Cap and Matrixdock Bring Tokenized Gold Into Onchain Credit Markets

Cap, a credit platform powered by financial guarantees, said Matrixdock’s XAUm became the first tokenized real-world asset accepted as collateral within Cap’s protocol. The update matters to organizations tracking how tokenized assets connect with onchain credit uses.

Under the integration, Cap added XAUm, Matrixdock’s tokenized gold product, as a supported collateral asset. The companies said XAUm holders gained access to new onchain credit use cases, and the integration was presented as validation of XAUm’s adoption as an institutional-grade tokenized gold asset.

The press release described XAUm as representing ownership of physical gold, with each token backed by one troy ounce of 99.99% purity LBMA-accredited gold stored securely in professional vaults. It also cited independent audits from Bureau Veritas and onchain proof-of-reserves verification.

Cap said the integration placed tokenized gold into the collateral flow. Benjamin Sarquis Peillard, Founder & CEO of Cap, said, “Cap was built around a simple idea: any high-quality asset should be able to support credit when backed by real, escrowed collateral,” said Benjamin Sarquis Peillard, Founder & CEO of Cap. “XAUm demonstrates exactly what's possible when real-world assets become programmable. Gold has served as a reserve asset for centuries. Now it can actively participate in onchain credit markets.”

Provided by Globe Newswire on behalf of Cape. Click to read original content.