Matrixdock has expanded its tokenized gold product, XAUm, to the Stellar network, marking a significant development in the realm of real-world asset tokenization. The Stellar Development Foundation (SDF) will make a direct investment in XAUm, enhancing its position as a reserve-grade asset for institutional treasury allocations.
XAUm, now among the top four tokenized gold products globally and the largest in Asia, boasts over 88,000 unique on-chain addresses and approximately 730,000 transactions. The expansion will see XAUm integrate with Stellar's DEX liquidity pools and lending markets, and collaborate on launching a dedicated XAUm Deposit Vault, allowing institutional clients to deposit, hold, and earn yield on XAUm.
Matrixdock Expands XAUm Tokenized Gold to Stellar Network
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
