Tokenization platform Finest has announced that tokenized assets, including precious metals like gold, are now available on the Cardano network. The token for Cardano's native token will be fGLD, which allows users to store precious metals in digital form. Market participants can exchange the fGLD token for physical gold, increasing its credibility. Finest also allows users to buy tokenized granite. However, despite a recent partnership with EMURGO to launch tokenized gold on the blockchain, Cardano's tokenized RWA presence lags behind Ethereum, Stellar, and Solana. Users can purchase fGLD tokens on the Finest platform using ADA, USDC, or credit cards. However, paying in USDC will redirect users to the Polygon blockchain for payment due to the lack of stablecoins with sufficient liquidity on Cardano.
- Content Editor ( cryptonews.net )
- 2024-10-02
German Real-World Asset Tokenization (RWA) Platform Finest Launches Tokenized Gold on Cardano