The legitimacy of tokenized gold is under scrutiny, as Binance’s CEO, CZ, raises concerns about its blockchain integration and dependence on third-party custody. This challenge has sparked a growing debate within the industry regarding how tokenized gold operates and its viability in the blockchain space. Proponents argue that tokenized gold can enhance liquidity and accessibility, making gold trading more efficient. However, critics highlight the risks associated with relying on third-party custodians, questioning the overall security and authenticity of these tokens. The ongoing dialogue suggests a critical examination of tokenized assets and their future role in financial markets.
