Gold Tokenization: Will It Be an Alternative to Bitcoin?

The CEO of DMCC, Ahmed Bin Sulayem, expressed the view that Bitcoin, one of the most notable cryptocurrencies recently, does not reflect real-world assets. From this perspective, he stated that innovative and digital methods for tokenizing established value assets like gold should be explored.

Bin Sulayem emphasized that DMCC hosts 26,000 member companies from 180 countries worldwide, and this extensive network has the potential to support the idea of tokenizing gold. While cryptocurrencies open new horizons in the traditional finance world, DMCC aims to benefit from these innovations and integrate them into the gold sector.

Speaking at the "Opportunities in Business and Trade in the United Arab Emirates (UAE) Seminar" held at the Istanbul Chamber of Commerce, Bin Sulayem pointed out that the idea of tokenizing gold could play a significant role in investors' portfolio diversification strategies. This would enable a wider range of investors to access gold assets. This process has the potential to attract both traditional investors and the new generation of digital investors.

Bin Sulayem also stated that efforts to digitize gold in international markets need to accelerate and that these innovations present significant opportunities not only for financial systems but also for trade. Tokenizing gold could potentially position it as a secure and liquid investment vehicle while providing an opportunity to minimize the risks associated with the volatile nature of digital assets like Bitcoin.

As efforts to tokenize gold move forward, led by organizations such as DMCC and the Gold Council, the impacts of market dynamics and technological developments on this process are being closely monitored. Ahmed Bin Sulayem predicts that his work in this area could lead to a transformation in the financial services sector and aims to be a pioneer in this process.