[Cardano launches gold, first launches $150,000 in tokenized gold]
In an update to the These assets allow users to hold gold in digital form and redeem it for physical gold, which is stored in the Pro Aurum vault in Germany.
Tokenization of real-world assets (RWA) is becoming a hot topic in the crypto industry, with more than $12.15 billion in RWA assets currently on-chain. Finest has been teasing the launch of tokenized gold since September 2, saying it will come online earlier than expected. Users with fGLD can choose delivery or pick-up in Munich.
In addition to tokenized gold, the Cardano network also has other RWA tokens, and the Finest platform also allows the purchase of tokenized granite. However, Cardano still lags relatively behind Ethereum, Stellar, and Solana in coverage of RWA assets.
Users can purchase fGLD on the Finest platform via ADA, USDC or credit card. USDC payments will be cross-chained to the Polygon blockchain due to the lack of liquid stablecoins on Cardano. Currently, Cardano is welcoming more stablecoin projects, such as USDA.
