# LBMA Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "LBMA", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

Matrixdock Launches Silver Token XAGm, Building On-Chain Silver Reserve Asset Based on FRS Standard

Matrixdock, a leading RWA platform, has launched XAGm, an institutional-grade silver token backed by fully allocated physical silver. The token is supported by LBMA Good Delivery standard silver bars, enabling this widely traded precious metal to enter the on-chain financial ecosystem. XAGm expands Matrixdock’s on-chain precious metals system, supporting use cases such as trading, collateralization, and DeFi applications. Unlike gold, which primarily serves as a store of value, silver possesses both investment and industrial demand, introducing stronger cyclical dynamics and diversified utility in on-chain markets. XAGm is one of the few institutional-grade tokenized silver products, with verifiable asset backing held in professional vaults. The token is issued under Matrixdock’s FRS (Fungible Reserve Standard) framework, which ensures transparent and sustainable alignment between on-chain tokens and underlying physical assets. Initially deployed on Ethereum, XAGm is set to expand to other blockchain ecosystems to improve accessibility and liquidity. This launch further develops Matrixdock’s Reserve Layer, combining gold and silver to create a more resilient and diversified on-chain asset base for the decentralized financial system.

marsbit03/17 09:09

Matrixdock Launches Silver Token XAGm, Building On-Chain Silver Reserve Asset Based on FRS Standard

marsbit03/17 09:09

Tether's 'Gold Standard' Ambition: Deconstructing XAUt, How the Stablecoin Giant is Hoarding Gold?

Tether, the company behind the dominant stablecoin USDT, is rapidly becoming a major global buyer of physical gold, with holdings of approximately 140 metric tons valued at around $23 billion. A significant portion of this, over 70 tons, was acquired last year alone to back its gold-backed stablecoin, XAUt. Each XAUt token represents ownership of one troy ounce of LBMA-standard gold, stored in a high-security Swiss vault. The on-chain token facilitates the transfer of ownership of the underlying physical asset. The operation is run by TG Commodities, a Salvadoran entity fully owned by Tether, which is authorized by El Salvador's national digital asset regulator. Tether's CEO has stated the company aims to allocate 10-15% of its portfolio to gold, purchasing an estimated one to two tons per week. With robust profits, this could potentially double its current XAUt reserves. This scale of purchasing has positioned Tether as a significant "marginal buyer" in the gold market, comparable to central banks. While other gold-backed tokens like PAXG and DGX exist, Tether's massive accumulation introduces a new dynamic. The product aims to make gold more divisible and transferable, but it also intertwines the stability of physical gold with the volatility of the crypto market, raising questions about the long-term implications of this new asset class.

marsbit02/02 12:03

Tether's 'Gold Standard' Ambition: Deconstructing XAUt, How the Stablecoin Giant is Hoarding Gold?

marsbit02/02 12:03

Matrixdock Releases Latest Semi-Annual Physical Gold Audit Report, Strengthening Transparency Practices for Physical Gold

Matrixdock, the RWA platform under Matrixport, has released its H2 2025 semi-annual physical gold audit report for its XAUm token. The audit, conducted by an independent third party, verified 482 LBMA-approved 1kg gold bars held across Brink’s Hong Kong, Brink’s Singapore, and Malca-Amit Singapore vaults. The total reserve amounts to approximately 482 kg (15,595.336 oz), valued at around $71.75 million based on the audit date gold price. No discrepancies were found between the physical gold and recorded assets. Compared to the H1 2025 audit, an additional 61 gold bars were added to the reserve. Matrixdock employs a dual-verification mechanism, combining physical audits with on-chain validation tools, allowing XAUm holders to verify the gold backing their tokens via a Web3 wallet. Each 1kg gold bar corresponds to approximately 32.148 XAUm tokens. The platform emphasizes transparency and institutional-grade operations to build trust in digital gold assets.

marsbit01/15 10:02

Matrixdock Releases Latest Semi-Annual Physical Gold Audit Report, Strengthening Transparency Practices for Physical Gold

marsbit01/15 10:02

Falcon Finance Releases Research on Tokenized Gold, Matrixdock's XAUm Selected as One of the Top Five Gold Token Projects

Tokenized gold is emerging as a key asset class in the RWA (Real World Assets) sector, transitioning from proof-of-concept to structural development. Unlike other RWA forms, gold benefits from global pricing, deep liquidity, and established physical delivery standards, making it a critical test case for asset tokenization. Falcon Finance recently published a research report titled “The Digitalization of Bullion: A Deep Dive into Tokenized Gold and How to Earn from It,” which provides a comparative analysis of major tokenized gold projects. The study highlights five leading gold tokenization initiatives, including Matrixdock’s XAUm. XAUm, issued by Matrixport’s RWA platform Matrixdock, is backed by one troy ounce of LBMA-standard physical gold per token. The gold is stored in professional vaults in Singapore and Hong Kong, with ongoing disclosures and third-party verification to ensure transparency between reserves and token supply. The research underscores varied structural approaches in tokenized gold—covering asset backing, custody, and design—reflecting diverse use cases rather than absolute superiority. XAUm’s inclusion signifies its recognition as a structurally significant project in the global tokenized gold landscape, emphasizing real-asset backing and verifiability. As the market shifts from speculation to examining custody, structure, and long-term reliability, independent research like Falcon’s offers a framework for evaluating the evolution of tokenized gold.

marsbit01/14 09:55

Falcon Finance Releases Research on Tokenized Gold, Matrixdock's XAUm Selected as One of the Top Five Gold Token Projects

marsbit01/14 09:55

From Gatekeeper to Gravedigger: JPMorgan Bets on Physical Precious Metals, Shorts Dollar Credit

JPMorgan Chase, a long-standing guardian of the U.S. dollar-centric financial system, is reportedly shifting its core precious metals trading team to Singapore—a move interpreted as a strategic pivot away from Western dollar hegemony. The bank has reclassified approximately 169 million ounces of silver in COMEX vaults from “deliverable” to “non-deliverable,” effectively locking down nearly 10% of global annual supply. This signals a broader bet on physical metal accumulation and a loss of confidence in paper-based derivatives. The London and New York systems, built on leveraged paper contracts (with claims far exceeding physical metal), are showing strain. Central banks are accelerating gold repatriation, while industrial demand—especially for silver in green technology—is draining physical inventories. Extreme backwardation in silver and extended delivery wait times at the Bank of England suggest a structural rupture between paper markets and physical reality. Meanwhile, Shanghai has emerged as the world’s largest physical gold exchange, emphasizing full physical settlement and rejecting the Western paper-gold model. China’s industrial demand and central bank purchasing are pulling vast metal volumes eastward, reshaping global liquidity and pricing power. Singapore is positioning itself as a neutral hub with tax-free private vaults, attracting Western institutions like JPMorgan seeking a safe, politically acceptable base near Asian demand centers. Yet it remains caught between dollar liquidity and yuan-driven physical trade anchored in Shanghai. JPMorgan’s maneuver reflects a deeper shift: the end of financial alchemy based on unlimited paper leverage and the return to a tangible asset system where physical metal defines value and trust.

比推12/12 15:31

From Gatekeeper to Gravedigger: JPMorgan Bets on Physical Precious Metals, Shorts Dollar Credit

比推12/12 15:31

Gold Exchange Enters the Digital Era: Antalpha Launches XAU₮ Physical Gold Exchange Service in Hong Kong

Driven by global macroeconomic and geopolitical uncertainties, gold has reaffirmed its role as a core store of value. Antalpha has announced a strategic partnership with Malca-Amit, a leading custodian and LBMA member, to launch a seamless digital-to-physical gold redemption service for Tether Gold (XAU₮) in Hong Kong. Within just five months since July 2025, XAU₮'s market capitalization surged from $800 million to $2.2 billion, signaling a major shift toward digitized gold ownership. The service leverages Malca-Amit’s LBMA-accredited secure vaulting infrastructure, which holds ISO 9001 and ISO 27001 certifications. A backup gold reserve mechanism is also under discussion to enhance risk management. Antalpha, an ecosystem partner of Tether Gold, is building a global digital-physical闭环 (closed-loop) ecosystem through market making, liquidity aggregation, and collateralized lending solutions. Institutional clients can now redeem physical gold—starting from 2kg—within one business day after completing KYC. The service supports stablecoin settlements and offers secure armored transport options. This initiative aims to combine the liquidity of digital assets with the security of physical gold, addressing traditional inefficiencies and storage risks. Expansion to other global financial centers is planned.

深潮12/09 12:04

Gold Exchange Enters the Digital Era: Antalpha Launches XAU₮ Physical Gold Exchange Service in Hong Kong