# Matrixdock Officially Launches Gold Token, XAUm **Dear Matrixdock Users,** Matrixdock, a digital assets platform that provides access to real-world assets ("RWA") through tokenization and a brand wholly-owned by Matrixport, is excited to announce the official launch of its on-chain gold token, XAUm, on September 16th. Launch Date: September 16, 2024 Supported Tokens: USDT, USDC Minimum Investment: 32.148 XAUm (1KG Gold) Following the successful launch of STBT, XAUm marks another significant milestone for Matrixdock in RWA tokenization, paving the way for future tokenization of precious metals. **About XAUm** XAUm is a high-standard, innovative gold token backed by physical gold bars with a purity of at least 99.99% and conforming to LBMA\* standards. **Each XAUm token represents one troy ounce of LBMA fine gold**, seamlessly blending the physical gold with the flexibility and efficiency of digital assets. Matrixdock has partnered with leading LBMA brokers and refiners, such as Heraeus and Point Gold to procure LBMA physical gold. These are securely stored in tax-free zones by LBMA-certified custodians like Brink's. Matrixdock has established an ecosystem that ensures secure storage, high-quality standards, and efficient circulation of gold assets \*LBMA is the London Bullion Market Association, the international trade association representing the global OTC bullion market. **Advantages and Innovations of XAUm** * **Flexibility and Convenience:** Users can purchase XAUm using USDT or USDC and enjoy seamless on-chain transfers and redemptions. * **Physical Redemption:** Users have the right to redeem XAUm for physical gold. Matrixdock now offers physical gold redemption services in Hong Kong and Singapore. * **Low Fee Structure:** Eliminate the traditional hassles of storage and management fees, with only a 0.25% minting and redemption fee. * **Multiple Use Cases:** Adhering to both ERC-20/BEP-20 and ERC-721/BEP-721 standards, XAUm meets the needs of diverse crypto assets and Dapps. * **Cross-Chain Interoperability:** XAUm enables both native deployment and unified management across Ethereum and BNB chains. Learn more about XAUm: Should you require further clarification or have any questions, please do not hesitate to reach out to our dedicated customer support team at . **Matrixdock Team** --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://matrixdock.gitbook.io/matrixdock-docs/english/announcements/other-announcements/matrixdock-officially-launches-gold-token-xaum.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.