Recently, Matrixdock, the RWA tokenization platform under BIT (formerly Matrixport), completed its fourth consecutive semi-annual independent reserve audit. This audit was again conducted by the international inspection and certification agency Bureau Veritas for independent reserve verification and included the tokenized silver product XAGm within its scope. This audit covered the underlying precious metal reserves for both XAUm and XAGm, marking two consecutive years of maintaining a consistent, ongoing independent verification process for Matrixdock and further enhancing its reserve transparency system.
Two Consecutive Years of Independent Verification, Continuously Enhancing the Reserve Transparency System
According to information released by Matrixdock, this marks its fourth consecutive semi-annual independent reserve audit and the second consecutive year that Bureau Veritas has performed the independent reserve verification.
Matrixdock stated that consistently engaging the same independent audit firm for verification helps establish a stable and uniform verification process. It also allows the audit firm to gain deeper insights into its reserve structure, making it easier to identify potential anomalies in the future. As tokenized assets gradually integrate into financial infrastructure, long-term trust stems not from a single audit but from a consistent and stable verification mechanism.
Matrixdock refers to this multi-layered verification mechanism system as the Reserve Transparency Stack, providing holders with continuous verifiability of the underlying assets of the tokens.
Audit Scope Extended to XAGm, Completing Physical Verification of Precious Metal Reserves
Based on the audit results from Bureau Veritas, this audit involved the physical verification of the precious metal reserves held by Matrixdock, confirming that the reserve assets matched Matrixdock's records.
This audit covered a total of 574 gold and silver metal bars from LBMA (London Bullion Market Association)-certified refiners, stored across three institutional-grade vaults:
● Malca-Amit Singapore (Audit completed on July 3, 2026)
● Brink's Hong Kong (Audit completed on July 8, 2026)
● Brink's Singapore (Audit completed on July 15, 2026)
During the audit process, every single precious metal bar was weighed and measured. Compared to the audit in the second half of 2025, this audit added 26 gold bars and also extended the scope to include 66 silver bars.
As of the audit date, XAUm (Tokenized Gold):
● Total gold audited: 508 bars;
● Corresponding gold weight: 16,331.184 troy ounces;
● Total XAUm in circulation: 16,331.179 tokens, comprising:
EVM Chain: 11,242.657 tokens;
Sui Network: 2,677.413 tokens;
Solana Network: 1,575.248 tokens;
Stellar Network: 771.552 tokens;
● Calculated at a gold price of $4,046.86 per troy ounce, the corresponding asset value is approximately $66.09 million.
This independent reserve audit also covered XAGm (Tokenized Silver). As of the audit date:
● Total silver audited: 66 bars;
● Corresponding silver weight: 65,934 troy ounces;
● Total XAGm in circulation: 65,998.551 tokens, comprising:
Ethereum Network: 33,004.219 tokens;
Sui Network: 32,990 tokens;
● Current ozPerToken: 0.999021918;
● Calculated at a silver price of $61.24 per troy ounce, the corresponding asset value is approximately $4.04 million.
The audit results indicate that all precious metal bars have been individually verified against the relevant vault records, with no discrepancies found. As of the audit date, the XAUm reserve assets are fully matched with the circulating token quantity; the XAGm reserve assets, after applying the corresponding ozPerToken value, are fully matched with the circulating token quantity.
From Periodic Audits to Continuous Verification, Reserve Transparency is Becoming a Foundational Capability for On-Chain Finance
In addition to the semi-annual independent reserve audit, Matrixdock continuously discloses monthly reserve asset statements, on-chain Proof of Reserves for precious metal products, and the Gold Allocation Lookup tool. Holders can query the mapping relationship between specific gold bars and their corresponding tokens, enabling continuous verification of the underlying assets rather than relying solely on periodic audit results. Together, these form a continuously updated record of transparency.
Matrixdock stated that it will continue to evaluate potential collaborations with global third-party service providers in the future, aiming to further strengthen asset-level verification capabilities for off-chain reserve assets while safeguarding customer privacy.
When underlying reserves remain continuously verifiable, reserve assets can further participate in more on-chain financial scenarios such as institutional treasury management, financial applications, and lending markets. As tokenized assets evolve from being mere asset representation tools to becoming financial infrastructure, the continuous verifiability of underlying reserves is also becoming a key foundation for measuring the quality of reserve assets. This fourth consecutive semi-annual independent reserve audit reflects Matrixdock's long-term commitment to continuously building the Reserve Layer for on-chain finance.
Audit Report Link:https://2505056629-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZx9GNWaNV9JB3JZlW74D%2Fuploads%2FVaFEA9CzGKo22HcojuSO%2FMatrixdock%20Gold%20Bureau%20Veritas%20Audit%20Jul%202026.pdf?alt=media&token=54e9714e-c65f-4b0c-8bcf-c7869956dd20
Original Article Link:https://www.matrixdock.com/blog/announcements/reserve-transparency-built-through-continuous-operation-matrixdock-marks
