Gold Tokenization via CGO: ComTech Gold’s RWA Plan on XDC Network

In an interview, Lim Say Cheong of ComTech Gold outlined how gold tokenization can expand Real World Assets (RWA) adoption. ComTech Gold issues CGO, a token backed by 100% physical gold, built on the XDC Network. The rationale is practical: physical gold is hard to move, costly to transport, and slow to trade. Gold tokenization uses blockchain speed, transparency and programmability to enable real-time settlement and auditability, while preserving direct ownership of audited gold bars—rather than synthetic exposure. A major focus is Islamic finance. Lim said gold is a ribbawi asset and faces riba (interest/usury) restrictions. ComTech Gold structures CGO with full backing and a Sharia fatwa to target Islamic institutions, which Lim calls a “blue ocean” versus crowded conventional markets. For retail users and asset managers, tokenized gold enables collateral use, easier fractional buying and selling on exchanges, and potential Sharia-compliant profit mechanisms that resemble staking concepts (via renting out/deploying gold for returns). On adoption, Lim linked liquidity to participation: fractionalization should improve market depth and tradability. Geographically, ComTech Gold prioritises Dubai (UAE), Qatar and Singapore, with interest in Central Asia (e.g., Kazakhstan), and he expects the UAE—and eventually Saudi Arabia—to lead. He also suggested the next RWA wave could include real estate and instruments like US Treasuries and money market funds. Overall, the interview positions gold tokenization as a credibility-driven RWA pathway for both institutions and retail investors.