The NYFed’s primary dealers and their ilk want to tokenize all asset classes so they remain in a top, untouchable tier of shareholders that takes no risk and always gets paid.
pic related: JPMC is JPM, the largest owner of the NYFed private franchise
The NYFed-ilk BlackRock and Citadel have just opened a new exchange in Texas, where there are no capital gains on metals.
So, they are likely looking to have some con that involves switching from one asset class token to another (from treasuries tokens to MBS tokens to metals tokens) via blockchain asset tokens, then leaving with their gold assets with no capital gains.
These asset tokens would also allow fractional ownership, so they can fleece even the poorest investor.

Central banks are now acquiring gold to back their own currencies, NOT to convert from gold to digital, but to give them a seat at the NYFed/BIS/IMF TOKENIZED ASSET table
the global pie is getting bigger for these classists, as they sell each of their own nation's future