XAUm is now powered by Chainlink on Venus to make tokenized gold a collateral asset in BNB Chain lending markets.
XAUm is Venus Protocol’s first RWA collateral asset, backed by 1 troy ounce of LBMA-standard gold issued by Matrixdock.
Chainlink has enabled the pricing layer for tokenized gold on BNB Chain through a new XAUm collateral listing on Venus Protocol. The move brings gold-backed real-world assets into Venus lending markets and offers users a way to access liquidity without selling their gold. XAUm is the first real-world asset collateral listed on Venus.
XAUm is issued by Matrixdock, the real-world asset platform of Matrixport. Each token contains 1 troy ounce of 99.99% pure gold, meeting the criteria of the London Bullion Market Association.
Tokenized gold on @BNBCHAIN’s largest lending market @VenusProtocol is now powered by Chainlink.
Issued by @matrixdock, XAUm is bringing the $35 trillion gold market onchain through Chainlink SmartData.
LINK gold. https://t.co/
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