Circle's Arc launches its first tokenized gold asset

Circle's Arc blockchain now has its first tokenized gold asset. Matrixdock issues the asset as XAUm. Matrixdock says qualifying sellers can receive cash the same day. Matrixdock's documentation tells sellers to wait three working days. The same-day offer applies only to eligible sales. Matrixdock requires proof of the transaction first. The cash-out window follows New York hours. The vaults are twelve hours ahead. Each XAUm token represents one ounce of gold held by Brink's or Malca-Amit. Each token is traceable to a numbered bar. Matrixdock publishes reserve reports. Matrixdock also pays the auditor that checks them. A Singapore customer redeemed a token for one kilogram of gold in April 2025. The redemption took three days. London's gold market settles two days after a trade. Eva Meng, Matrixdock's head, said gold has been an institutional reserve asset for centuries. Meng said holding gold and using gold have always been different. Paxos requires 430 PAXG for a London Good Delivery bar. The customer arranges delivery. Matrixdock asks for 32.148 XAUm tokens for a one-kilogram bar. Customers collect the bar in Singapore or Hong Kong. XAUm lists eight networks, including Arc. Tether Gold runs on Ethereum and BNB Smart Chain. PAX Gold added Solana in June. PAX Gold otherwise stays on Ethereum. A collectible kilogram from XAUm costs $139,000. PAXG requires roughly $1.8 million before Paxos releases a bar. Circle launched Arc on September 16. Visa, BlackRock and Standard Chartered helped run the network. Joke-token minting sites accounted for 82% of the $410.8 million traded on Arc's opening day. XAUm was worth $70 million on May 1. Tether Gold was worth $2.52 billion. PAX Gold was worth $2.32 billion. XAUm is now priced near $4,318. Its total value is about $71 million. Matrixdock says lending will come later. Gold can be sold on Arc today. Gold cannot be borrowed against.