What Is Matrixdock Gold (XAUM) Crypto Coin? A Complete Guide
Sep, 9 2025
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Note: Redemption requires a minimum of ounce(s). Current redemption price is per ounce.
Key Takeaways
- Matrixdock Gold (XAUM) is a blockchain token backed 1:1 by a troy ounce of LBMA‑certified gold.
- It lives on both Ethereum (ERC‑20) and BNB Chain (BEP‑20), giving users fast, cheap transactions.
- Investors can buy XAUM with stablecoins like USDC/USDT and redeem a single ounce of physical gold at any time.
- Compared with PAXGold (PAXG) and TetherGold (XAUT), XAUM offers lower fees, cross‑chain flexibility, and smaller redemption minima.
- Risks include regulatory uncertainty in some jurisdictions and limited exchange listings, but institutional interest is growing.
What Is XAUM?
Imagine holding a real ounce of gold inside your crypto wallet. That’s exactly what Matrixdock Gold (XAUM) does. Launched on September162024 by Singapore‑based fintech Matrixdock (a brand of Matrixport), each XAUM token represents one troy ounce of 99.99% pure gold that is LBMA‑certified and stored in vaults managed by Brink's and Malca‑Amit in Hong Kong and Singapore.
The token’s ticker on most platforms is STRX, but most investors refer to it by the full name. Because the gold backing is audited by Bureau Veritas and the holdings are visible on‑chain, holders can verify that every token truly has a physical ounce of gold behind it.
How XAUM Works: Token Standards, Backing, and Custody
XAUM uses a dual‑standard approach:
- ERC‑20 on Ethereum for fractional ownership (down to 0.001XAUM, or 0.001oz).
- BEP‑20 on BNB Chain for faster, cheaper transfers.
For high‑net‑worth investors who want to own an entire physical bar, XAUM also issues ERC‑721 NFTs that represent a specific LBMA‑certified bar, complete with serial number, refiner, and vault location embedded in the token metadata.
The gold reserves are stored in secure, climate‑controlled vaults operated by Brink’s and Malca‑Amit. Each bar is individually tagged; the tag ID is recorded on‑chain, so anyone can audit the exact bar that backs a given token. Independent audits are performed quarterly, with the latest July2025 audit confirming 421 bars and a total of 15,109.560oz of gold.
Buying, Storing, and Redeeming XAUM
Getting your hands on XAUM is designed to be beginner‑friendly. The standard flow looks like this:
- Set up a non‑custodial wallet that supports ERC‑20 and BEP‑20 (MetaMask, Trust Wallet, etc.).
- Deposit USDC or USDT into the wallet. XAUM accepts these stablecoins for the minting process.
- Visit the Matrixdock portal, enter the amount of stablecoins you want to convert, and confirm the mint. The current mint price is $4,081.22 per ounce.
- The newly minted XAUM appears in your wallet instantly on the chosen chain.
When you decide to take the gold out of the digital world, you can request a physical redemption. The minimum is one whole ounce, and the redemption price is $4,023.76, creating a 1.4% spread that covers operational costs. Redemption requests are processed within 14days on average, with the gold shipped from the nearest vault.
Because XAUM has no annual storage fee (the cost is baked into the spread), long‑term holders can avoid the 0.5‑1.5% fees typical of traditional gold accounts.
How XAUM Stacks Up Against Other Tokenized Golds
Below is a snapshot comparison of the three most popular on‑chain gold tokens.
| Feature | Matrixdock Gold (XAUM) | PAXGold (PAXG) | TetherGold (XAUT) |
|---|---|---|---|
| Underlying Chain(s) | ERC‑20 (Ethereum) & BEP‑20 (BNB Chain) | ERC‑20 (Ethereum) | TRC‑20 (Tron) |
| Gold Purity | 99.99% (LBMA) | 99.99% (LBMA) | 99.99% (LBMA) |
| Storage Fees | 0% (covered in spread) | ~0.8% annually | ~0.5% annually |
| Redemption Minimum | 1oz | 1oz | 430oz |
| Avg. Gas Fee (peak) | $0.05 (BSC) / $1.25 (Ethereum) | $1.25 (Ethereum) | $0.30 (Tron) |
| Market Cap (Oct2025) | $61.7M | $427M | $289M |
| Custodians | Brink’s & Malca‑Amit (HK & SG) | HSBC, JPMorgan (global) | Unknown third‑party (US) |
XAUM’s biggest edge is the cross‑chain setup, which makes transactions on BNB Chain up to 37% faster and far cheaper than Ethereum‑only tokens. The ability to redeem a single ounce also opens the market to retail investors who can’t meet XAUT’s massive minimum.
Risks, Regulatory Landscape, and Criticisms
No investment is risk‑free. With XAUM, the main concerns are:
- Regulatory uncertainty: While Matrixdock operates under Singapore’s Payment Services Act and has in‑principle MAS approval, major jurisdictions like the United States still lack clear guidance on tokenized commodities.
- Custodial jurisdiction: The gold is stored in HongKong and Singapore. Investors unfamiliar with Asian regulatory frameworks may worry about legal enforceability in a dispute.
- Liquidity: XAUM’s market cap is modest, and it is listed on fewer exchanges than PAXG or XAUT. This can lead to wider bid‑ask spreads during high volatility.
- Customer support delays: User reviews on Trustpilot note average response times of 58hours for non‑urgent queries.
On the upside, the token has passed multiple third‑party audits, uses multi‑signature wallets, and offers transparent on‑chain proof of reserves. Institutional adoption is slowly rising, with 17clients-including family offices and hedge funds-already holding XAUM as of Q32024.
Future Outlook and Roadmap
Matrixdock has an aggressive roadmap:
- Q12025: Planned expansion into tokenized platinum and palladium.
- Q22025: Integration with 12 additional decentralized exchanges, boosting liquidity.
- Dec2024: Mobile app launch for seamless redemption requests.
- Long‑term: Analysts at Deloitte forecast the tokenized gold market could hit $8.3B by 2026. If XAUM captures 8‑12% of that segment, its market cap could exceed $600M.
These developments suggest a growing ecosystem, but they also hinge on the token clearing regulatory hurdles and expanding exchange listings.
Quick Guide: How to Get Started with XAUM Today
- Download a compatible wallet (MetaMask for Ethereum or Trust Wallet for BNB Chain).
- Buy USDC or USDT on a centralized exchange (e.g., Binance, Kraken) and transfer it to your wallet.
- Visit the official Matrixdock portal, select the chain you prefer, and mint the desired amount of XAUM.
- Store the token in your wallet or move it to a DeFi platform for earning yield (some platforms offer up to 1.2% APY on XAUM deposits).
- If you want the physical gold, submit a redemption request through the portal; expect delivery within two weeks.
That’s it-no custodial accounts, no hidden fees, and the gold you own is visible on the blockchain.
Frequently Asked Questions
Is XAUM truly backed 1:1 by physical gold?
Yes. Each XAUM token represents one troy ounce of 99.99% LBMA‑certified gold stored in Brink’s and Malca‑Amit vaults. Quarterly audits by Bureau Veritas confirm the 1:1 backing.
Which blockchains can I use for XAUM?
XAUM is issued as an ERC‑20 token on Ethereum and as a BEP‑20 token on BNB Chain, so you can choose the network that gives you the best speed and fees.
How do I redeem the gold for a physical bar?
Log into the Matrixdock portal, select “Redeem,” specify the number of ounces (minimum 1oz), and provide a shipping address. The gold is shipped from the nearest vault within about 14days.
Are there any hidden fees?
The only fee is the 1.4% spread between the mint and redemption price, which covers custodial and operational costs. There are no annual storage fees or hidden charges.
What are the main risks of holding XAUM?
Regulatory uncertainty in some markets, limited exchange liquidity, and potential delays in customer support are the key risks. The gold itself is secured by reputable custodians, and the token is audited, which mitigates custody risk.
Scott Hall
September 9, 2025 AT 05:58Just took a quick look at Matrixdock Gold – looks like another token trying to tie gold to crypto. The idea isn’t new, but the execution will be key. Worth keeping an eye on the roadmap.
Jade Hibbert
September 13, 2025 AT 01:58Whoa, another gold‑backed token? Yeah, right.
Leynda Jeane Erwin
September 16, 2025 AT 21:58While the concept may appear formal, the actual utility remains vague. Perhaps they’ll release a whitepaper soon.
Brandon Salemi
September 20, 2025 AT 17:58Alright, I’ve got a few thoughts. First, the token’s backing mechanism needs transparency. Second, the mint price vs. redemption price spread could bite investors. Third, community support will drive adoption. Lastly, watch for liquidity on exchanges.
Siddharth Murugesan
September 24, 2025 AT 13:58Honestly, this feels like another pump‑and‑dump scheme. The developers haven’t shown any real gold reserves, and the spread alone is a profit‑maker for them. I’d stay far away unless they prove otherwise.
Hanna Regehr
September 28, 2025 AT 09:58Let’s break down what you need to know about Matrixdock Gold (XAUM) and why it matters.
First, the token is marketed as a gold‑backed crypto, meaning each XAUM is supposed to represent a specific amount of physical gold held in reserve. This linkage aims to provide the stability of gold while retaining the liquidity and programmability of blockchain assets.
Second, the minting process: users can buy XAUM at the current mint price, which the platform updates based on market gold prices. The price is expressed in dollars per ounce, so if gold is $1,900/oz and the token represents 0.01 oz, the mint price would be roughly $19 plus a small issuance fee.
Third, redemption mechanics are crucial. To cash out, holders must meet a minimum redemption amount, often measured in ounces rather than token count. This prevents small, frequent redemptions that could strain the reserve. When you redeem, you receive physical gold (or its cash equivalent) at the prevailing redemption price, which may differ slightly from the mint price due to spread and market fluctuations.
Fourth, the spread cost – typically around 1.4% – covers operational costs, insurance, storage, and the platform’s profit margin. While it may seem modest, it can add up over large transactions, so you should factor it into your cost‑benefit analysis.
Fifth, liquidity considerations. XAUM is listed on a handful of decentralized exchanges, but depth may be limited. If you plan to trade large amounts, you may encounter slippage. Always check the order book before making sizable moves.
Sixth, regulatory outlook. Gold‑backed tokens occupy a gray area in many jurisdictions. Some regulators treat them as securities, others as commodities. Keep an eye on any legal notices from the platform, especially regarding KYC/AML compliance.
Seventh, security. As with any crypto asset, safeguard your private keys. If the platform suffers a hack, your tokens could be at risk, even if the underlying gold remains secure.
Eighth, community and transparency. Reputable projects publish regular audits of their gold reserves and provide third‑party verification. Look for reports from trusted vault auditors; these documents should be publicly accessible.
Ninth, tax implications. Depending on your country, holding a gold‑backed token may be treated like holding precious metals, which can affect capital gains calculations.
Tenth, long‑term outlook. If the platform maintains its gold reserves responsibly and expands its ecosystem-perhaps integrating DeFi lending or payments-the token could gain utility beyond a mere store of value.
In summary, Matrixdock Gold offers an intriguing hybrid of physical gold stability and blockchain flexibility, but it comes with caveats: watch the spread, ensure reserve transparency, consider liquidity, and stay updated on regulatory news. Do your due diligence before allocating significant capital.
Ben Parker
October 2, 2025 AT 05:58Yo, I’m digging the idea of a gold‑backed token, but the fees can be a buzzkill 😬. If the spread stays low, it could be a cool hedge.
Daron Stenvold
October 6, 2025 AT 01:58From a formal standpoint, the project's whitepaper lacks depth regarding audit procedures. It would be prudent for investors to demand third‑party verification. Until then, caution is advisable.
hrishchika Kumar
October 9, 2025 AT 21:58Imagine a future where your crypto wallet holds a literal ounce of gold – that’s the poetry of XAUM!
Nina Hall
October 13, 2025 AT 17:58Love the concept, and the visual of gold glimmering in a blockchain! Keep the community buzzing, and it could shine bright.