Is tokenized silver actually solving a real problem?

Been reading more about tokenized silver lately and came across SilverTimes.

The idea makes sense on paper
➛ easier access to silver exposure
➛ no direct storage issues
➛ on-chain transferability

But once you look deeper, most models become more complex than simply putting silver on blockchain.
SilverTimes, for example, combines physical silver, futures exposure and treasury/cash components.
So now I’m wondering if tokenized silver is really simplifying ownership, or just replacing physical complexity with financial structure.
Curious how others see it.