Deep Tide TechFlow News, May 23 — a16z crypto states that the tokenization of bulk commodities is currently almost entirely composed of gold. They point out that gold is suitable for tokenization because of its global liquidity, standardized features, and the fact that it has long been tracked through paper certificates. a16z crypto also says that crypto investors are not unfamiliar with this model; Bitcoin has been called "digital gold" even before the rise of tokenized gold. Among them, XAUt and PAXG transfer traditional gold ownership models onto the blockchain, converting gold holdings in vaults into on-chain tokens stored in wallets. In comparison, tokenization of oil, crops, energy, and computing power is still in earlier stages, with a smaller market share.

GLDX-2.53%
XAUT-0.23%
PAXG-0.15%
BTC-1.62%
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