Swarm Markets Tokenizes 1 Ounce Gold Bars on Bitcoin Blockchain for First Time

Oct 17, 2024, 06:50 AM

Swarm Markets has launched a groundbreaking initiative by tokenizing 1 ounce physical gold bars on the Bitcoin blockchain. Partnering with OrdinalsBot, they have utilized the Ordinals Protocol to inscribe gold bars into unique NFTs. This allows owners of these inscriptions to redeem them for real gold bars at any time. This development, marking the first time gold has been tokenized on Bitcoin, positions Bitcoin as a true 'digital gold', enhancing its utility and value proposition in the digital asset space.