7th August 2024 Digital Bytes

From bartering to blockchain - evolution, tokenisation and the gold v Bitcoin debate: (Part 2) The evolution of money and the emergence of tokenised gold - in an exploration of tokenised gold, this article investigates key issuers such as Bold, Swarm, Paxos, HSBC, Tether Gold, Comtech Gold, Kinesis Money and VeraOne Gold, detailing their operational significance. It also delves into the ongoing debate between gold and Bitcoin as stores of value, contrasting gold's historical stability with Bitcoin's exponential returns and digital advantages and examines why tokenising gold appeals to investors whereby offering fractional ownership and enhanced liquidity. In addition, HSBC's recent launch of tokenised gold is highlighted, reflecting broader trends towards digital asset trading despite potential compromises in privacy and counterparty risk compared to physical ownership.

Evolution of tokenomics - the term tokenomics, a combination of the words “token” and “economics”, describes the conc…