象徵性的黃金資本化已經超過了12億美元的大關

這種增長是由於黃金價格飆升和對區塊鏈資產的興趣日益增加所致。對金牌加密資產的興趣日益加劇，是使存儲現代化的更廣泛運動的一部分

Tokenized gold capitalization has crossed the $1.2 billion mark. This growth is driven by soaring gold prices and growing interest in blockchain assets.

代幣化的黃金資本化已經超過了12億美元的大關。這種增長是由於黃金價格高漲和對區塊鏈資產的興趣越來越大的驅動。

The growing interest in gold-backed crypto assets is part of a broader movement to modernize the storage, trading, and use of the precious metal in financial markets.

對金牌的加密資產的興趣日益增長，是使金融市場中貴金屬的存儲，交易和使用現代化的更廣泛運動的一部分。

Gold meets blockchain in the age of tokenization

黃金遇到令牌化時代的區塊鏈

The price of gold has steadily been climbing to new heights after surpassing $3,000 per ounce in March. Along with this growth, digital incarnations of precious metals such as Tether Gold (XAUT) and Paxos Gold (PAXG) are attracting close investor attention.

三月份超過每盎司3,000美元後，黃金的價格一直穩步上升到新的高度。隨著這一增長，諸如係繩黃金（XAUT）和Paxos黃金（PAXG）等貴金屬的數字化身引起了人們的關注。

1-week chart of XAU/USD

XAU/USD的1週圖表

Don Tapscott, co-founder of the Blockchain Research Institute, asserts that tokenized gold has the potential to transform the $13 trillion gold market, bringing transparency, liquidity, and new financial models.

區塊鏈研究所的聯合創始人唐·塔普斯科特（Don Tapscott）斷言，令牌化的黃金有可能改變13萬億美元的黃金市場，從而帶來透明度，流動性和新的財務模型。

Gold has been a store of value for millennia—but why are we still storing it the same way we did in the 1800s. While Bitcoin and stablecoins have gone digital, gold remains locked away in vaults, underutilized and undervalued on the books. That’s changing. Tokenized gold—backed…

黃金一直是數千年的價值存儲，但是為什麼我們仍然像1800年代一樣存儲它。儘管比特幣和Stablecoins數字化，但黃金仍然被鎖定在金庫中，未充分利用和被低估。這正在改變。象徵性的黃金 - 後面…

Based on this assumption, he wondered why gold is still held in vaults like it was in the 1800s while assets like Bitcoin and stablecoins like USDT have gone digital. Tapscott believes blockchain technology could revolutionize gold's role in finance.

基於這一假設，他想知道為什麼像1800年代一樣在金庫中仍然持有黃金，而像USDT這樣的比特幣和Stablecoins之類的資產已經數字化了。塔普斯科特（Tapscott）認為，區塊鏈技術可以徹底改變黃金在金融中的作用。

"The U.S. government could even tokenize its gold reserves, track them immutably, and use them in innovative ways," Tapscott explained.

Tapscott解釋說：“美國政府甚至可以將其黃金儲量歸為現象，並不成熟，並以創新的方式使用它們。”

He noted that such a move would allow for fractional ownership, blockchain verification, and increased accessibility for investors around the world.

他指出，這樣的舉動將允許全球投資者的分數所有權，區塊鏈驗證以及增加可訪問性。

Meanwhile, companies like Paxos and Tether lead the way in tokenized gold offerings, with Paxos holding 51.74% of the market and Tether following close behind at 46.69%.

同時，像Paxos和Tether這樣的公司領導著代幣化的黃金產品，Paxos持有51.74％的市場，而Tether則佔據了46.69％的關閉。

Tokenized gold products. Source: rwa.xyz

象徵性的黃金產品。資料來源：rwa.xyz

"We believe that the next generation of financial giants is likely to emerge from the tokenization revolution. It’s still early days, and the playing field is wide open. Matador and others have the bull by the horns," noted Tapscott in a recent article.

Tapscott在最近的一篇文章中指出：“我們認為，下一代金融巨頭很可能會從令牌化革命中出現。現在還很早，運動場很開。

Gold tokenization in the US – A bold policy shift?

美國的黃金令牌化 - 大膽的政策轉變？

The momentum behind tokenized gold has also reached the US government. Following President Trump's March 5 order to create a strategic Bitcoin reserve (SBR), policymakers are exploring ways to modernize gold holdings.

令牌黃金背後的動力也已經到達美國政府。在特朗普總統3月5日建立戰略比特幣儲備（SBR）的命令之後，決策者正在探索現代化黃金持有量的方法。

Treasury Secretary Scott Bessent indicated that the U.S. will "monetize its assets," leading some to speculate the possibility of tokenizing Fort Knox gold.

財政部長斯科特·貝斯特（Scott Bessent）表示，美國將“將其資產獲利”，導致一些人推測諾克斯堡金牌的可能性。

"U.S. Treasury Secretary Scott Bessent says all the GOLD is there because he has no plans to visit Fort Knox or revalue the GOLD reserves in the sovereign wealth fund. He says this on 'Bloomberg Surveillance'," noted Erik Yeung.

“美國財政部長斯科特·貝森特（Scott Bessent）說，所有黃金都在那裡，因為他沒有計劃參觀諾克斯堡或重估主權財富基金中的黃金儲備。他在'彭博監視''中說了這一點，”埃里克·楊（Erik Yeung）說。

Senator Cynthia Lummis also suggested that some of the U.S. government's gold reserves be exchanged for Bitcoin. U.S. gold reserves are carried at a book value of $42 per ounce - it hasn't changed since 1973 - even though the market price exceeds $3,000 per ounce.

參議員辛西婭·盧米斯（Cynthia Lummis）還建議將一些美國政府的黃金儲備換成比特幣。美國黃金儲備的賬面價值為每盎司42美元 - 自1973年以來就沒有改變 - 儘管市場價格超過每盎司3,000美元。

While the US is exploring tokenization, geopolitical rivals China and Russia could take the even bolder step of launching a gold-backed stablecoin. Bitcoin maximalist Max Keiser recently drew attention to the BRICS' plans to introduce a gold-backed stablecoin.

儘管美國正在探索令牌化，但地緣政治競爭中國和俄羅斯可能會採取更大膽的步驟來推出一個金牌的穩定者。比特幣的最大主義者Max Keizer最近提請注意金磚四國引入金牌穩定的計劃。

"The BRICS, principally Russia, China & India, will counter any attempt by the US to introduce a hegemonic, USD-backed stablecoin — with a Gold-backed stablecoin. The majority of the global market will favor a Gold-backed coin since it’s inflation-proof (unlike the USD) and doesn’t boost unwelcome US hegemony. India already runs on a de facto Gold standard, and Sharia law in Muslim countries would dictate Gold over a USD riba-coin as well. To be clear, a BTC-backed stablecoin is not fit for purpose due to volatility," Kaiser stated.

“金磚四國，主要是俄羅斯，中國和印度，將反對美國引入霸權，以美元支持的stabablecoin的任何嘗試 - 帶有金色支持的穩定的stabalecoin。全球大部分市場都會有利於黃金支持的硬幣，因為它將成為貨幣的通貨膨脹（不同意的穆斯特）。凱瑟說：“也要明確金黃色。

In addition, Kaiser suggested that gold-backed Bitcoin will outperform USD-backed Bitcoin in competing in global markets. He argues that gold is more trusted than the USD, it effectively tracks inflation and remains minimally volatile compared to Bitcoin price fluctuations.

此外，凱撒（Kaiser）建議黃金支持的比特幣將在全球市場競爭中勝過以美元支持的比特幣。他認為，黃金比美元更具信任性，它有效地跟踪通貨膨脹，並且與比特幣價格波動相比，它仍然微調。

With an estimated 50,000 tons of combined gold reserves, China and Russia could use blockchain technology to create a new gold-backed digital asset. Such an action would challenge the dominance of the U.S. dollar in global trade.

據估計，據估計，中國和俄羅斯可以使用區塊鏈技術來創建新的黃金支持的數字資產。這樣的行動將挑戰美元在全球貿易中的統治地位。

Gold vs. Bitcoin – Safe haven debate intensifies

黃金與比特幣 - 避風港辯論加劇

Gold's record rally has rekindled the debate about its role as a safe haven asset compared to Bitcoin. Some analysts suggest Bitcoin may soon follow gold's trajectory, setting new all-time highs.

Gold的紀錄集會重新激發了有關其作為避風港資產與比特幣相比的避風港資產的辯論。一些分析師認為，比特幣可能很快遵循Gold的軌跡，創造了新的歷史最高點。

However, amid economic uncertainty and

但是，在經濟不確定性和