Bitcoin Ordinals Gold Tokenization: On-chain empowerment of physical gold bars for a new ecosystem of encrypted assets

The TRIO marketplace under OrdinalsBot collaborates with Swarm Markets to engrave the serial numbers of physical gold from the London Brinks vault onto the blockchain through the Bitcoin Ordinals protocol, launching the "Gold on Bitcoin" tokenized gold series. Each token is anchored to the real-time price of one ounce of gold, supports on-chain transactions, and can be redeemed for physical gold through KYC, merging the stability of gold with the liquidity of Crypto Assets, becoming a new focus in the Real-World Assets (RWA) space.

1. Project Background: A Breakthrough Attempt for Gold on-chain

The native Bitcoin platform TRIO was launched in December 2023, focusing on the trading of Ordinals and Runes protocol assets. This time, through collaboration with the compliant DeFi platform Swarm Markets, traditional gold assets are being introduced to the Bitcoin network, utilizing the NFT-like characteristics of the Ordinals protocol to permanently record the serial numbers of physical gold bars in the Brinks vault into the Bitcoin blockchain, achieving digital mapping of ownership.

2. Technical Mechanism: Serial Number Anchoring and On-chain Metadata

Brian Laughlan, co-founder of OrdinalsBot, emphasized that the core of tokenization lies in writing the unique serial number of gold bars into the Ordinals metadata. Each token represents ownership of one ounce of gold, with the price linked to real-time gold prices. Transactions are completed through the Bitcoin network, while physical redemption must go through the Swarm platform for KYC anti-money laundering verification, complying with real-world financial regulatory requirements.

3. Market Positioning: Seizing the Opportunity in the Trillion Dollar RWA Track

Tokenized Gold has become the most active sector in the RWA field. According to data from RWA.xyz, the total value of on-chain RWA protocols currently exceeds 26 billion USD, with significant proportions of gold tokens such as Tether Gold (XAUT) and Pax Gold (PAXG) on the Ethereum chain. This marks the first time the Bitcoin ecosystem has ventured into gold tokenization, aiming to build a new asset standard based on its reputation as "digital gold."

Four, Ecological Expansion: From Small-Scale Testing to Industry Standards

At the initial stage of the project, only 6 one-ounce gold bars were tokenized, but additional issuance is supported based on demand. OrdinalsBot hopes to explore the Ordinals gold inscription standard format through this, promoting more custodial institutions to adopt a unified protocol and achieve cross-chain interoperability and scalable application of gold assets.

V. Symbolic Meaning: The Poetic Fusion of Digital Gold and Physical Gold

Laughlan pointed out that injecting physical gold into the Bitcoin network has both practical and symbolic value. Bitcoin is often referred to as "digital gold," and by carrying the ownership of physical gold through the Ordinals protocol, it not only strengthens its narrative as a store of value but also provides an innovative paradigm for the integration of Crypto Assets and traditional precious metals.

[Conclusion]

The Bitcoin Ordinals gold tokenization project marks a significant advancement in the deep integration of RWA with the Bitcoin ecosystem. By on-chain anchoring of physical assets, compliance redemption mechanisms, and standardized protocol design, it not only provides crypto users with a new choice of inflation-resistant assets but also promotes the penetration of blockchain technology into traditional financial infrastructure. This may lead to a wave of on-chain integration of more precious metals and bulk commodities in the future, further expanding Bitcoin's boundaries as the value internet.