According to BlockBeats news, on August 20, Matrixport's RWA tokenization platform Matrixdock announced that its product, the gold token XAUm, has completed on-chain deployment on the Sui network. This move marks the first successful deployment of XAUm on a non-EVM compatible chain, representing a leap in XAUm's technological architecture and the scale of the supporting network. The Sui Foundation will also allocate part of its reserve assets to XAUm to express its recognition of the project in action and further highlight the strategic position of tokenized gold in the on-chain asset portfolio of the Web3 era.
XAUm is the first gold token asset in the RWA tokenization track on the Sui network, providing the Sui community and traditional investors with a new way to participate in the gold market. As XAUm completes on-chain deployment and is fully integrated with the on-chain ecosystem, users of the Sui ecosystem can easily access XAUm and efficiently interact within the on-chain ecosystem.
Currently, XAUm has reached a cooperation with the underlying infrastructure on the Sui network, and Pyth Network will provide exclusive price feeds for XAUm on the Sui network. Slush has also launched XAUm to provide a smooth protocol interaction experience for on-chain participants. At the same time, the collaboration between XAUm and mainstream DeFi protocols on the Sui network has entered the integration phase, including Momentum, Navi, AlphaLend, Alphafi, and Nodo, which will gradually complete XAUm integration, enriching XAUm's DeFi ecosystem on the Sui network and promoting XAUm's liquidity.
