Peter Schiff Launches Tokenized Gold Platform, Spark Trust Debate

Economist Peter Schiff has launched a new tokenized gold platform called Tgold, aiming to enhance the accessibility and liquidity of gold digitally. The platform, supported by Schiff’s neobank, raises questions about trust in digital assets and asset backing as it mirrors traditional finance models. While Schiff argues that tokens backed by tangible assets like gold hold intrinsic value, critics point out that even tokenized gold still requires trust in third-party custodians, similar to stablecoins, highlighting the ongoing tension between centralized control and decentralized ideals.