Falcon Finance Releases Tokenized Gold Research, Matrixdock XAUm Selected as One of Top Five Gold Token Projects
- Core Viewpoint: Tokenized gold has become a key sample for RWA development.
- Key Elements:
- Gold has global pricing and mature delivery standards.
- Market focus is shifting towards structural issues like asset backing and custody.
- Third-party research (e.g., Falcon Finance) provides important market reference.
- Market Impact: Promotes standardization and transparency in RWA asset structures.
- Timeliness Note: Medium-term impact.
As RWA gradually transitions from proof-of-concept to structural development, tokenized gold is emerging as one of the few asset classes that consistently attracts attention from both the traditional financial system and the crypto market. Unlike other forms of RWA that rely on legal structures, cash flow assumptions, or regional policy environments, gold itself possesses a globally unified pricing mechanism, a long-term liquidity foundation, and mature physical delivery standards, making it a crucial sample for testing the "verifiability and long-term operational capability of asset tokenization."
Precisely because of this uniqueness, industry discussions surrounding tokenized gold have clearly shifted from early questions of "feasibility" and "compliance" to a focus on structural issues such as the correspondence of underlying assets, physical custody arrangements, and information disclosure methods. At this stage, third-party research institutions, by presenting mainstream gold tokenization solutions through horizontal comparisons, are gradually becoming an important reference path for the market to understand this sector.
Research Framework for Tokenized Gold: Market Overview from a Third-Party Perspective
Against this backdrop, the digital asset research platform Falcon Finance recently published a research article titled "The Digitalization of Bullion: A Deep Dive into Tokenized Gold and How to Earn from It," providing a consolidated overview of current tokenized gold-related projects. The research presents several representative gold tokenization schemes through tables and project analyses, enabling readers to observe the differences in structural design among various projects through comparison.
Within the research framework constructed by Falcon Finance, XAUm, the gold token launched by Matrixport's RWA platform Matrixdock, is included in its research scope for "The Big Five of Gold Tokens," being showcased alongside several international gold tokenization schemes.
Multi-Path Practices of Tokenized Gold: From Asset Form to Structural Design
By presenting multiple gold token projects, Falcon Finance's research showcases the diversified practices of tokenized gold under different structural paths. The related projects exhibit clear differences in aspects such as the gold valuation method corresponding to each token, physical gold custody arrangements, and asset structure design.
These differences are not simple judgments of superiority or inferiority but reflect the various implementation methods of tokenized gold under different use cases and design orientations. By placing different schemes within the same research framework for presentation, the related research content provides the market with a reference perspective for observing the current structure of the tokenized gold market.
Within this research framework, XAUm is presented as one of the samples, becoming a specific case among the various practical paths of tokenized gold.
XAUm's Asset Structure and Custody Logic
XAUm is a gold-backed token launched by Matrixdock. Each XAUm token corresponds to 1 troy ounce of physical gold bars compliant with LBMA standards, with physical gold reserves serving as its underlying asset foundation.
According to publicly disclosed information, the physical gold corresponding to XAUm is primarily custodied within professional vault systems in Singapore and Hong Kong. Related gold reserve information is continuously disclosed externally in a queryable format and, combined with third-party verification mechanisms, establishes a verifiable correspondence between the quantity of gold reserves, bar specifications, and the on-chain XAUm token supply that can be consistently checked by external parties.
This design path, centered on physical custody, continuous disclosure, and verifiable correspondence, positions XAUm within the different practical models of tokenized gold as one that emphasizes asset authenticity and long-term transparency. In Falcon Finance's research content, similar custody arrangements and structural information are presented as important components of the parallel showcase.
Industry Significance of Inclusion in the Top Five Research Scope
In the still-evolving niche market of tokenized gold, being included in a systematic presentation and comparison by a third-party research institution itself signifies that the project has entered the purview of international research and discussion. Falcon Finance's related research is based on public information, presenting different gold tokenization schemes in parallel, rather than being based on commercial partnerships or business adoption.
XAUm's inclusion in the research scope of the top five gold token projects reflects that its product structure and practical path have become one of the important samples considered by international research institutions when observing the tokenized gold market. This type of research content often provides the market with a more long-term, structured reference perspective rather than short-term product evaluation.
Conclusion
As tokenized gold gradually moves from the proof-of-concept stage to more complex operating environments, the market's focus on gold tokens is also shifting from short-term trading attributes to more fundamental issues such as asset structure, physical custody arrangements, and long-term verifiability. In this process, the design paths adopted by different projects will continue to undergo scrutiny from research institutions, market participants, and regulatory environments.
XAUm's inclusion in Falcon Finance's systematic research on the tokenized gold market provides a representative real-world case for observing the diversified practices in this sector and offers a clear reference for understanding the potential future development directions of tokenized gold.


