Article Summary

**Binance Founder CZ Challenges Peter Schiff on Gold Tokenization Claims** Changpeng "CZ" Zhao, founder of leading cryptocurrency exchange Binance, has publicly countered renowned Bitcoin critic Peter Schiff regarding gold tokenization misconceptions. The crypto industry leader emphasized that tokenizing gold fundamentally differs from creating true "on-chain gold," a distinction he believes most cryptocurrency professionals understand. This latest exchange highlights ongoing debates between traditional finance advocates and blockchain technology supporters about digital asset representation. Schiff, a vocal gold proponent and Bitcoin skeptic, has frequently criticized cryptocurrency markets, while CZ represents the DeFi and digital asset ecosystem's perspective. The discussion underscores broader market implications for tokenized assets and blockchain-based precious metals trading. As institutional adoption of cryptocurrency continues growing, understanding the technical differences between tokenized representations and native blockchain assets becomes crucial for investors. CZ's clarification comes amid increased interest in commodity tokenization and hybrid financial products bridging traditional assets with decentralized finance protocols. This debate may influence how regulators and investors perceive tokenized gold products versus direct cryptocurrency investments like Bitcoin and Ethereum.