Matrixdock has introduced XAGm, a new institutional-grade silver token, marking a significant step in bringing silver into on-chain finance. The token is backed by physically allocated silver bars that comply with the LBMA Good Delivery standard, stored in secure institutional-grade vaults. XAGm is issued under Matrixdock's Fungible Reserve Standard (FRS), ensuring a one-to-one correspondence between the token supply and the underlying silver assets. Initially available on the Ethereum network, XAGm aims to expand to other blockchain ecosystems. Eva Meng, Head of Matrixdock, highlighted the scarcity of institutional-grade tokenized silver products in the market, emphasizing XAGm's role in enhancing the on-chain framework for precious metal reserves. This launch further extends Matrixdock's Reserve Layer ecosystem, offering a transparent and verifiable approach to tokenized silver assets.
Matrixdock Launches XAGm Silver Token Backed by Physical Silver
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