Asset-backed Tokens. Imagine these unique digital coins as your gateway to tangible assets, such as #gold or #oil.
13 Sep 2023, 10:45
Asset-backed Tokens 🪙💎
Imagine these unique digital coins as your gateway to tangible assets, such as #gold or #oil. Instead of holding a physical piece of gold, you possess a digital coin that represents it.
Take the Paxos Gold token (#PAXG) as a prime example; it's akin to acquiring a share of gold, but in the digital realm, securely stored on a #blockchain!
While these tokens typically adhere to rigorous regulations, you can trade them on the same online platforms where you handle other forms of digital currency. 🌐📈
#StoboxEcosystem #RWA #DigitalAssets #DeFi