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Gold-backed crypto overview
Gold-backed cryptocurrencies are a class of crypto that are backed by physical gold. They are often found on decentralized networks like Ethereum and accepted as payment for goods and services and give you the exposure to the price stability of gold without the physical storage and security risks. Think of them as decentralized, permissionless crypto ETF's. But they come with their own risks and considerations. To date there are no privacy oriented gold-backed cryptocurrencies.
Related Explore hubs
- Cryptocurrencies overview - native chains and network-native assets.
- Stablecoins overview - dollar-pegged token designs.
- Precious metals overview - physical-market concepts and bullion.
This page is educational and not a recommendation to buy, sell, or hold any asset.
FAQ
- Is tokenized gold the same as a bar in my safe?
No. Tokens are claims on gold held by a third party.
- Does holding PAXG mean I own the same thing as XAUT?
No. Yes and no. They both give you the price exposure of gold without the physical storage and security risks. But they are different products with different risks and considerations.
- Is this financial advice?
No. This content is general education only.
