Fasset brings tokenized gold ownership to Pakistan

From ancient agricultural societies to contemporary modern ones, gold has been revered as one of the most valuable commodities in human history that has symbolized wealth, power, and stability. Across cultures, civilizations and eons, this yellow metal has been used for a diverse range of purposes from building tombs for emperors, serving as a means of exchange, developing alluring ornaments or simply accumulating savings in the form of bars. 

The unique characteristics of gold along with its historical significance, and uniform fondness across cultures led to the establishment of the Gold Standard, which played a pivotal role in the expansion of  international trade for a significant period until 1971, when the fiat monetary system was introduced after the NIxon Shock, which suspended the convertibility of US dollars into gold.