The Future of Tokenization of Real-world Assets With Comtech-Digital Gold (CGO)
Nowadays, Gold and silver are being accepted as tokenized real-world assets by blockchain-based platforms. Blockchain-based digitization has taken currencies online, allowing us to make payments and transfer funds without ever touching them.
Because of inflation, the value of any currency will not be the same after five years. As a result, finding the correct investing strategy to protect against inflation is critical.
Gold, for example, has long been regarded as a buffer against inflation, and many people consider it an alternative currency.
As an investment, gold is a reliable and secure asset. There have been several revolutions in global markets, especially digital assets, as the digital world has progressed.
However, because currencies are constantly prone to inflation, long-term investments frequently turn out to be far less than what the investor anticipated. Real-world assets are being tokenized.
Tokenized real-world assets are asset classes like real estate, classic automobiles, watches, or gold, silver, and diamond that may be integrated into blockchain systems to allow investors to invest in them simply.
Recently, the COMTECH FZCO launched the First UAE-based Shariah Compliant Gold Token ($ CGO) on XinFin’s XDC Network to buy and sell 99.99% pure digital gold online through crypto exchanges. The Comtech Gold (CGO) represents one pure gram of gold and it is based in the Dubai Airport Free Zone (DAFZA), which is known as the largest hub for gold merchants and already has eco-system facilities such as custodians (like Transguard), supply chains, direct access to the airport, and customs clearance.
The COMTECH Gold Token ($CGO) is backed by actual gold that is instantly recognizable and separated. Each gold purchase and sale will result in the actual delivery of Tokens from the Seller to the Buyer, ensuring Shariah compliance. CGO token is already listed with bitrue.com exchange (Pair CGO:USDT) and many gold traders and jewelry makers started accepting CGO token.
Because of blockchain technology, all of this is feasible. According to a study done by the World Economic Forum, blockchain infrastructure would control 10% of global GDP by 2027, since several digital assets coexist on the same financial platform.