Plume has partnered with Matrixdock to leverage XAUm for flexible on-chain gold yields
ChainCatcher news, focusing on the blockchain platform for real-world asset finance (RWAfi), Plume announced that Matrixport's RWA platform Matrixdock will soon launch the gold token XAUm on Plume. Users can use XAUm as collateral, settlement medium, or yield asset within the Plume ecosystem, seamlessly interacting with other digital assets. This move will provide investors with a new on-chain hedging asset option.XAUm is a token fully backed by LBMA standard physical gold, with each XAUm pegged to one troy ounce of physical gold bars. It offers advantages such as transparent auditing, real-time verifiability, and support for physical redemption, providing WEB3 users with a more efficient and secure way to allocate gold.This collaboration enhances the on-chain composability of gold assets, allowing gold assets to be flexibly used as fundamental financial components throughout the RWAfi ecosystem, while also opening up new revenue channels for on-chain gold, accelerating the widespread application of real-world assets in the on-chain financial system.