Matrixdock: Gold tokenization can solve the financial trust problem of gold reserves

Odaily News Matrixdock, a platform for real-world asset on-chainization, published a statement saying that gold has soared 46% in less than a year. Its price has been driven by the demand for central bank purchases that have shifted from hedging against geopolitical risks and away from the hegemony of the U.S. dollar to a risk-averse hedging behavior under Trump's ever-changing tariff policies. Gold remains firmly the number one safe-haven asset.
As demand for physical gold delivery soars, short squeezes are severe. Currently, open interest in gold futures has increased by 750%, and the "Futures for Physical" (EFP) mechanism connecting the New York Mercantile Exchange (COMEX) and the London Bullion Market Association (LBMA) is under great pressure. At the same time, Elon Musk publicly questioned the true state of the gold reserves in Fort Knox, sparking discussions about the last credible audit of the US gold reserves.
Gold tokenization can solve the financial trust problem of gold reserves. XAUm, the gold token launched by Matrixdock, combines gold with blockchain technology. 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. At the same time, XAUm supports physical gold delivery in Singapore and Hong Kong.