takeaways Binance founder Changpeng Zhao said tokenized gold is a “trust me bro” token. Peter Schiff said he intends to launch his own gold-backed token. Custodial risk and unclear regulation have kept gold-backed tokens from breaking out. Binance founder Changpeng Zhao (CZ) has dismissed the growing hype around tokenized gold projects, calling the ...