Binance co-founder and former CEO Changpeng “CZ” Zhao dismissed crypto critic Peter Schiff’s plan to launch a tokenized gold product, calling it a “trust me bro” asset.
In a Thursday post on X, CZ said tokenized gold is not onchain gold, but a promise dependent on third-party custody. “It’s tokenizing that you trust some third party will give you gold at some later date… even after their management changes, maybe decades later, during a war,” he wrote.
CZ’s comments came…
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