Hassan Maishera
On Thursday, the Sui Foundation announced via a blog post that Matrixdock, Asia’s leading RWA tokenization platform under Matrixport Group, today deployed XAUm on Sui.
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.
XAUm is accessible across the Sui ecosystem as both a store of value and a source of liquidity. 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 4.5% in the last 24 hours, trading at $1.36 per coin.
