Hassan Maishera
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.
