BIT2026-10-14 11:01:49BIT opens Singapore vault visit to show XAUm gold reserves worth nearly $71.06 millionBIT, formerly Matrixport, took clients inside the Le Freeport vault in Singapore on Oct. 9 as part of its "Inside the Vault" event, offering a close look at the physical gold backing Matrixdock’s tokenized gold product XAUm. According to data displayed on Matrixdock’s website, XAUm is backed by about 529 kilograms of physical gold, or 529 gold bars, with a market value of roughly $71.06 million, close to RMB 500 million. The report said the reserves are stored by professional custodians in vaults in Hong Kong and Singapore. During the visit, guests went through strict identity checks and access controls before entering the high-security facility near Singapore Changi Airport. One attendee, Feng Mi (@KuiGas), said he was surprised that on-chain gold could actually be redeemed for a bar that could be taken home, adding that the 1,000-gram bar he held was worth about $140,000 at the day’s price. The article also highlighted XAUm’s verification structure and a prior physical redemption. Each XAUm token is backed 1:1 by one troy ounce of 99.99% purity physical gold, with verification available through independent physical audits, reserve reports, on-chain proof of reserves and gold allocation lookup. In April 2025, Matrixdock completed its first physical gold redemption at Le Freeport, where 32.148 XAUm were burned on-chain and exchanged for a 1-kilogram gold bar.580
Hong Kong2026-10-13 05:56:43Hong Kong studies tax breaks for qualified gold trading and settlement institutionsHong Kong is studying tax incentives for qualified institutions engaged in gold trading and settlement in the city, according to Christopher Hui, secretary for financial services and the treasury. Speaking at the opening ceremony of Gold Smart International’s Hong Kong headquarters, Hui said the government is also refining the preferential tax regime for funds and single-family offices, with a proposal to expand the scope of eligible investments to include precious metals. He said the city is using the development of an international gold trading market as an entry point to build a broader commodities trading ecosystem. Hui added that Hong Kong’s central gold clearing and settlement system began trial operations in July this year and is targeted for formal launch in the first quarter of next year. After the Mandatory Provident Fund Schemes Authority updated its guidance in July, the number of gold ETFs eligible for MPF fund investment rose to five. Physical gold ETFs and tokenized gold products have also been introduced to the market, according to a Hong Kong government press release.150
XASH2026-10-12 11:00:23XASH says tokenized gold rewards could help solve stablecoin distributionIn an Unchained Premium interview, XASH co-founder and CEO Kevin Huynh outlined a rewards model aimed at stablecoin users on Solana, where wallet activity can earn a share of a gold-denominated reward pool paid in Paxos Gold (PAXG). The discussion focused on why XASH abandoned its earlier idea of building a gold-backed synthetic dollar, with Huynh pointing to the expensive hedging operation that approach would have required. Instead, the company now centers on a distribution model in which users connect Phantom or Solflare wallets and access Solana DeFi venues such as Kamino and Orca without depositing funds with XASH. Monthly XP points determine each wallet’s pro rata share of the gold pool. Huynh said the gold currently comes from a market development fund financed by venture capital, while the long-term paying customer is expected to be the stablecoin issuer seeking distribution across new venues. He also discussed why the model was designed to work with or without the Clarity Act, why XASH chose Solana over Ethereum for its initial launch, how the product is moving from closed beta to public beta, and why early users have shown interest in receiving gold rather than cash incentives.180
GSR2026-10-07 16:55:22GSR Commits $100 Million to Hare Vault BusinessGSR has committed $100 million to the Hare Vault business, according to TheDefiant. The first products built on Aave will focus on stablecoins and tokenized gold, and outside investors are expected to join GSR in those vaults. Launch dates have not been announced. The page also notes that TheDefiant stores its articles on Filecoin. No additional timing, product structure, or investor details were provided in the available source text.220
GSR2026-10-07 12:43:32GSR Commits $100 Million to Back Hare’s On-Chain Treasury PushCrypto trading firm GSR has committed $100 million to support Hare, a new business focused on on-chain treasury products, with the funding set to be provided mainly through credit lines. Hare is working with liquidity platform Turtle to create and manage on-chain vaults. Its initial rollout will feature vaults supported by the lending protocol Aave, giving investors a way to earn yield through major U.S. dollar stablecoins and Paxos’ tokenized gold product. GSR will also provide anchored liquidity for the offering. The development was reported by CoinDesk and cited by Odaily.260
GSR2026-10-07 12:34:13GSR commits $100 million to Hare, betting on onchain credit and institutional vault demandCrypto trading and market-making firm GSR has committed $100 million to Hare, a new onchain credit business being built with liquidity distribution platform Turtle. The capital commitment, described as multi-year and structured mostly as a credit facility, will be used to seed Hare’s vault products before outside investors come in, giving the business anchor liquidity from the start. Hare’s first offerings will be two Aave-powered vaults: one for major U.S. dollar stablecoins and another for Paxos tokenized gold products PAXG and PAXGy, with Paxos Labs partnering on the gold strategy. The move comes as institutional interest in curated onchain vaults grows alongside the broader tokenization push across traditional finance. Vaults let capital be deployed across lending markets and other yield strategies rather than simply sit idle in wallets. Hare said its focus will be the credit layer, including collateral analysis, counterparty assessment and position behavior during market stress. According to Vaults.fyi, curated vaults held $8.6 billion across 788 vaults as of July, with the figure reaching 1.4 million.290
Circle2026-09-28 10:59:02Jeremy Allaire says a leading Asian tokenized gold product has joined ArcCircle CEO Jeremy Allaire said in a post on X that one of Asia’s leading tokenized gold products has launched on the Arc network. He also said he is looking forward to visiting Singapore. In the same post, Allaire noted that Arc now includes assets such as USDC, EURC, cirBTC, and USYC, which he described as a complete asset family. The update points to a broader mix of tokenized assets now available on Arc, based on Allaire’s description. The remarks were attributed to Allaire’s X account, @jerallaire.380
OKX2026-09-27 09:39:58OKX launches tokenized gold product with spot trading supportOKX has introduced a tokenized gold product that lets users trade tokenized assets backed by physical gold on its platform. The exchange said the offering is designed to bring the speed of digital asset trading to gold, with spot trading available through OKX. According to the company, the launch is part of its broader effort to bring real-world assets into the crypto trading ecosystem. OKX also said that tokenizing gold, an asset it described as having held value for thousands of years, can improve both liquidity and accessibility for users seeking exposure through a digital format.380
