News list for "Gold Token"
The Singapore-based subsidiary of the Hong Kong Gold Exchange (HKGX) has issued a digital gold token, Gold Zip (XGZ), according to Credit Suisse. HKGX said each token is backed by physical gold held in accredited vaults, primarily in Hong Kong.
As the spot gold price has recently continued to rise, the market value of Paxos' gold token PAXG has also risen. According to Coingecko data, it has broken through $1 billion and reached a record high of $1,048,084,991. PAX Gold (PAXG) is a digital currency issued by Paxos that is anchored to gold. Each PAXG is anchored to 1 ounce of gold, and the current supply in circulation is 287,81.
BioSig Technologies (BSGM), a medical technology company that just merged with tokenization company Streamex, said it has signed a definitive agreement to raise up to $1.10 billion to fund a gold-backed treasury model and expand its tokenization platform for real-world assets (RWA) like gold and other commodities. Streamex plans to issue tokens backed by gold and other commodities through its platform built on the Solana (SOL) blockchain.
According to the market data, the "gold token" nearly 24 hours turnover exceeded 410 million dollars. Among them, PAXG24 hours turnover reached 190 million dollars, XAUT24 hours turnover 67.05 million dollars.
ORO, the Solana ecological gold tokenization project, announced the completion of the $1.50 million Pre-Seed round of financing, led by 468 Capital, with investors such as Fasset, Dead King Ventures and several angel investors participating. According to reports, ORO aims to expand the real-world assets that generate income on Solana through gold tokenization.
Singapore Digital Asset Exchange SDAX has partnered with Muscat Precious Metals Refining Company LLC to launch the MPMT Gold Token. Available exclusively on the SDAX exchange platform, the MPMT Gold Token is securitized, issued by an independent trust, and backed by physical gold bars held in the Singapore Freeport safe vault.
HSBC Bank (HSBA) has announced the provision of gold tokenized products to retail investors in Hong Kong and claims to be the first bank to create blockchain based real-world assets for the retail market.
Financial giant HSBC Bank (HSBA) provides gold tokenized products for Hong Kong retail investors and claims to be the first bank to create blockchain based RWAs for the retail market.
