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CZ Slams Tokenized Gold as a 'Trust Me Bro' Token: Why Has On-Chain Gold Never Worked?
Yahoo Finance· 2025-10-23 18:32
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 ...
CZ and Peter Schiff Ignite Debate Over the True Nature of Tokenized Gold
Yahoo Finance· 2025-10-23 17:00
RWA tokenization, tokenized real-world assets, ParaFi. Photo by BeInCrypto The recent surge in gold prices has drawn increased attention to tokenized gold. However, experts remain deeply divided over whether it represents “real gold” or merely a risky promise. Some analysts describe tokenized gold as a unique intersection of technological innovation and financial tradition. Others see it as an outdated concept disguised as progress. Peter Schiff Plans to Launch Tokenized Gold Platform The discussion eru ...
Bitget Bets Big on Universal Exchange (UEX) Model, Combining Crypto, TradFi, and Tokenized Assets
Yahoo Finance· 2025-09-25 22:07
Bitget’s Universal Exchange merges crypto, tokenized assets, and TradFi, aiming to be the world’s first all-in-one trading hub. | Credit: Getty Images. Key Takeaways Bitget launches Universal Exchange (UEX), merging crypto, tokenized assets, and traditional markets. The platform introduces tokenized stocks, ETFs, and gold alongside Bitcoin and DeFi tokens. CEO Gracy Chen says Bitget is building for institutions and retail traders with AI tools and hybrid custody. The cryptocurrency industry has lo ...