CZ Slams ‘On-Chain Gold’ Tokenization; Peter Schiff Announces Gold Tokenization Plans

COINOTAG News reported that CZ cautioned on social media that tokenizing gold does not equate to owning on-chain gold. He framed it as a digital claim backed by a third party to deliver gold in the future, a structure he described as a “trust me” instrument rather than a true asset.

Investors should assess custody arrangements, counterparty risk, and potential regulatory oversight. While tokenized gold can offer liquidity without immediate physical transfer, outcomes hinge on provider solvency and verifiable reserve audits—critical factors for due diligence and risk management.

Separately, Peter Schiff has indicated plans to launch a gold tokenization product, outlining an app-based workflow for gold purchases stored in a vault and transferable ownership. Market participants should view this as a tokenized claim rather than direct metal exposure, in line with prudent crypto investment practices.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.