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Protecting the system vault is vital to the system, and improved processes must be put in place to offer database integrity and physical security. [ 5 ] The tokenization system must be secured and validated using security best practices [ 6 ] applicable to sensitive data protection, secure storage, audit, authentication and authorization.
Historically, vaulted gold was primarily offered by wealthy private banks, e.g., Swiss private banks, in the form of gold accounts. However, new providers—including both banks and non-banks (e.g., precious metals traders)—have started to offer vaulted gold or savings plans based on vaulted gold to private investors in the late 20th century.