Matrixdock expands tokenized silver XAGm to Sui for active DeFi use
Crypto Briefing
Matrixdock has launched its XAGm tokenized silver product on the Sui blockchain to enable its use in decentralized finance applications.Summary
Matrixdock has expanded its tokenized silver asset, XAGm, to the Sui blockchain, marking the first time the asset is available outside of Ethereum. Each token is backed 1:1 by LBMA-certified physical silver stored in Asia. The Sui Foundation has supported this move by allocating treasury funds to the asset, aiming to provide DeFi users with new collateral and yield-generating opportunities. While the integration offers significant utility for portfolio diversification, investors are advised to carefully evaluate custody, transparency, and audit standards associated with physically-backed digital assets.
(Source：Crypto Briefing)