XAU₮ is a digital token backed by physical gold. By putting gold on Blockchain we unlock a variety of characteristics that typically only crypto assets possess.
Central banks tell the public that inflation is under control while quietly buying physical gold at record speeds.
Over the last two years, global central banks have accumulated over 1,000 tonnes of net gold per year, the highest rate of official hoarding in modern history.
Why? Because paper currencies carry counterparty risk, inflation erosion, and debt default risk. Physical gold carries zero.