Matrixdock Completes Second Consecutive Year of Independent Reserve Verification, Continuously Enhancing Reserve Transparency System
- Core Viewpoint: Matrixdock has completed its fourth consecutive semi-annual independent reserve audit, incorporating the tokenized silver XAGm into scope. Through physical verification, it confirmed that the reserve assets for tokenized gold XAUm and silver match the number of circulating tokens, continuously strengthening its reserve transparency system.
- Key Elements:
- The audit was conducted by international inspection and certification body Bureau Veritas, covering three institutional-grade vaults (Malca-Amit, Brink's Hong Kong and Singapore), involving weight measurement and dimensional inspection of every individual precious metal bar.
- The XAUm audit covered 508 gold bars with a total weight of 16,331.184 troy ounces, corresponding to a circulating supply of 16,331.179 tokens distributed across four chains: EVM, Sui, Solana, and Stellar, representing an asset value of approximately $66.09 million.
- XAGm was included in the audit for the first time, covering 66 silver bars with a total weight of 65,934 troy ounces, corresponding to a circulating supply of 65,998.551 tokens distributed across the Ethereum and Sui networks, representing an asset value of approximately $4.04 million.
- Audit results showed that XAUm reserve assets were completely consistent with the circulating token supply; after adjusting the ozPerToken value, XAGm also maintained consistency, with no discrepancies identified.
- In addition to periodic audits, Matrixdock continues to publish monthly reserve reports, on-chain proof of reserves, and a gold bar allocation query tool, achieving multi-layered, continuously verifiable reserve assets.
Recently, Matrixdock, the RWA tokenization platform under BIT (formerly Matrixport), completed its fourth consecutive semi-annual independent reserve audit. This audit was again conducted by Bureau Veritas, an international inspection and certification body, for independent reserve verification, and expanded the audit scope to include the tokenized silver product XAGm. Covering the underlying precious metal reserves of XAUm and XAGm, this audit marks Matrixdock's achievement of maintaining a consistent and ongoing independent verification process for two consecutive years, further enhancing its reserve transparency system.
Two Consecutive Years of Independent Verification, Continuously Improving the Reserve Transparency System
According to information released by Matrixdock, this represents its fourth consecutive semi-annual independent reserve audit and the second consecutive year that Bureau Veritas has performed the independent reserve verification.
Matrixdock stated that consistently using the same independent audit firm for verification helps establish a stable and consistent verification process. It also allows the auditor to gain a deeper understanding of its reserve structure, making it easier to identify potential anomalies in the future. As tokenized assets gradually integrate into financial infrastructure, long-term trust comes not just from a single audit, but from a stable and ongoing verification mechanism.
Matrixdock refers to this system, composed of multi-layered verification mechanisms, as the Reserve Transparency Stack. It provides holders with continuous verifiability of the underlying assets backing the tokens.
Audit Scope Extended to XAGm, Completing Physical Verification of Precious Metal Reserves
According to Bureau Veritas's audit findings, this audit conducted a physical verification of Matrixdock's precious metal reserves and confirmed that the reserve assets matched Matrixdock's records.
The audit covered a total of 574 gold and silver bars from LBMA (London Bullion Market Association)-accredited refiners, stored across three institutional-grade vaults:
● Malca-Amit Singapore (audit completed on July 3, 2026)
● Brink's Hong Kong (audit completed on July 8, 2026)
● Brink's Singapore (audit completed on July 15, 2026)
During the audit process, all precious metal bars were individually weighed and measured. Compared to the H2 2025 audit, 26 new gold bars were added, and the audit scope expanded to include 66 silver bars.
As of the audit date, XAUm (Tokenized Gold):
● Total gold bars audited: 508
● Corresponding gold weight: 16,331.184 troy ounces
● Total XAUm in circulation: 16,331.179 tokens, distributed as follows:
EVM Chains: 11,242.657 tokens;
Sui Network: 2,677.413 tokens;
Solana Network: 1,575.248 tokens;
Stellar Network: 771.552 tokens;
● Based on a gold price of $4,046.86 per troy ounce, the corresponding asset value is approximately $66.09 million.
This semi-annual independent reserve audit also covered XAGm (Tokenized Silver). As of the audit date:
● Total silver bars audited: 66
● Corresponding silver weight: 65,934 troy ounces
● Total XAGm in circulation: 65,998.551 tokens, distributed as follows:
Ethereum Network: 33,004.219 tokens;
Sui Network: 32,990 tokens;
● Current ozPerToken: 0.999021918;
● Based on a silver price of $61.24 per troy ounce, the corresponding asset value is approximately $4.04 million.
The audit results show that all precious metal bars were reconciled against relevant vault records, with no discrepancies found. As of the audit date, assets backing XAUm matched the number of tokens in circulation; assets backing XAGm, after applying the corresponding ozPerToken value, also matched the number of tokens in circulation.
From Periodic Audits to Continuous Verification, Reserve Transparency is Becoming a Foundational Capability for On-Chain Finance
In addition to semi-annual independent reserve audits, Matrixdock continuously discloses monthly reserve asset reports, on-chain Proof of Reserves for its precious metal products, and the Gold Allocation Lookup tool. This tool allows holders to query the mapping relationship between specific gold bars and their corresponding tokens, enabling continuous verification of underlying assets that does not rely solely on periodic audit results, together forming a continuously updated record of transparency.
Matrixdock stated that it will continue to evaluate the possibility of collaborating with global third-party service providers to further enhance asset-level verification capabilities for off-chain reserve assets, while safeguarding client privacy.
When underlying reserves remain consistently verifiable, these reserve assets can participate in more on-chain financial scenarios, such as institutional fund management, financial applications, and lending markets. As tokenized assets evolve from mere asset mapping tools into financial infrastructure, the ongoing verifiability of underlying reserves is becoming a key foundation for assessing the quality of reserve assets. This fourth consecutive completion of the semi-annual independent reserve audit demonstrates Matrixdock's long-term commitment to building the Reserve Layer for on-chain finance.
Original Link: https://www.matrixdock.com/blog/announcements/reserve-transparency-built-through-continuous-operation-matrixdock-marks
