ChainCatcher reported that Matrixdock, an RWA platform under the one-stop crypto financial platform Matrixport, officially announced the launch of the on-chain gold token XAUm. XAUm is a high-standard, innovative gold token, fully backed by LBMA (London Bullion Market Association) specifications physical gold bars with a purity of no less than 99.99%. Each XAUm token is anchored to one troy ounce of LBMA physical gold bars.
XAUm supports native deployment and unified management on ETH and BNB chains, meeting the application needs of different forms of rights and interests and Dapps. XAUm currently supports USDC and USDT transactions, charging 0.25% minting fee and redemption fee, exempting the storage fee and management fee of traditional gold custody. At the same time, users enjoy the redemption rights of physical gold. Matrixdock has opened physical gold redemption services in Hong Kong and Singapore.
