Matrixdock launches its silver token XAGm, incorporating LBMA standard physical silver and adopting the FRS issuance framework.
PANews reported on March 17th that RWA platform Matrixdock announced the launch of its institutional-grade silver token, XAGm, bringing silver, a precious metal commodity widely traded in traditional markets, to on-chain finance. The product is backed by fully physically disposed silver and incorporates silver bars compliant with the LBMA Good Delivery standard, held in custody through an institutional-grade vault. XAGm adopts Matrixdock's FRS (Fungible Reserve Standard) issuance framework, establishing a verifiable correspondence between on-chain token supply and underlying asset holdings. It will initially be deployed on the Ethereum network, with plans to expand to more blockchain ecosystems in the future.
Eva Meng, head of Matrixdock, stated that there are currently limited tokenized silver products on the market that meet institutional-grade standards. XAGm will bring fully physically allocated silver assets, held in custody by a professional vault, onto the blockchain and operate within a clear and verifiable framework. This launch also marks a further expansion of the Matrixdock Reserve Layer system and enriches the on-chain precious metal reserve asset system.
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