Besides Digix Gold tokens on the ETH blockchain, what other gold-backed tokens are legitimate on the crypto/Blockchain space? I've stumbled across many in the past, only to be a complete scam. Regulation is necessary here in order to provide investors with legitimate tokens that are backed by Gold powered by Blockchain technology. If renowned companies start offering Gold services on the Blockchain, it would've been truly revolutionary.
I don't see anything revolutionary about it, it's just a custodian that holds your gold, and crypto exists to remove the middleman, so bringing them back just defeats the purpose of crypto. We already see how companies that manage stablecoins demand KYC from certain users and block accounts, if a big company was managing gold-backed tokens, they would be doing exactly the same. You are saying that regulation is necessary, but regulation would make this gold-backed token no different from traditional ownership of gold. Blockchain doesn't magically make everything decentralized or secure, every other aspect of the system must be decentralized too.