Sui Foundation Invests in XAUm as Tokenized Gold Launches on Sui Network

Matrixdock Launches XAUm on Sui: Matrixdock has deployed XAUm, a gold-backed token, on the Sui blockchain, marking its first issuance on a non-Ethereum Virtual Machine (EVM) chain.

Sui's Growing Role in DeFi: With over $2 billion in Total Value Locked (TVL), Sui is emerging as a key Layer 1 blockchain for institutional DeFi and Real World Asset (RWA) deployment, supported by the Sui Foundation's treasury allocation to XAUm.

Transparency and Security: XAUm is fully backed by LBMA-accredited gold and undergoes regular audits, ensuring transparency and trust for users engaging with this digital asset.

Innovative Blockchain Features: Sui's architecture allows for efficient asset management and scalability, making it an ideal platform for tokenized assets like XAUm, which aims to enhance portfolio diversification in the evolving crypto landscape.