WEEX has launched tokenized gold PAXG and XAUT, and tokenized silver ETF SLVON.
TL;DR
WEEX exchange launched tokenized gold (PAXG, XAUT) and silver ETF (SLVON) for 24/7 trading, backed by physical assets, with plans to add more precious metal tokens.
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[WEEX Launches Tokenized Gold PAXG, XAUT, and Tokenized Silver ETF SLVON] Mars Finance reports that on December 30th, WEEX exchange announced the launch of tokenized gold spot and contract trading, including PAX Gold (PAXG) and Tether Gold (XAUt), all backed 1:1 by physical gold. In addition, WEEX has also launched SLVON, a tokenized project tracking the world's largest and most liquid silver ETF, iShares Silver Trust. These tokenized projects track real-world gold and silver prices, support 24/7 trading, and allow users to choose contract pairs for leveraged and two-way trading, leveraging the recent surge in precious metals prices to amplify investment returns.
WEEX stated that the platform plans to launch a precious metals zone in the future and list more precious metal tokens such as Matrixdock Gold (XAUM), Comtech Gold (CGO), and Kinesis Silver (KAG) to meet users' trading needs.