In my native country of South Africa, our local currency is known as the Rand, we were previously on the British Pound, as my Gran often reminds me and since we've moved over to our own currency it's been a rapid decline in value since 1961 when it was launched.
To give people an option to get out of debasement, gold has always been popular but as it's weight limitation kept increasing in Rand terms, it continued to price people out of buying one. Then we got
Krugarrands which is a gold or silver coin people could purchase to hold value.
It's been reasonably popular as an investment and a downpayment for "labola" and other family savings mechanisms that don't require third-party custody.
But as these coins start to increase in price and wages are flat, people are starting to be priced out of this range too and now companies are looking to tokenise the krugarrand so you can buy small portions of it and once you reach a whole one you could swap the tokens for self custody
Now any bitcoiner can see a backed token has its issues and tokenising it doesn't remove 3rd party risk, but my thinking is aren't these convoluted products all trying to re-invent what the satoshi is already servicing?
Fractional wealth?