{ "id": 47612, "date": "2025-09-06T08:54:05", "date_gmt": "2025-09-06T01:54:05", "guid": { "rendered": "https:\/\/hbbgroup.net\/crypto-biz-is-bullion-the-true-digital-gold\/" }, "modified": "2025-09-06T08:54:05", "modified_gmt": "2025-09-06T01:54:05", "slug": "crypto-biz-is-bullion-the-true-digital-gold", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/crypto-biz-is-bullion-the-true-digital-gold\/", "title": { "rendered": "Crypto Biz: Is bullion the true \u2018digital gold\u2019?" }, "content": { "rendered": "
\n

Gold has emerged as one of the best-performing assets of 2025, lifted by geopolitical uncertainty, record central bank buying and skepticism over policymakers\u2019 ability to rein in inflation as fiscal deficits widen.<\/p>\n

While Bitcoin (BTC<\/a>) is often dubbed \u201cdigital gold,\u201d the traditional safe-haven asset is drawing renewed attention from investors. Gold has gained about 35% year-to-date, climbing to fresh all-time highs above $3,600 an ounce.<\/p>\n

US retirement planners have a new way to access the metal through blockchain-based tokenization, following a partnership between Chintai Nexus and SmartGold. The initiative adds momentum to the broader tokenization trend<\/a>, which is attracting increasing institutional interest in digital assets.<\/p>\n

This week\u2019s Crypto Biz explores gold\u2019s rally, the rise of decentralized finance (DeFi) lending and the latest public offering from a crypto company.<\/p>\n

US IRAs gain access to tokenized gold<\/h2>\n

IRA provider SmartGold has partnered with tokenization platform Chintai Nexus<\/a> to allow investors to bring their vaulted gold onchain, where it can be used to earn yield through DeFi lending platforms such as Morpho and Kamino.<\/p>\n

For those opting in, SmartGold\u2019s IRA-held bullion is tokenized on a one-to-one basis via Chintai, creating a digital representation of the underlying physical gold, while preserving the self-directed IRA\u2019s tax-deferred status.<\/p>\n

Gold\u2019s tokenization trend is accelerating. International Precious Metals Bullion Group<\/a> recently introduced tokenized products across its supply chain, while Tether\u2019s gold-backed stablecoin, XAUT, has increased past $1.3 billion in market value.<\/p>\n

DeFi lending surges on real-world asset boom<\/h2>\n

Decentralized finance lending is gaining traction among institutions<\/a>, with the rapid rise of stablecoins and real-world assets (RWAs) driving fresh network activity.<\/p>\n

According to Binance Research, total value locked in DeFi lending protocols has climbed 72% so far this year, to $127 billion from $53 billion.<\/p>\n

\u201cAs stablecoin and tokenized asset adoption accelerates, DeFi lending protocols are increasingly positioned to facilitate institutional participation,\u201d Binance Research noted in a report.<\/p>\n

Tokenized RWAs<\/a> have emerged as one of crypto\u2019s fastest-growing use cases in 2025. Industry data shows<\/a> the market has expanded to nearly $28 billion, led by tokenized private credit and US Treasury bonds, with tokenized equities also gaining ground.<\/p>\n

Source: Binance Research<\/em><\/figcaption><\/figure>\n

Figure Technology eyes $526 million IPO<\/h2>\n

Figure Technology Solutions has become the latest crypto-focused company to pursue a US initial public offering (IPO)<\/a>, aiming to raise up to $526 million at a valuation of more than $4 billion.<\/p>\n

According to regulatory filings, the company plans to sell 21.5 million shares priced between $18 and $20. Figure had previously signaled its intention to go public, and if the deal proceeds as expected, the IPO could be priced as early as Wednesday.<\/p>\n

Figure, best known for offering financial products on the Provenance Blockchain, reported $191 million in revenue during the first half of the year. While the targeted valuation may appear ambitious, the company was valued at $3.2 billion in 2021<\/a>.<\/p>\n

Several crypto companies have recently gone public or indicated plans to do so. As Cointelegraph reported<\/a>, crypto exchange Gemini is pursuing a listing that could raise up to $317 million, while separate reports suggest Kraken is seeking to raise about $500 million<\/a>.<\/p>\n

Gryphon finalizes merger with American Bitcoin<\/h2>\n

Shareholders of Gryphon Digital Mining have approved a merger with American Bitcoin<\/a>, a mining company linked to the family of US President Donald Trump. The combined entity will trade under the ticker symbol \u201cABTC.\u201d<\/p>\n

As part of the deal, a reverse stock split reduced Gryphon\u2019s outstanding shares to about 16.6 million from 82.8 million. The move follows an initial agreement announced in May, when American Bitcoin outlined its intention to go public through a merger with Gryphon.<\/p>\n

American Bitcoin itself is a rebrand of American Data Center<\/a>, launched in March by Trump\u2019s sons, and is affiliated with mining company Hut 8. At its debut, the company described itself as a \u201cpure-play\u201d Bitcoin miner with plans to accumulate significant holdings of the cryptocurrency.<\/p>\n

Crypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.<\/em><\/p>\n