Matrixdock, an Asia-focused real-world asset tokenization platform, launched XAUm on Stellar on June 24, 2026. The move extends the firm's flagship tokenized gold product to a sixth blockchain network, each token representing one fine troy ounce of physical gold stored in allocated vaults.
The gold backing XAUm tokens carries Bureau Veritas certification and LBMA accreditation, the London Bullion Market Association's standard for refiners and dealers. These are institutional-grade endorsements: Bureau Veritas audits the vaults and reconciles holdings against token supply; LBMA accreditation means the underlying gold meets purity and sourcing standards used by major bullion markets.
Stellar joins Ethereum, Polygon, Arbitrum, Optimism, and Solana as venues where XAUm trades. Matrixdock positioned the expansion as a play for institutional investors seeking direct exposure to physical gold without custodial intermediaries or exposure to a single blockchain's operational risk. Stellar's simpler transaction model and lower fees compared to Ethereum-class networks may appeal to traders with large positions who want to minimize friction on redemption or settlement.
The tokenized gold market has grown as institutions explore alternatives to spot ETFs and allocated accounts held at traditional custodians. XAUm competes with similar products like Paxos' PAXG and Tether's XAUt, both of which also carry third-party audits and trade across multiple chains. The addition of Stellar does not materially change XAUm's market share or institutional demand, but it signals confidence in Stellar's network stability and cross-chain liquidity as a venue for high-value, low-volatility assets.
Matrixdock did not disclose total assets under management in XAUm or provide details on trading volume by network. The firm said XAUm tokens on Stellar are immediately available for institutional partners and will roll out to retail users through integrated trading platforms over the coming weeks.