GoldZip Gold (XGZ)

Rank #1561

GoldZip Gold (XGZ) is a token linked to physical gold, operated by GoldZip Digital Pte. Ltd. in Singapore, with a connection to the Hong Kong Gold Exchange (HKGX). The proposal is to connect the custody of the precious metal to a tokenized format used in the context of Real World Assets (RWA) and tokenized assets.

physical gold backing and redemption

Each GoldZip token is backed by 1 gram of physical gold with a purity of 99.99%. This gold is stored in gold vaults recognized and approved by the HKGX.

Holders can redeem eligible GoldZip bars by meeting AML requirements. Thus, the mechanism seeks to align the token with the corresponding physical backing.

How the token ecosystem works

XGZ represents a fraction associated with eligible gold bars, maintaining the relationship between the tokenized asset and the metal in custody. Its operation depends on the compliance process required for redemption.

In this way, GoldZip Gold positions itself as a way to tokenize a traditional commodity, while maintaining a focus on gold backing.

Hong Kong Gold Exchange and support for the model

The Hong Kong Gold Exchange (HKGX) is Hong Kong's main spot gold and silver exchange. It was created from the corporate restructuring of the Chinese Gold& Silver Exchange Society (CGSE), with a history of more than 115 years.

With operations organized by exchange members and infrastructure for precious metals trading, the HKGX supports the custody environment and recognition of the vaults used for XGZ backing.