Gate News, March 17 — RWA platform Matrixdock announced the launch of the institutional-grade silver token XAGm, bringing the widely traded precious metal in traditional markets onto the blockchain. The product is backed by fully physical silver as the underlying asset and introduces silver bar assets that meet LBMA (London Bullion Market Association) Good Delivery standards, stored in institutional vaults. XAGm uses Matrixdock’s FRS (Fungible Reserve Standard) issuance framework to establish a verifiable link between on-chain token supply and underlying asset holdings. It will initially be deployed on the Ethereum network, with plans to expand to more blockchain ecosystems in the future. Eva Meng, head of Matrixdock, stated that currently, there are limited tokenized silver products meeting institutional standards. XAGm will feature fully physical silver assets stored in professional vaults and operate within a clear and verifiable framework. This launch also marks the further expansion of the Matrixdock Reserve Layer system and enriches the on-chain precious metals reserve asset ecosystem.
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