FAQ

What asset can be accepted to mint XAUm?

1. Purchase XAUm tokens using Stablecoins: You are able to purchase XAUm directly from Matrixdock with supported stablecoins such as USDC and USDT. Matrixdock will perform the procurement of physical bars and issue the tokens to your wallet. Minting procedure can refer to: Minting & Redeeming

2. Tokenizing Existing LBMA Gold: As an existing asset owner possessing an account with our partner vaults, a transfer of certified LBMA gold from your account to Matrixdock can be executed for tokenization. This may be subject to quality and due diligence checks.

XAUm can be redeemed into what asset?

1. Redeeming into Stablecoins: You are able to redeem XAUm directly with Matrixdock into supported stablecoins such as USDC and USDT. Matrixdock will perform the sale of physical bars and transfer the stablecoins to your wallet. Redeeming procedure can refer to Minting & Redeeming

2. Redeeming into physical LBMA gold: Users will be required to transfer sufficient quantities of XAUm tokens to cover the gold bar in fine troy oz weight plus the redemption fee. Available bars to be redeemed will be provided upon request and subject to inventory availability.

What are the fees charged?

• Minting Fee

Currently, Mingting Fee is waived until the Total Value Locked (TVL) reaches $100 million.

XAUm Limited-Time Promotion: Minting Fee Waived!

• Redemption Fee

A fee of 0.25% will be charged for each redemption order. If a user wants to redeem an exact amount of XAUm that corresponds to a particular physical LBMA gold bar, additional XAUm tokens will be required in excess of the fine weight to cover for the redemption fees.

• No Management Fee

Currently, there are no management fees for XAUm tokens. However, as there are costs associated with holding and vaulting, the management fee rate may be subject to change based on market conditions, and any changes will be communicated to token holders through official channels with at least 30 days notice.

• No Transfer Fees

There are no additional fees charged by Matrixdock when XAUm tokens are transferred between wallets or traded on exchanges. Network gas fees would be applicable to the initiator of the transfer transaction.

What is the difference between obtaining XAUm from Minting vs. Secondary Markets?

1. Minting XAUm directly with Matrixdock supports unlimited order size at a confirmed price (once order is successfully placed and position locked) and settles within T+3 days. This involves creation of new XAUm tokens, backed by a corresponding new purchase of physical gold bars.

1. Secondary market buying of XAUm provides instant settlement, with size and price subjected to prevailing liquidity conditions at the respective venues. This involves existing XAUm tokens backed by current physical gold bars.