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Mostly gold, and the vault matters more than the ticker

Commodities · Lesson 9.2

The tokenized commodities market is mostly gold. Examples include Paxos with PAX Gold, Tether with Tether Gold and Matrixdock with XAUm. Each token represents a claim on gold held with a custodian. Vault operators and refiners store and handle the metal, and auditors check that the bars are there. Issuers differ most in how holders can redeem: for cash, for physical gold or both.

Examples in this lesson

  • PAX Gold
  • Tether Gold
  • Matrixdock

Wally’s note: the vault matters more than the ticker

Examples, not a complete list. Silver, platinum and other commodities are tokenized too.

A gold token is only as good as its vault. Check who audits it and how you can redeem.

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