象征性的黄金资本化已经超过了12亿美元的大关

这种增长是由于黄金价格飙升和对区块链资产的兴趣日益增加所致。对金牌加密资产的兴趣日益加剧，是使存储现代化的更广泛运动的一部分

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

代币化的黄金资本化已经超过了12亿美元的大关。这种增长是由于黄金价格高涨和对区块链资产的兴趣越来越大的驱动。

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.

对金牌的加密资产的兴趣日益增长，是使金融市场中贵金属的存储，交易和使用现代化的更广泛运动的一部分。

Gold meets blockchain in the age of tokenization

黄金遇到令牌化时代的区块链

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.

三月份超过每盎司3,000美元后，黄金的价格一直稳步上升到新的高度。随着这一增长，诸如系绳黄金（XAUT）和Paxos黄金（PAXG）等贵金属的数字化身引起了人们的关注。

1-week chart of XAU/USD

XAU/USD的1周图表

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.

区块链研究所的联合创始人唐·塔普斯科特（Don Tapscott）断言，令牌化的黄金有可能改变13万亿美元的黄金市场，从而带来透明度，流动性和新的财务模型。

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…

黄金一直是数千年的价值存储，但是为什么我们仍然像1800年代一样存储它。尽管比特币和Stablecoins数字化，但黄金仍然被锁定在金库中，未充分利用和被低估。这正在改变。象征性的黄金 - 后面…

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.

基于这一假设，他想知道为什么像1800年代一样在金库中仍然持有黄金，而像USDT这样的比特币和Stablecoins之类的资产已经数字化了。塔普斯科特（Tapscott）认为，区块链技术可以彻底改变黄金在金融中的作用。

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

Tapscott解释说：“美国政府甚至可以将其黄金储量归为现象，并不成熟，并以创新的方式使用它们。”

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

他指出，这样的举动将允许全球投资者的分数所有权，区块链验证以及增加可访问性。

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%.

同时，像Paxos和Tether这样的公司领导着代币化的黄金产品，Paxos持有51.74％的市场，而Tether则占据了46.69％的关闭。

Tokenized gold products. Source: rwa.xyz

象征性的黄金产品。资料来源：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：“我们认为，下一代金融巨头很可能会从令牌化革命中出现。现在还很早，运动场很开。

Gold tokenization in the US – A bold policy shift?

美国的黄金令牌化 - 大胆的政策转变？

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.

令牌黄金背后的动力也已经到达美国政府。在特朗普总统3月5日建立战略比特币储备（SBR）的命令之后，决策者正在探索现代化黄金持有量的方法。

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

财政部长斯科特·贝斯特（Scott Bessent）表示，美国将“将其资产获利”，导致一些人推测诺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.

“美国财政部长斯科特·贝森特（Scott Bessent）说，所有黄金都在那里，因为他没有计划参观诺克斯堡或重估主权财富基金中的黄金储备。他在'彭博监视''中说了这一点，”埃里克·杨（Erik Yeung）说。

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.

参议员辛西娅·卢米斯（Cynthia Lummis）还建议将一些美国政府的黄金储备换成比特币。美国黄金储备的账面价值为每盎司42美元 - 自1973年以来就没有改变 - 尽管市场价格超过每盎司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.

尽管美国正在探索令牌化，但地缘政治竞争中国和俄罗斯可能会采取更大胆的步骤来推出一个金牌的稳定者。比特币的最大主义者Max Keizer最近提请注意金砖四国引入金牌稳定的计划。

"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.

“金砖四国，主要是俄罗斯，中国和印度，将反对美国引入霸权，以美元支持的stabablecoin的任何尝试 - 带有金色支持的稳定的stabalecoin。全球大部分市场都会有利于黄金支持的硬币，因为它将成为货币的通货膨胀（不同意的穆斯特）。凯瑟说：“也要明确金黄色。

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，凯撒（Kaiser）建议黄金支持的比特币将在全球市场竞争中胜过以美元支持的比特币。他认为，黄金比美元更具信任性，它有效地跟踪通货膨胀，并且与比特币价格波动相比，它仍然微调。

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.

据估计，据估计，中国和俄罗斯可以使用区块链技术来创建新的黄金支持的数字资产。这样的行动将挑战美元在全球贸易中的统治地位。

Gold vs. Bitcoin – Safe haven debate intensifies

黄金与比特币 - 避风港辩论加剧

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的纪录集会重新激发了有关其作为避风港资产与比特币相比的避风港资产的辩论。一些分析师认为，比特币可能很快遵循Gold的轨迹，创造了新的历史最高点。

However, amid economic uncertainty and

但是，在经济不确定性和