On January 15, HashKey Exchange, Hong Kong's largest* licensed digital asset trading platform under HashKey Holdings Limited (3887.HK), a Hong Kong-listed company, officially launched Tether Gold (XAUt). Professional investors can trade it through the Marketpace over-the-counter trading platform. This marks the first time that gold, a traditional safe-haven asset, has been compliantly traded on a licensed trading platform in Hong Kong.
Tether Gold (XAUt) is a gold token product launched by Tether. Each XAUt corresponds to one troy ounce of gold bar that meets the delivery standards of the London Bullion Market Association (LBMA). Users only need to hold XAUt to own gold in the form of on-chain digital tokens, without facing the inconvenience of physical gold delivery, storage, and circulation. Investors do not need to switch platforms and can directly allocate digital assets as gold through the HashKey OTC mechanism.
Michelle Cheng, Director of the HashKey trading platform, stated, "In traditional investment environments, gold often needs to be allocated through separate accounts or offline channels, making it difficult to manage in a timely manner during market fluctuations. We aim to promote more efficient circulation of RWA assets, represented by gold, in the digital environment. With the launch of XAUt, users can buy, sell, and convert gold just like managing other digital assets. This is a concrete step in our efforts to address the difficulty of gold allocation within a compliant framework."
* As of January 15, 2026, HashKey Exchange is ranked 17th on CoinGecko, making it the highest-ranked licensed virtual asset trading platform in Hong Kong.
