On December 30th, WEEX announced the launch of tokenized gold spot and contract trading, including PAX Gold (PAXG) and Tether Gold (XAUt), all backed 1:1 by physical gold. Additionally, WEEX launched SLVON, a tokenized project tracking the world's largest and most liquid silver ETF, iShares Silver Trust. These tokenized projects track real-world gold and silver prices, support 24/7 trading, and allow users to leverage and trade in both directions using contract pairs to amplify investment returns from recent price movements in the precious metals market.
WEEX stated that the platform plans to launch a precious metals zone in the future and list more precious metal tokens such as Matrixdock Gold (XAUM), Comtech Gold (CGO), and Kinesis Silver (KAG) to meet users' trading needs.
