Tokenized Gold Now Live on Sui

robot
Abstract generation in progress

On Friday, the Sui Foundation announced via X that Matrixdock’s flagship XAUm asset natively launches on Sui as RWA use cases continue to expand. The physically redeemable gold token can now be issued natively on Sui.

XAUm is backed 1:1 by London Bullion Market Association (LBMA)-accredited gold of 99.99% purity, and undergoes full audits by Bureau Veritas. XAUm enables users to hold, trade, lend, and redeem institutional-grade physical gold, combining the stability of a time-tested asset with the speed, transparency, and utility of blockchain technology. Matrixdock’s integration with Sui brings XAUm into a composable DeFi environment that supports seamless utility across lending, trading, and collateralization.

DeFi protocols on Sui are expected to integrate XAUm for a variety of features, including trading, lending, wallet support, and more.

Sui is a Layer 1 blockchain designed to provide top-notch developer and user experiences backed by robust technological foundations. SUI is down 2.58% in the last 24 hours, trading at $3.6285 per coin.

SUI0.29%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)