Matrixdock: Gold tokenization can solve the financial trust problem of gold reserves
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星球日报|Feb 19, 2025 12:41
Odaily Planet Daily News: Matrixdock, a real-world asset chain platform, published an article stating that gold has surged 46% in less than a year, and its price has gradually evolved from a geopolitical risk hedge and a central bank purchase demand that breaks away from the US dollar hegemony to a safe haven behavior under Trump's changing tariff policies. Gold remains the top safe haven asset.
With the soaring demand for physical delivery of gold, short positions are being squeezed severely. At present, the number of open gold futures contracts has increased by 750%, putting great pressure on the "Futures to Spot" (EFP) mechanism connecting the New York Mercantile Exchange (COMEX) and the London Bullion Market Association (LBMA). Meanwhile, Elon Musk publicly questioned the true condition of the Knox Fort gold reserves, sparking discussions about the last credible audit of US gold reserves.
Gold tokenization can solve the financial trust problem of gold reserves. The gold token XAUm launched by Matrixdock combines gold with blockchain technology, and through 1:1 physical gold reserves and transparent and traceable smart contracts, it can solve one of the most long-standing problems in the gold market - verifiable reserves. Meanwhile, XAUm supports physical delivery of gold in places such as Singapore and Hong Kong.
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