Which tangible assets are commonly used to back digital tokens?

3 answers

• Andrews AyalaApr 20, 2024 · a year ago
  One common example of a tangible asset used to back digital tokens is gold. Gold-backed tokens are created by linking the value of the token to the price of gold. This provides stability and a tangible asset to back the digital token. Other examples of tangible assets used to back digital tokens include real estate, precious metals, and commodities like oil and gas.
  368

  184
• Bowers DamgaardMar 24, 2022 · 3 years ago
  Tangible assets such as real estate and precious metals are often used to back digital tokens. By linking the value of the token to the value of these assets, issuers can provide investors with a sense of security and stability. This can be particularly important in the volatile world of cryptocurrency, where trust and stability are often lacking.
  349

  117
• KoKi SaiToSep 16, 2022 · 3 years ago
  At BYDFi, we believe in the power of tangible assets to back digital tokens. We have seen great success in using real estate and precious metals as collateral for our tokens. This provides our investors with a tangible asset that they can rely on, and helps to build trust in our platform. Tangible assets are an important part of the future of digital tokens.
  360

  90