German-based real-world assets (RWA) tokenization platform Finest has launched tokenized gold on the Cardano network.

In an X update, the tokenization platform announced that the tokenized assets are now live on the Cardano network. Notably, they will boast an initial cap of $150,000 with the ticker for the native Cardano token being fGLD.

Real-world asset tokenization (RWA) is a trending narrative in the crypto industry. It allows users to acquire tokenized forms of physical assets like gold, stocks, and real estate. Over $12.15 billion worth of RWAs are on-chain, with some notable crypto key players like BlackRock deeply involved.

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