The Snapshot of Matrixdock XAUm Gold Token at The End of 2024
A Milestone in Asset Tokenization
As of mid-2024, Standard Chartered projected tokenized assets to reach $30 trillion by 2034, highlighting the transformative potential of this fast-evolving technology. Supporting this vision, RWA.xyz reported a 32% rise in tokenized asset market capitalization in 2024 alone. Excluding stablecoins, the sector's performance was remarkable: tokenized Treasuries surged by 179%, private credit by 40%, and commodities by 5%.
Regulatory advancements in key jurisdictions like the United States, Singapore, Hong Kong, and the Middle East have fueled this growth, attracting significant institutional interest and making 2024 a pivotal year for real-world asset (RWA) tokenization.
Amid this momentum, Matrixdock launched XAUm, its flagship gold token. XAUm is the world’s leading multi-chain gold token, fully backed by 99.99% LBMA-accredited gold, with physical redemption available in Hong Kong and Singapore. By leveraging blockchain transparency and operational efficiency, XAUm redefines gold and introduces a groundbreaking business model that expands the investor base and unlocks unprecedented investment opportunities.
Why Matrixdock Chooses to Tokenize Gold?
The Future of Asset Management is On-Chain
Bitcoin introduced blockchain assets that value derived from a decentralized cryptographic system. Stablecoins revolutionized blockchain-based value transfer, achieving a market capitalization of $174.6 billion as of 2024.
Gold, long celebrated as a safe haven and store of value, is the next frontier for on-chain financial utility. By tokenizing gold, Matrixdock offers a resilient, low-volatility asset that complements cryptocurrencies and stablecoins.
Together, the trilogy —Bitcoin, stablecoins, and tokenized gold—are poised to shape the future of finance by redefining how value is created, stored, and transferred.
Matrixdock Breaking Barriers in Gold Investment
Traditional gold investment has been limited by storage costs, authenticity concerns, and access barriers, making it the domain of institutions and wealthy individuals. Matrixdock envisions a more inclusive future, transforming gold from a static store of value into a multi-functional financial tool compatible with Web3 technologies.
Key Features of XAUm
Physical Gold Backing
Each XAUm token represents one fine troy ounce of 99.99% LBMA-accredited gold, securely stored and insured in Brink's vaults in Singapore and Hong Kong. This ensures the highest standards of quality and trust at the underlying asset level.
Native Mint and Redemption
(Similar to Fiat On-ramp/Off-ramp, we bring gold on blockchains)
XAUm is designed with a multi-chain future in mind. It supports native minting and redemption across multiple blockchains. Users can mint on one chain and redeem on another, reducing cross-chain risks and costs while enhancing user convenience. Additionally, XAUm offers a unique physical redemption feature, enabling users to exchange their tokens for physical bullion stored in Brink's vaults in Singapore and Hong Kong. This feature underscores the importance of Singapore and Hong Kong as premier wealth management and commodity hubs in Asia, providing users with unmatched flexibility and access to high-quality gold.
Multi-Chain Security and Interoperability
Initially launched on Ethereum and BNB Chain, XAUm plans to expand to blockchains like Aptos, Sui and Solana. Matrixdock integrates Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance security, operational efficiency, and risk management, setting a new multi-chain product standard.Yield Generation In the Secondary Market Through DeFi and CeFi
Traditionally a non-yielding asset, gold gains new utility with XAUm’s integration into decentralized (DeFi) and centralized finance (CeFi) platforms to earn income by generating 2-way markets and enhancing market liquidity and depth. Token holders can:Supporting XAUm for borrowing/lending:
Collateralize XAUm to borrow stablecoins on platforms such as Curve, Avalon, Kinza for yield pick-up.
Collateralize Bitcoin to borrow XAUm gold at lower effective borrowing cost than stablecoin loans, through Kinza’s cross-asset pools. The position of borrowed XAUm also can act as a short position to express expected declines in gold prices.
Providing liquidity to earn rewards on Morpho and Pancake Swap.
Enabling secondary market trading in CeFi platforms such as Matrixport App and Bit.com
Enhanced Accessibility for Hundreds of Thousands
XAUm integrates with popular Web3 wallets like Binance Wallet and OKX Web3 Wallet, offering seamless and secure gold investment. Features like MPC (multi-party computation) technology and cross-chain compatibility further enhance user experience, enabling broader participation and financial inclusion.
Conclusion
Matrixdock's XAUm token merges gold’s test of time reliability with blockchain’s innovation, making gold accessible, yield-generating, and multi-functional. By leveraging tokenization, Matrixdock and its partners are democratizing financial tools, empowering individuals to protect their wealth and achieve financial independence.