Matrixdock Unveils First Tokenized Gold Asset on Circle’s Arc Blockchain
- Matrixdock has launched XAUm, the first tokenized gold asset on Circle's Arc blockchain, bringing physical gold bars from vaults in Hong Kong and Singapore onto the network, according...
- The XAUm asset bridges physical vault storage with distributed ledger technology across eight networks, including Arc.
- XAUm enters a market dominated by larger competitors, though it offers a lower barrier to entry for physical collection.
Matrixdock has launched XAUm, the first tokenized gold asset on Circle’s Arc blockchain, bringing physical gold bars from vaults in Hong Kong and Singapore onto the network, according to reporting from BeInCrypto. Each token represents one ounce of gold, backed by physical reserves held by Brink’s or Malca-Amit and traceable to a numbered bar.
Tokenized Gold Architecture and Vault Storage
The XAUm asset bridges physical vault storage with distributed ledger technology across eight networks, including Arc. According to Matrixdock documentation cited by BeInCrypto, the gold backing the tokens sits securely in vaults located in Hong Kong and Singapore. Each individual token corresponds directly to one fine troy ounce of gold. Matrixdock publishes its reserve reports and funds the independent auditor responsible for checking those reserves. In April 2025, a customer walked into a Singapore vault and redeemed a token for a kilogram of gold, a process that took three working days, according to BeInCrypto’s reporting. While Matrixdock promotes same-day cash for eligible sales, its official rulebook instructs sellers to anticipate a three-working-day settlement window. Furthermore, the cash-out window operates on New York hours, which creates a twelve-hour operational time difference for the Asian vaults.
Market Positioning Versus Competing Gold Tokens
XAUm enters a market dominated by larger competitors, though it offers a lower barrier to entry for physical collection. According to data published by BeInCrypto, XAUm held a market value of approximately $71 million on May 1, positioning it significantly behind Tether Gold at $2.52 billion and PAX Gold at $2.32 billion. The asset comparison highlights distinct structural differences in redemption and multi-chain availability:
- Matrixdock XAUm: Requires 32.148 tokens to claim a one-kilogram bar from vaults in Singapore or Hong Kong, and operates across eight different blockchain networks including Arc.
- Paxos PAXG: Requires 430 tokens to secure a London Good Delivery bar, with the customer arranging physical delivery, and primarily operates on Ethereum with recent expansion to Solana.
- Tether Gold (XAUt): Operates primarily on Ethereum and BNB Smart Chain without broad multi-chain distribution.
While XAUm provides broader network reach than its rivals, its liquidity is distributed across eight chains. By comparison, competitors concentrate liquidity on fewer networks to support larger trade sizes, according to BeInCrypto.
Ecosystem Integration on Circle’s Arc Blockchain
The launch arrives as Circle attempts to establish practical use cases for its Arc blockchain network. Circle launched Arc on September 16 with institutional backing from Visa, BlackRock, and Standard Chartered, according to BeInCrypto. However, early trading activity saw substantial volume directed toward speculative tokens on opening day, leaving institutional assets like XAUm to build utility gradually.
Gold has been an institutional reserve asset for centuries, but holding it and using it have always been two different things.