New assets are here again. A licensed exchange has officially announced the launch of Tether Gold (XAUt), which is also the first platform among licensed exchanges in Hong Kong to offer compliant gold token trading. According to reports, professional investors can directly conduct transactions through the over-the-counter bulk trading Marketplace, with each XAUt strictly corresponding to an LBMA-standard gold bar weighing one troy ounce. In other words, what investors hold is the on-chain representation of real gold and silver — for those who are optimistic about gold as a hedge, this on-chain gold trading method is quite novel.
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InfraVibes
· 4h ago
Now I can really sleep peacefully with on-chain gold, haha
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DAOplomacy
· 4h ago
honestly the tokenization angle here is... let's say it presents some non-trivial path dependency questions. like yeah, xauт on-chain looks clean on paper, but has anyone seriously gamed out the custodial trust model vs traditional gold repos? historical precedent suggests these things get messier in vol spikes. just saying.
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WalletsWatcher
· 4h ago
The idea of putting gold on the blockchain still feels a bit uncertain... Can it really correspond 1:1 with LBMA gold bars?
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CascadingDipBuyer
· 4h ago
Gold on the chain sounds good, but can it really be reliable?
Wait, is this in Hong Kong? Well, at least it looks compliant.
Another new coin, my wallet is about to bleed again.
XAUt? Remember this name, it might be the next asset to get hammered.
Hedging properties? Friend, there's no real hedging in the crypto world, it's just gamblers' self-comfort.
One ounce of gold per coin, sounds transparent, but who can prove there's actually a real gold bar behind it?
This time, the Hong Kong Stock Exchange is just catching up. Why did it take so long to launch a gold token?
Over-the-counter marketplace, sounds high-end, but in reality, it's just a synonym for illiquidity.
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MEVictim
· 4h ago
On-chain gold trading sounds good, but can you really trust it?
New assets are here again. A licensed exchange has officially announced the launch of Tether Gold (XAUt), which is also the first platform among licensed exchanges in Hong Kong to offer compliant gold token trading. According to reports, professional investors can directly conduct transactions through the over-the-counter bulk trading Marketplace, with each XAUt strictly corresponding to an LBMA-standard gold bar weighing one troy ounce. In other words, what investors hold is the on-chain representation of real gold and silver — for those who are optimistic about gold as a hedge, this on-chain gold trading method is quite novel.