Ronald Leung’s original, dated commentary is reproduced below. Views, invitations and product references reflect the time of publication; they are not investment advice, an offer, a guarantee of return or confirmation of current availability.
Your gold sits dead in a vault.
Tokenised gold makes it usable again — held digitally, moved instantly, spent on the spot.
But be careful: not all “tokenised gold” is the same.
One is backed by metal you can actually redeem. The other is only a contract — to get value out, someone else first has to buy it from you.
Same label. Different thing underneath. Which one you hold isn’t a branding question — it’s a question of legal structure. Worth opening the statute before you buy either.
Disclosure: Esperanza runs a fund- and asset-tokenisation business.
