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What is Matrixdock Gold (XAUM)?

Quick Facts

  • Issuer: Matrixdock, wholly owned by Matrixport
  • Backing: 1 XAUM = 1 fine troy ounce of LBMA-certified gold
  • Gold purity: Minimum 99.99%, sourced from leading refiners
  • Custodian: Brink's vaults in Singapore and Hong Kong
  • Blockchains: Ethereum (ERC-20) and BNB Smart Chain (BEP-20)
  • Auditor: Independent physical audits by Bureau Veritas
  • Launched: 2024

Introduction

Matrixdock Gold (XAUM) is a tokenized real-world asset (RWA) that brings physical gold onto the blockchain. Each XAUM token is backed 1:1 by one fine troy ounce of investment-grade gold, certified by the London Bullion Market Association (LBMA).

The project is designed to combine the time-tested stability of gold with the speed, transparency, and composability of modern blockchain infrastructure.

History & Background

XAUM was launched in 2024 by Matrixdock, a Singapore-based digital assets platform focused on tokenizing real-world assets. Matrixdock is a brand wholly owned by Matrixport, a prominent Asia-based crypto financial services company.

XAUM followed the earlier success of Matrixdock's tokenized U.S. Treasury product (STBT), marking another milestone in the platform's RWA tokenization roadmap.

How Matrixdock Gold Works

Each XAUM token is dynamically allocated to a physical gold bar. Holders can verify their allocation in real time through on-chain data. For users who want a fixed claim on a specific bar, XAUM tokens can be 'packed' into a Matrixdock Gold NFT, converting fungible tokens into a non-fungible representation of a particular bar.

The underlying gold is sourced from LBMA-approved refiners such as Heraeus and Point Gold, then stored in tax-free zones by Brink's, a global leader in secure vaulting. On-chain proof-of-reserves and independent physical audits by Bureau Veritas ensure that the token supply always matches verified physical holdings.

Token issuance is managed by Matrix Mining Limited, a special-purpose entity set up under a trust structure that isolates the gold holdings from Matrixdock's own balance sheet.

Tokenomics

The XAUM token supply is elastic by design — new tokens are minted only when equivalent gold is deposited into the vaults, and tokens are burned upon redemption. This tight link between on-chain supply and off-chain gold reserves is enforced by a proof-of-reserves framework and mint budget safeguards across chains.

Users can purchase XAUM using USDT or USDC and redeem tokens for physical gold delivery from vaults in Hong Kong or Singapore.

Circulating Supply ? 10,975 XAUM
Reserved supply ? 0.00000 XAUM
Burned
0x0000000000000000000000000000000000000001
0.00000 XAUM
Total supply ? 10,975 XAUM
Max supply ? -- XAUM
Updated 13h ago

Ecosystem & Use Cases

XAUM is built as a composable building block for both permissionless DeFi and permissioned institutional finance. It is integrated with decentralized exchanges (DEXs) like PancakeSwap and centralized exchanges like KuCoin.

Beyond trading, XAUM enables structured financing solutions originated by traditional finance institutions, unlocking yield opportunities and capital efficiency that are not possible with physical gold alone.

Team, Governance & Community

Matrixdock is headquartered in Singapore and operates as part of the Matrixport group. The team focuses on building compliant, high-quality RWA infrastructure for institutional and retail investors alike. Governance around gold procurement and custody standards follows LBMA guidelines, supported by third-party audits and vault statements.

Advantages

  • 1:1 physical backing by LBMA-certified gold bars with 99.99% purity
  • On-chain proof-of-reserves and independent Bureau Veritas audits provide strong transparency
  • Physical redemption available from Singapore and Hong Kong vaults
  • DeFi composability allows XAUM to be used across lending, DEXs, and structured products
  • NFT wrapper enables fixed allocation to specific gold bars for direct ownership
  • Brink's custody in tax-free zones reduces counterparty and storage risk

Risks & Challenges

  • Custodial risk: Gold held in third-party vaults; operational risk remains if custodians face issues
  • Regulatory risk: Cross-border tokenized commodity regulations vary and may tighten
  • Gold price volatility: Unlike stablecoins, XAUM price tracks the global gold price and can fall
  • Access restrictions: KYC requirements and jurisdictional limits may restrict some users from minting or redeeming
  • Smart contract risk: As with any on-chain asset, code vulnerabilities are a potential concern

Long-Term Vision

Matrixdock aims to establish XAUM as Asia's most trusted gold infrastructure, bridging traditional bullion markets and blockchain finance. The broader vision includes expanding tokenization to other precious metals and real-world assets, creating a diversified on-chain reserve layer that serves both DeFi protocols and institutional capital markets.

Frequently Asked Questions

Each XAUM token is backed 1:1 by one fine troy ounce of LBMA-certified physical gold with a purity of at least 99.99%. The gold is stored in Brink's vaults in Singapore and Hong Kong.

XAUM is issued by Matrix Mining Limited, a special-purpose entity established under a trust structure by Matrixdock, a Singapore-based RWA platform wholly owned by Matrixport.

XAUM is available as an ERC-20 token on Ethereum and as a BEP-20 token on BNB Smart Chain, making it accessible across two major blockchain ecosystems.

Yes. XAUM holders can redeem their tokens for physical gold delivery from Matrixdock's partner vaults located in Hong Kong and Singapore.

Matrixdock uses on-chain proof-of-reserves combined with independent physical audits conducted by Bureau Veritas, plus regular asset statements from the custodian vaults.

Users can 'pack' a required amount of XAUM tokens into a Matrixdock Gold NFT, which creates a fixed, non-fungible allocation to a specific physical gold bar rather than a dynamic allocation.

XAUM can be traded on centralized exchanges such as KuCoin and on decentralized exchanges including PancakeSwap V3 on BNB Smart Chain.

Matrixdock partners with leading LBMA-approved brokers and refiners, including Heraeus and Point Gold, to procure investment-grade gold bars that meet LBMA standards.