MetaComp has launched the commercial roll-out of tokenised gold capabilities after successfully completing a proof-of-concept for XAUT.
MetaComp has launched tokenised gold solutions after successfully completing a proof-of-concept for XAUT (Tether Gold) across cross-border payments, long-term value preservation, and gold-collateralised working capital.
The proof-of-concept test involved executing a US$10,000 equivalent cross-border transfer from USD to EUR by purchasing XAUT with USD in Singapore. The purchased XAUT is then swapped for EUR and sent to a European bank account.
The significance of the test showed that gold-backed stablecoin could be used to preserve value much like the physical commodity, and offers a compelling alternative for institutional treasury operations seeking to preserve value during settlement. MetaComp’s clients can also pledge XAUT as collateral to access USD, USDT, or USDC via WealthX, a group-level treasury and wealth management solution.
Dr Bo Bai, Executive Chairman and Co-Founder of Alpha Ladder Group, said: “Our proof-of-concept has demonstrated that XAUT can function not only as a passive asset, but as a live cross-border payment instrument and a source of working capital through collateralised lending.”
Eddie Hui, Co-President of MetaComp, said: “The cross-border payment proof-of-concept is a testament to that — XAUT moving seamlessly from USD to EUR, delivered into a European bank, end-to-end on our platform.”
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