In times of crisis, gold shows its strength. The gold-backed crypto market is currently thriving, with several notable projects worthy of investors' attention says CEO and publicist arieli .
climbing up throughout the year amid persistent economic shakeups. Thanks to tokenization, gold has gotten a new shine and is offering its security to the world of crypto. Here are some of the gold-backed projects that are offering investors stability when it’s off the menu in the general crypto market.VNX, Europe’s first regulated platform for investing in tokenized precious metals, recently launched VNX Gold , based on Ethereum.
VNX Gold holders can opt to redeem their physical gold, either during an in-person visit or, for shipments over one kilogram, via delivery right to their doorstep anywhere in the world. With VNX Gold, investors have peace of mind in knowing exactly where and how secure their gold is.Paxos, a regulated blockchain infrastructure platform, offers PAXG, a digital token backed by physical gold. Each token represents one fine troy ounce of a single 400-ounce LBMA Good Delivery-standard gold bar.
The Meld Gold token has no fixed supply, but instead the market supply and demand for both traditional and digital gold determine its minting and burning.An eclectic group of finance, IT, and blockchain experts created GoldCoin in 2010, with the goal of making gold more widely accessible and frictionless. GLC is the first fractionalized gold-backed token that investors can purchase using any national currency or cryptocurrency.
Investors need to purchase a minimum of 50 XAUt or 50 fine troy ounces, which amounts to roughly $90,000 as of this January. They can fractionalize their token and redeem it for physical gold or pocket proceeds from selling it. However, investors must hold one full bar of gold in order to redeem any amount. This can be a potential downside for investors looking to hold a smaller amount of gold that is still easy to redeem.