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Sui Blockchain Hosts XAUm Tokenized Gold Amid Rising Institutional Interest
Sui Blockchain Hosts XAUm Tokenized Gold Amid Rising Institutional Interest
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BTCCSquare news:
Matrixdock's XAUm token, backed by 99.99% pure LBMA-accredited gold, has launched on the Sui blockchain, marking its first deployment on a non-EVM chain. The token is fully audited by Bureau Veritas, with physical Gold reserves publicly verifiable, reinforcing transparency for DeFi users.
Sui's $2 billion TVL positions it as a growing hub for institutional DeFi and real-world asset tokenization. The integration enables seamless utility for trading, lending, and collateralization, accelerating Sui's infrastructure credibility.
Eva Meng of Matrixdock highlighted the transformative potential of gold-backed assets in decentralized finance, though her full statement was truncated in the source material.
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