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The essence of tokenized gold lies in its ability to represent actual physical gold held in secure vaults. Tokenization platforms, like Paxos, issue digital tokens that are fully backed by allocated gold. For instance, Pax G, a token from Paxos, represents an ounce of gold stored and inspected by trusted custodians. Monthly attestations from reputable audit firms, such as KPMG, bolster trust in the system, ensuring that each token genuinely corresponds to its physical counterpart.