Matrixdock launches the gold token XAUm, promoting the on-chain process of diverse real-world assets

2024-09-16 11:21:00

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ChainCatcher news, the one-stop crypto financial platform Matrixport's RWA platform Matrixdock officially announces the launch of the on-chain gold token XAUm. XAUm is a high-standard, innovative gold token fully backed by physical gold bars with a purity of no less than 99.99% according to LBMA (London Bullion Market Association) standards, with each XAUm token anchored to one troy ounce of LBMA physical gold bars.

XAUm supports native deployment and unified management on the ETH and BNB chains, meeting the application needs of different forms of rights and Dapps. XAUm currently supports trading with USDC and USDT, charging a 0.25% minting fee and redemption fee, while exempting traditional gold storage and management fees. At the same time, users enjoy the right to redeem physical gold, and Matrixdock has launched physical gold redemption services in Hong Kong and Singapore.

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Matrixdock XAUm RWA platform

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