Gold Arrives on 'Digital Gold' as Bitcoin Gets Tokenized Version of the Metal
Summary
Swarm Markets, a platform regulated by Germany's BaFin, is enabling the minting and trading of physical gold on the Bitcoin blockchain using the Ordinals protocol. This initiative, in partnership with OrdinalsBot, will allow investment in gold bars by inscribing satoshis with unique gold kilobar serial numbers. Gold will be the first real-world asset available on Trio, a marketplace by OrdinalsBot launching by year-end. Ordinals inscribe data on satoshis, similar to NFTs. Bitcoin, often likened to gold for its finite supply, showed less performance compared to gold during recent economic concerns. Swarm's service allows holding both real and digital gold on one blockchain.
