Gold

PAX Gold

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<div class="key-points-section">
 <b>Key Points:</b>
 <ul>
  <li>CZ criticizes trust in gold tokenization amid new product launch.</li>
  <li>Schiff's pivot hints at growing mainstream blockchain traction.</li>
  <li>Crypto community remains skeptical about custody risks.</li>
 </ul>
</div>
<p>On October 23, Changpeng Zhao addressed gold tokenization's limited adoption while Peter Schiff pivoted towards launching a blockchain-based gold tokenization product, highlighting ongoing trust issues in the crypto space.</p>
<p>The announcement underscores the challenges of bridging traditional and digital assets, with market responses indicating skepticism over custodially reliant tokens.</p>
<h2 id="influential-figures-debate-tokenized-gold-trust-issues">Influential Figures Debate Tokenized Gold Trust Issues</h2>
<p>On October 23rd, CZ and Peter Schiff made headlines with contrasting views on gold tokenization. <strong>CZ, ex-Binance CEO</strong>, labeled these tokens as a "<a href="https://coinfomania.com/binance-founder-cz-calls-tokenized-gold-a-trust-me-bro-asset/" rel="noopener noreferrer nofollow">trust me bro</a>" scheme, while Schiff launched a new gold-backed token offering. Both figures are well-known in their fields, drawing significant public engagement. Schiff's entry into blockchain projects underscores a shift from his previous skepticism. Despite his past criticisms of digital currencies, Schiff has announced a gold tokenization product, indicating confidence in blockchain's potential for digital gold transactions. The product promises vault-stored gold accessible via a mobile app.</p>
<p>This announcement raises discussions on trust in blockchain vs traditional asset management. <strong>Gold tokens</strong> require reliance on custodians, drawing critiques from crypto purists like CZ. Such initiatives have struggled historically due to ongoing reliance on intermediaries. The <strong><a href="https://coincu.com/news/hong-kong-gold-tokenization-push/" rel="noopener noreferrer nofollow">crypto community's</a></strong> reactions varied, with some supporting blockchain's utilitarian adoption, while others question the genuine shift in custody solutions. <strong>Schiff's move</strong> mirrors a greater acceptance of digital solutions, though critics remain wary given past issues.</p>
<p><strong>CZ's comments</strong> highlight skepticism within crypto circles, emphasizing the enduring need for intermediary trust in such offerings. <strong>Schiff's announcement</strong> sparked mixed reactions; some see it as ironic validation of blockchain by a critic. Despite this, no apparent market shifts in BTC or ETH resulted. <strong><a href="https://coincu.com/analysis/ethereum-eye-new-ath-with-4880-breakout/" rel="noopener noreferrer nofollow">Crypto analysts</a></strong> note the shift from traditional finance to blockchain elements indicates growing sectoral respect for blockchain technology, as observed in influencer and community discourse.</p>
<h2 id="gold-tokens-lag-amid-trust-and-custodial-concerns">Gold Tokens Lag Amid Trust and Custodial Concerns</h2>
<p style="background-color: #222222; color: #ffffff; padding: 10px; border-radius: 5px;"><strong>Did you know?</strong> Tokenized gold products like PAXG, XAUT, and DGX have struggled to achieve mainstream adoption due to reliance on custodial trust, contrasting with Bitcoin's decentralized, trustless appeal.</p>
<p>PAX Gold (PAXG), trading at $4,117.25, holds a market cap of $1.36 billion, according to CoinMarketCap. With a circulating supply of 330,979.15, the 24-hour volume saw a decline of 27.01%, impacting its dominance at 0.04%. Recent price changes show a 30-day increase of 9.34%, while experiencing a 0.87% decrease in the last 24 hours.</p>
<figure class="wp-block-image aligncenter size-large">
 <a href="https://coincu.com/wp-content/uploads/2025/10/PAX-Gold-daily-chart-on-0731-UTC-on-October-23-2025file.jpeg" rel="noopener noreferrer nofollow"> <img src="https://coincu.com/wp-content/uploads/2025/10/PAX-Gold-daily-chart-on-0731-UTC-on-October-23-2025file.jpeg" alt="pax-gold-daily-chart-12"> </a>
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  PAX Gold(PAXG), daily chart, screenshot on CoinMarketCap at 07:31 UTC on October 23, 2025. <em>Source: <a href="https://coinmarketcap.com/currencies/pax-gold/" target="_blank" rel="noopener noreferrer">CoinMarketCap</a></em>
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<p>According to the Coincu research team, <strong>continued custody reliance</strong> is a concern, with <strong>market trends</strong> showing gold tokens lag in adoption due to these trust factors. <strong><a href="https://coincu.com/markets/spot-gold-high-fed-speculation/" rel="noopener noreferrer nofollow">Blockchain's trustless features</a></strong> remain preferred for decentralized assets, challenging such custodial products. <strong>Future regulatory developments</strong> could shape trust dynamics in tokenized assets, emphasizing a need for stricter industry oversight.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/uncategorized/peter-schiff-gold-tokenization-blockchain/" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Peter Schiff's Gold Tokenization Signals Blockchain Embrace

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