Korea's largest cryptocurrency exchange Upbit is about to launch the XAUT trading pair, supporting multiple trading pairs such as XAUT/KRW, BTC, and USDT. This means more Asian traders will have convenient channels for physical gold tokenization trading.
The特色 of XAUT lies in its strict asset anchoring mechanism—each XAUT is backed by physical gold bars that meet the London Bullion Market Association (LBMA) "Good Delivery" standards, with a 1:1 ratio, ensuring the token's real asset backing. This model combines traditional precious metals markets with blockchain trading, providing investors with the option to enjoy on-chain liquidity while holding physical assets with corresponding rights.
Upbit's move reflects the accelerated promotion of traditional asset tokenization in the Asian market and demonstrates the exchange's strategy to diversify trading categories and attract different investor groups. As more compliant exchanges support similar products, the ecosystem for physical assets on the blockchain is gradually improving.
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OnchainArchaeologist
· 14h ago
Gold on the blockchain should have been played like this a long time ago; 1:1 anchoring is more reliable than those worthless tokens.
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WenMoon42
· 14h ago
Gold on the chain is really coming, but the question is whether the physical assets can truly correspond 1:1. It seems that this logic still depends on the subsequent audit results.
Korea's largest cryptocurrency exchange Upbit is about to launch the XAUT trading pair, supporting multiple trading pairs such as XAUT/KRW, BTC, and USDT. This means more Asian traders will have convenient channels for physical gold tokenization trading.
The特色 of XAUT lies in its strict asset anchoring mechanism—each XAUT is backed by physical gold bars that meet the London Bullion Market Association (LBMA) "Good Delivery" standards, with a 1:1 ratio, ensuring the token's real asset backing. This model combines traditional precious metals markets with blockchain trading, providing investors with the option to enjoy on-chain liquidity while holding physical assets with corresponding rights.
Upbit's move reflects the accelerated promotion of traditional asset tokenization in the Asian market and demonstrates the exchange's strategy to diversify trading categories and attract different investor groups. As more compliant exchanges support similar products, the ecosystem for physical assets on the blockchain is gradually improving.