ChainCatcher News: Matrixdock, the RWA platform under the one-stop crypto financial platform Matrixport, officially launches the on-chain gold token XAUm.

XAUm is a high-standard, innovative gold token fully backed by LBMA (London Bullion Market Association) standard physical gold bars with a purity of at least 99.99%. Each XAUm token is pegged to one troy ounce of LBMA physical gold bars.

XAUm supports native deployment and unified management on ETH and BNB chains, meeting the application needs of different forms of interests and Dapps. XAUm currently supports USDC and USDT trading with a 0.25% minting and redemption fee, eliminating storage and management fees associated with traditional gold custody. At the same time, users enjoy the right to redeem physical gold. Matrixdock has launched physical gold redemption services in Hong Kong and Singapore.