{"id":18945,"date":"2025-03-25T11:31:39","date_gmt":"2025-03-25T11:31:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18945"},"modified":"2025-03-25T11:31:39","modified_gmt":"2025-03-25T11:31:39","slug":"could-tokenized-gold-give-bitcoin-a-boost-nydig-thinks-so","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18945","title":{"rendered":"Could Tokenized Gold Give Bitcoin A Boost? NYDIG Thinks So"},"content":{"rendered":"
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As the planning for the Bitcoin<\/a> Strategic Reserve (SBR) intensifies, a few \u201cbudget-neutral\u201d strategies and approaches are gaining the attention of policymakers.<\/p>\n

As US President Donald Trump noted, the US government can create Bitcoin holdings, provided that it does so using budget-neutral strategies. One approach that has been thrown around lately is the potential use of gold.<\/p>\n

Greg Cipolaro of the New York Digital Investment Group (NYDIG) states that the government can tokenize these assets for transparency. This isn\u2019t the first time the idea of tokenizing gold <\/a>has been floated\u2014a few personalities in the crypto industry, including Elon Musk himself, have suggested the use of blockchain.<\/p>\n

\"\"<\/p>\n

A Growing Movement To Track Gold And Tokenize It On The Blockchain<\/h2>\n

There\u2019s a growing movement within the Trump administration suggesting tracking the country\u2019s gold reserves using blockchain. Cipolaro, NYDIG\u2019s global head of research, floated the idea of using blockchains to track the country\u2019s gold reserves<\/a>, particularly its spending. In a statement on March 21st on its website, Cipolaro argued that \u201cblockchains aren\u2019t that smart\u201d since they offer limited information.<\/p>\n

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NEW: NYDIG, A BITCOIN SUBSIDARY OF ASSET MANAGER STONE RIDGE, SAYS TOKENIZED U.S. GOLD COULD ULTIMATELY BENEFIT $BTC<\/a><\/p>\n

\u2014 The Wolf Of All Streets (@scottmelker) March 24, 2025<\/a><\/p>\n<\/blockquote>\n

He used Bitcoin and its blockchain<\/a> as an example, which doesn\u2019t know the asset\u2019s price in real time. Cipolaro explained that tokenization or tracking of the reserves (on the blockchain) would help the government track its status, including spending. And this system requires trust and coordination, which is absent in Bitcoin.<\/p>\n

Increasing Calls For Gold Reserve Transparency<\/h2>\n

Cipolaro\u2019s suggestions come amid a growing clamor for increased auditing and transparency in the country\u2019s management of gold reserves. Last month, Republican Rand Paul urged Elon Musk to examine the government\u2019s gold bullion holdings, which are currently held at the Fort Knox. According to the US Mint, the Fort Knox facility manages roughly half of the country\u2019s gold reserves.<\/p>\n

<\/p>\n

Currently, the Treasury is tasked with auditing and publishing a report on the country\u2019s gold held at Fort Knox and other locations. However, Trump and DOGE administrator Elon Musk are questioning the current auditing scheme, saying the process \u201cisn\u2019t transparent enough.\u201d<\/p>\n

What To Expect From The Tokenization Of Gold?<\/p>\n

Cipolaro\u2019s report published on NYDIG offered a possible use case and scenario in case gold is tokenized. He used the current reserves as an example, with the Federal Reserves holding over 13 million fine troy ounces of gold. The government, he says, can issue a similar number of tokens, which can be called \u201cUSTG.\u201d Each USTG represents one fine troy ounce of gold held in the country\u2019s reserve.<\/p>\n

Cipolaro explained that if the Treasury acquires some gold, it can add \u201csome number of USTG tokens\u201d to the circulation, which is held in a wallet. Now, if it sells some of these reserves, the government can \u201cburn\u201d the tokens. He added that it\u2019s also possible to move tokens during a sale. If a sale happens, the physical gold can be transported to the purchasing entity.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

As the planning for the Bitcoin Strategic Reserve (SBR) intensifies, a few \u201cbudget-neutral\u201d strategies and approaches are gaining the attention of policymakers. As US President Donald Trump noted, the US government can create Bitcoin holdings, provided that it does so using budget-neutral strategies. One approach that has been thrown around lately is the potential use […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18945","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18945"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18945\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}