XAUm Features

Token and NFT Forms

XAUm is available in ERC-20/BEP-20 token form and ERC-721/BEP-721 NFT form. In the ERC-20/BEP-20 token form, 1 XAUm is backed by 1 fine troy ounce LBMA gold. In the ERC-721/BEP-721 NFT form, 1 NFT is backed by a specific whole LBMA gold bar. This multi-form feature caters to different users’ needs of flexibility and enhanced security. Conversions between the two forms are enabled through a widget on the Matrixdock webapp, where the number of ERC-20/BEP-20 tokens needed corresponds to the fine weight of the selected bar.

Allocation Lookup

Both XAUm token and NFT holders can use the allocation lookup tool on Matrixdock Gold website to view detailed information of the specific physical bar(s) that correspond to their tokens or NFT. This relationship remains transparent, secure and verifiable at all times.

XAUm tokens are dynamically allocated to gold bars. Token holders are able to check their last updated dynamic allocation, which may change over time. Reallocation of tokens to different physical bars may happen from time to time in order to optimize the configuration of full or partial ownership by various token holders. This is done through analyzing contract event logs in near real time when mints, redemptions or transfers occur.

Matrixdock Gold NFTs directly represent a fixed allocation to a specific gold bar. This ensures that the asset solely belongs to the holder of the NFT and cannot be redeemed by others.

Users can convert between XAUm tokens and Matrixdock Gold NFTs via the pack/unpack function in our Web App. The amount of XAUm required will correspond to the troy oz fine weight of the selected gold bar.

Bankruptcy Remoteness

The XAUm project offers 100% bankruptcy remoteness, providing investors with a secure and trustworthy investment option. This is achieved by establishing a purpose trust that legally owns the XAUm issuer and ensures a bankruptcy-remote structure.

The purpose trust will take ownership as the XAUm asset account holder, and is exclusively dedicated to holding the XAUm issuer shares. By incorporating a purpose trust using this unique legal structure, the XAUm project effectively mitigates counterparty risk related to the Matrixport Group, and significantly bolsters the security of the XAUm project.