GoldDAO Begins Bridging Tokenised Gold from ICP to Base Network

GoldDAO has announced the launch of a bridge that allows users to move tokenised gold from the Internet Computer (ICP) network to Base in under 30 seconds, offering a faster route for those interested in real world assets on chain.

The project claims to be the first decentralised autonomous organisation (DAO) to issue gold backed tokens without the involvement of a bank or traditional custodian. That distinction matters, especially in a space where many gold backed digital assets still rely on centralised intermediaries. GoldDAO says it is offering a different model, one where a DAO, rather than a corporate entity, governs the asset.

While other tokenised gold projects exist, they often depend on banks or institutional trustees to verify and store reserves. GoldDAO is positioning itself as a community led alternative, combining the trust model of decentralised governance with the tangible appeal of gold ownership.

The bridge to Base is part of a broader trend of bringing real world assets into more accessible, lower cost blockchain environments. With Base being Ethereum compatible and designed for efficiency, the move could attract users looking for quicker and cheaper ways to interact with gold backed tokens.

Bridging time, according to the team, is around 26 seconds, a detail aimed at users who are often frustrated by delays when moving assets between chains. The speed is likely helped by the underlying infrastructure on both ICP and Base, which prioritise performance and scalability.

While the long term demand for tokenised gold remains to be seen, the appeal of merging gold’s perceived stability with blockchain’s programmability continues to attract projects. GoldDAO’s approach may stand out by giving the DAO full control over issuance, governance and the mechanics of the asset.

The DAO structure raises its own questions about transparency, accountability and asset verification, all of which will be closely watched by developers, investors and regulators. Still, the team appears focused on delivering a process that cuts out middlemen without compromising speed or control.

GoldDAO’s bridge is now live. More details are expected to follow on how custody, audits and DAO governance will function at scale.


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Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

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