Matrixdock launches XAUm gold token on Sui blockchain

• Tokenized XAUm is backed 1:1 by physical gold
• Matrixdock chooses Sui blockchain for XAUm expansion
• Token allows trading and redemption of LBMA-accredited gold

Matrixdock, the asset tokenization platform of the Asian group Matrixport, announced the official launch of its XAUm gold token on the Sui blockchain. This is the first time the asset has been issued on a non-EVM-compatible network, solidifying the project's expansion strategy in the decentralized finance sector.

Eva Meng, head of Matrixdock, highlighted the initiative's objective. "By bringing gold to the network, XAUm transforms a traditionally static asset into one with expanded digital utility. We're excited to expand XAUm to Sui, a blockchain purpose-built for scalability."

XAUm is fully backed by physical gold certified by the London Bullion Market Association (LBMA) with a purity of 99,99% and undergoes periodic audits by Bureau Veritas. The most recent gold reserves report for the first half of 2025 is publicly available, reinforcing the token's transparency.

The Sui blockchain was chosen for its unique infrastructure. The network stands out for its parallel execution, sub-second completion time, and horizontal scalability, enabling fast, low-cost operations with high transaction volumes. This architecture makes it suitable for tokenized assets like XAUm, which require real-time liquidity and security.

Christian Thompson, Managing Director of the Sui Foundation, commented on the impact of the launch:

Tokenized assets are reshaping global finance, and XAUm on Sui is a powerful example of Sui being at the forefront of this wave of innovation.

With XAUm, users can hold, trade, lend, and redeem institutional-grade physical gold, combining the stability of the precious metal with the efficiency of blockchain technology. The combination of solid backing and advanced digital infrastructure expands gold's usefulness in financial applications, going beyond its traditional role as a store of value.

The launch positions Matrixdock as a leader in gold tokenization in Asia, while strengthening the presence of the Sui blockchain as a platform for real digital assets (RWA).