Tokenized silver is either financial innovation or a "packaging upgrade"?

To be honest:
Tokenized silver has not changed the physical properties of silver, nor has it eliminated macro constraints.
What truly changes is the trading experience.
The value of on-chain silver tokens ultimately depends on three things:
1️⃣ Is there real silver reserve?
2️⃣ Is custody and auditing transparent?
3️⃣ Is the redemption mechanism feasible?
If any of these three points are lacking, then the so-called "tokenization" is more like price anchoring rather than asset mapping.
This is also why I have always been cautious about such projects:
First look at the structure, then look at the story.
But undeniably, once this mechanism runs smoothly, it will indeed change the flow of some funds—especially those users who wouldn’t normally touch physical silver or find traditional channels cumbersome.
So rather than debating whether it is a "revolution," it’s better to admit:
It is an efficiency-enhancing innovation rather than a value re-evaluation innovation. #代币化白银热潮