CandleFocus Cardano Onboards Gold as It Welcomes First Ever $150,000 in Tokenized Gold
2024-10-02
Author: Content Editor
German-based tokenization platform Finest has launched tokenized gold on the Cardano network. The assets are now live on Cardano with an initial cap of $150,000 and are represented by the fGLD token. Users can redeem the token for physical gold, with each tokenized gold asset having a physical counterpart stored in Germany. Finest also allows users to buy tokenized granites on the Cardano network. However, the Cardano network lags behind Ethereum, Stellar, and Solana in terms of tokenized real-world assets. Users can acquire the fGLD token on the Finest platform using ADA, USDC, or credit cards, though payments in USDC involve bridging to the Polygon blockchain.
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