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Matrixdock Officially Launches Gold Token, XAUm

Written by Matrixport Official

Updated at September 17th, 2024

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Dear Matrixport Users,

Matrixdock, a digital assets platform that provides access to real-world assets ("RWA") through tokenization and a brand wholly-owned by Matrixport, is excited to announce the official launch of its on-chain gold token, XAUm, on September 16th.

Launch Date: September 16, 2024 

Supported Tokens: USDT, USDC 

Minimum Investment: 32.148 XAUm (1KG Gold)

Following the successful launch of STBT, XAUm marks another significant milestone for Matrixdock in RWA tokenization, ushering in a new era of precious metals on the blockchain.

About XAUm

XAUm is a high-standard, innovative gold token backed by physical gold bars with a purity of at least 99.99% and conforming to LBMA* standards. Each XAUm token represents one troy ounce of LBMA physical gold, seamlessly blending the physical gold with the flexibility and efficiency of digital assets. 

Matrixdock has partnered with leading LBMA brokers and refiners, such as Heraeus and Point Gold to procure LBMA physical gold. These are securely stored in tax-free zones by LBMA-certified custodian. Matrixdock has established an ecosystem that ensures secure storage, high-quality standards, and efficient circulation of gold assets

*LBMA is the London Bullion Market Association, the international trade association representing the global OTC bullion market.

Advantages and Innovations of XAUm

  • Flexibility and Convenience: Users can purchase XAUm using USDT or USDC and enjoy seamless on-chain transfers and redemptions.
  • Physical Redemption: Users have the right to redeem XAUm for physical gold. Matrixdock now offers physical gold redemption services in Hong Kong and Singapore.
  • Low Fee Structure: Eliminate the traditional hassles of storage and management fees, with only a 0.25% minting and redemption fee.
  • Multiple Use Cases: Adhering to both ERC-20 and ERC-721 standards, XAUm meets the needs of diverse crypto assets and Dapps.
  • Cross-Chain Interoperability: XAUm enables both native deployment and unified management across Ethereum and BNB chains.

About Matrixdock

Founded in February 2023 by Matrixport, Matrixdock is a premier platform that offers access to high-quality Real World Assets (RWA) through advanced tokenization technology. As the first in Asia to introduce a tokenized short-term treasury bill product, STBT, Matrixdock has rapidly emerged as an industry leader, earning the Ecosystem Excellence TADS Award in 2023 for Trading & Liquidity Solutions.

Matrixdock is dedicated to becoming the gateway for clients seeking top-tier RWA investments. With a steadfast focus on building a trusted and secure RWA ecosystem for crypto, Matrixdock provides diversified investment opportunities while setting new standards for trust and governance in the digital asset space.

Disclaimer: The above content is for informational purposes and reference only. The content does not constitute investment advice. Digital asset transactions can be precarious and volatile. Investment decisions should be made after carefully considering individual circumstances and consulting financial professionals. Matrixport is not responsible for any investment decisions based on the information provided in this content.

 

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