GoldZip Launches $XGZ, Asia’s First Exchange-Backed Gold Token

Highlights

• $XGZ is Asia’s first gold token fully backed by a recognized gold exchange, with each token representing 1 gram of 999.9 fine gold.
• The token is tradable on Uniswap and MEXC, with additional listings planned as reserves and liquidity expand.
• GoldZip targets physical gold reserves valued at $300 million by the first half of 2026, positioning it among the largest gold-backed tokens worldwide.

GoldZip, a digital gold initiative developed under the Hong Kong Gold Exchange (HKGX), has officially launched its gold-backed token, $XGZ. The release introduces Asia’s first gold token fully backed by a recognized gold exchange, combining physical gold ownership with blockchain-based settlement to support broader participation in the global gold market.

A New Entry in Exchange-Backed Digital Gold

The launch of $XGZ marks the entry of an exchange-backed asset into the digital gold sector in Asia. Each token represents ownership of 1 gram of 999.9 fine physical gold, creating a direct link between blockchain tokens and vaulted bullion. The physical gold backing is held in recognized vaults and independently verified by laboratories approved by the Hong Kong government.

All token transactions are recorded on-chain, providing verifiable ownership and transaction history. This structure brings established gold market practices into a digital format while maintaining alignment with physical asset standards used in traditional bullion trading.

Institutional Infrastructure Meets Retail Access

GoldZip is positioned to extend access to gold investment beyond traditional institutional channels. By tokenizing physical gold under the oversight of a recognized exchange, the platform enables retail investors to participate in gold markets through digital wallets while maintaining a direct claim on physical reserves.

The Hong Kong Gold Exchange, founded more than a century ago, is the sole recognized gold exchange in Hong Kong. It oversees a broad membership network of banks, refiners, jewelers, dealers, and listed companies, with daily gold trading volumes historically exceeding $100 million. This institutional framework underpins the structure and custody model used by GoldZip.

Trading Availability and Reserve Expansion Plans

At launch, $XGZ is available for trading on decentralized and centralized platforms, including Uniswap and MEXC, offering immediate market access to participants across Asia and other regions. Additional listings are planned as the ecosystem develops.

GoldZip projects that its physical gold reserves will reach a value of $300 million by the first half of 2026. If achieved, this reserve size would place $XGZ among the largest gold-backed tokens globally, alongside established offerings such as Tether Gold and Paxos Gold. The expansion is expected to support increased liquidity and wider market participation.

On-Chain Transparency and Physical Redemption

The GoldZip system is designed to maintain a one-to-one relationship between issued tokens and physical gold reserves. Tokens can be traded digitally, stored securely, or redeemed for physical gold, providing multiple options for asset use. Smart contracts record issuance and transfers, enabling continuous verification of circulating supply against vaulted holdings.

This approach aligns blockchain-based settlement with long-standing gold custody and assay practices, offering traceability without altering the underlying physical asset model.

Operational and Regulatory Framework

GoldZip operates out of Singapore through GoldZip Digital Pte. Ltd., a group member company of the Hong Kong Gold Exchange. The platform is regulated by Singapore’s Ministry of Law, providing a defined regulatory structure for its digital asset operations. This framework supports cross-border participation while maintaining compliance with applicable regulatory standards.