Lim Say Cheong of ComTech Gold: Gold Tokenization and the Future of Real World Assets

Lim Say Cheong is an award-winning concern and integer assets person and Chief Adviser for Digital Assets astatine ComTech Gold, with heavy acquisition crossed planetary superior markets and sovereign advisory. He present focuses connected advancing tokenized gold and real-world assets to alteration transparent, accessible, and globally investable on-chain products. He precocious joined the Bitcoin.com News Podcast to speech astir the technology:

During this occurrence Lim shared his 30-year vocation successful fiscal services, predominantly successful the GCC, and explained that his involvement successful tokenization stemmed from his enactment successful Islamic concern and the request to lick liquidity issues, peculiarly with gold. He views ComTech Gold’s offering arsenic an absorbing intersection of his expertise and the caller question of Real World Asset ( RWA) tokenization.

The treatment rapidly moved to the rationale down tokenizing gold. Despite its 6,000-year past arsenic a trusted store of value, carnal gold is confined, costly to transport, and dilatory to trade, making it hard to integrate into modern integer finance. Tokenization leverages blockchain technology’s speed, transparency, and programmability to harvester with gold’s intrinsic value. This allows gold to beryllium moved, settled, and deployed successful fiscal transactions successful real-time, overcoming its accepted limitations and offering real-time auditability.

A important information of the speech focused connected the peculiar entreaty of tokenized gold for Islamic institutions. Lim explained that gold is considered a ribbawi plus successful Islamic finance, making it taxable to the prohibition of riba (interest/usury). ComTech Gold’s token is structured to lick this by maintaining afloat plus backing to carnal gold, which restores clarity of ownership and possession and avoids interest-based mechanics. The token is afloat Sharia compliant with a fatwa, allowing ComTech Gold to people the Islamic concern space, which Lim sees arsenic a “blue ocean” accidental compared to the crowded accepted market.

For the extremity retail user, Lim outlined respective applicable usage cases that spell beyond elemental savings. These see utilizing tokenized gold arsenic collateral for financing, arsenic lenders are reassured by the backing of physical, audited gold bars stored successful blue-chip vaults. It besides facilitates portfolio diversification for plus managers by allowing fractional worth purchases, which is not imaginable with ample carnal gold bars. Furthermore, the institution is moving connected Sharia-compliant arrangements, akin to staking, that could perchance wage a nett complaint to investors by deploying and renting retired the gold for a return.

On the taxable of marketplace adoption, Lim clarified that liquidity is intrinsically tied to adoption, arsenic much investors entering the marketplace make greater depth. The cardinal infrastructure is successful spot to supply tradability, arsenic fractionalizing the gold barroom into tiny units allows retail investors to easy bargain and merchantability connected crypto exchanges. Geographically, ComTech Gold is planetary but prioritizes jurisdictions with favorable regulatory frameworks, specified arsenic Dubai (UAE), Qatar, and Singapore, and is besides looking astatine Central Asian markets similar Kazakhstan. Lim forecasted that the UAE and yet Saudi Arabia could go ascendant players successful the tokenization space.

Finally, Lim clarified a communal misconception regarding “ gold on-chain,” stressing that ComTech Gold’s process involves tokenizing real, audited gold bars that correspond nonstop integer ownership of the carnal asset, not conscionable digitizing gold prices oregon creating synthetic exposure. This carnal backing is cardinal to convincing some institutions and retail users of the asset’s credibility. Looking ahead, Lim predicted that existent property and fiscal assets similar US Treasury bills and wealth marketplace funds would beryllium the adjacent large markets for RWA tokenization.

To larn much astir the task sojourn ComTechGold.com, and link with Lim Say Cheong connected LinkedIn.

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