BIT, formerly Matrixport, held an "Inside the Vault" event in Singapore and invited VIP guests to tour the Le Freeport vault near Changi Airport. The facility, which opened in 2010, provides professional storage for high-value assets including art and precious metals. During the event, BIT CEO John Ge said Le Freeport is rarely open to the public and highlighted its strict security and access controls, giving attendees a close look at how high-security vault operations and physical gold storage work.
Eva, head of BIT-owned RWA tokenization platform Matrixdock, introduced XAUm, the platform’s gold token. She said each XAUm token is backed 1:1 by one troy ounce of 99.99% pure physical gold. The bars come from refiners on the London Bullion Market Association Good Delivery list and are stored in professional vaults in Asia. Holders can apply to redeem 32.148 XAUm for a 1-kilogram gold bar. According to Matrixdock’s website, XAUm launched in September 2024. As of publication, it represented 16,716.96 troy ounces of physical gold reserves, or about 520 kilograms across 520 gold bars, with a total market value of about $70.43 million. Sui Foundation and Stellar Development Foundation have previously announced allocations to XAUm.
BIT, formerly Matrixport, held an "Inside the Vault" event in Singapore on Thursday, inviting VIP guests to visit the Le Freeport vault near Changi Airport. The facility opened in 2010 and mainly provides professional storage services for high-value assets such as artworks and precious metals.
BIT opens a rare visit to the Le Freeport vault
BIT CEO John Ge attended the event and delivered remarks. He said Le Freeport is not often open to outsiders and operates with strict security and access management. The visit gave guests a rare chance to see how a high-specification vault handles security and stores physical gold.
Matrixdock outlines how XAUm is backed
Eva, head of Matrixdock, BIT’s RWA tokenization platform, said the platform’s gold token XAUm is backed 1:1 by one troy ounce of physical gold with 99.99% purity for each token. The gold bars come from refiners on the London Bullion Market Association, or LBMA, Good Delivery list and are stored in professional vaults in Asia.
She added that holders can apply to redeem 32.148 XAUm for a 1-kilogram gold bar.
Website data shows XAUm market value at about $70.43 million
According to Matrixdock’s website, XAUm launched in September 2024. As of publication, the token corresponded to 16,716.96 troy ounces of physical gold reserves, or about 520 kilograms, covering 520 gold bars. Its total market value stood at about $70.43 million.
Sui Foundation and Stellar Development Foundation have previously announced allocations to XAUm.
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