Matrixport Launches XAUm Gold-Backed Token

According to Odaily, Matrixport's RWA platform, Matrixdock, has officially launched the XAUm on-chain gold token. XAUm is an innovative, high-standard gold token fully backed by LBMA (London Bullion Market Association) standard physical gold bars with a purity of no less than 99.99%. Each XAUm token is pegged to one troy ounce of LBMA physical gold bars. XAUm supports native deployment and unified management on both the ETH and BNB chains, catering to various equity forms and Dapp application needs. Currently, XAUm supports trading with USDC and USDT, charging a 0.25% minting and redemption fee, while eliminating traditional storage and management fees associated with gold custody. Additionally, users have the right to redeem physical gold, with Matrixdock offering physical gold redemption services in Hong Kong and Singapore.