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Gold backed Ethereum?

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Not sure if this violates the rules as a physical product CAN be involved.

Benefits of Tokenized Gold

Accessibility and Lower Costs: Tokenization democratizes access to gold, making it available to a global customer base 24/7 through fractional ownership on the blockchain. Lower transaction fees resulting from blockchain's efficiency make investing in gold more accessible than ever.

Transparency and Security: Leveraging Ethereum, tokenized gold offers unparalleled transparency and security. Backed by physical gold, transactions are verified and secured by blockchain to ensure integrity and reduce traditional counterparty risks for financial transactions.

Edit: In this case the token being built by Wellfield Technologies and they are working with the Royal Canadian Mint to back the tokens where you can take actually delivery of the physical gold. Integration into the Decentralized Finance Ecosystem: Tokenized gold connects the tangible value of gold with decentralized finance, offering novel financial opportunities and diversification in investment portfolios. This integration transforms gold from an unproductive asset class to a form of capital that benefits from the opportunities on Ethereum.

submitted by /u/crazydrummer15
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