Alex Mashinsky – the CEO of DeFi platform Celsius – has reportedly disclosed details of the initiative for listings of tokenized commodities, following the release of the Tether Gold facilitating feature. 

Specifically, the executive officer reportedly referred the feature to a means of connection for users, into the fiat currency into non-correlated and decentralized assets.

“For the first time in history, gold is earning interest in gold. Every week we give you a small nugget of gold on top of the gold you already own, in gold. That’s never existed in history. Every time you bought gold, you had expenses, you had storage fees and insurance fees, or funds fee – fee, upon fee, upon fee. We have a positive yield of three or four percent per year.” Mashinsky further explained. 

Adding gold into its supporting pipeline, Machinsky reportedly revealed that Celsius will be offering facilitation for a stable a non-correlated asset, establishing a transitional phase for users, who are not fully ready to jump into crypto but is looking for ways to steer away from fiat and non-correlated non-correlated assets.

For future plans, Celsius further looks to release supporting features for other tokenized non-correlated assets and commodities.

“Maybe even older folks may join just because they want gold. They might never touch the Bitcoin side of it, but, if you have all the options, then you really expand the community and all these people are in the digital assets market.” Mashinsky reportedly remarked.