I have a "simple" 24VAC temperature controlled soldering iron with the electronics in the handle, had it for the best part of 30 years.
The "base station" is simply an IEC inlet plug, fuse+holder, 24V transformer, and a connector for the soldering iron.
The "ground" connection on the iron is connected to the incoming mains earth by a 1M (that's one megaohm) resistor in the "base station", the only reason there's an earth connection is to avoid any ESD zapping, and the resistor is there to drop any discharge current to a minimum. (the metal case of the box+transformer frame is directly connected to the mains earth.