Hong Kong Gold Exchange’s gold token XGZ to go cross‑chain via Chainlink CCIP
The Hong Kong Gold Exchange (HKGX) is moving its gold-backed digital token off a single chain. In an October 27 announcement, Chainlink said GoldZip—the issuer of XGZ—is working with blockchain developer Midas Labs to integrate Chainlink’s Cross‑Chain Interoperability Protocol (CCIP). The upgrade is designed to let XGZ move securely between supported blockchain networks instead of remaining solely on Ethereum.
Why this matters
- XGZ currently exists as an ERC‑20 token on Ethereum. CCIP integration would allow holders to transfer XGZ across other chains supported by Chainlink’s cross‑chain infrastructure, potentially widening access to new liquidity pools, ecosystems and rails.
- Chainlink’s CCIP offers a standardized framework for token and message transfers between blockchains, while letting issuers control how their assets move across networks.
Context and institutional momentum
- Chainlink launched CCIP 2.0 on September 28 with a focus on institutional digital assets and cross‑chain transactions; GoldZip was named among integration partners for the upgraded protocol alongside firms including Deutsche Börse Group’s Crypto Finance, Fidelity International, Google Cloud and SBI Digital Markets.
- Institutional adoption of CCIP has been growing: BitGo selected Chainlink’s protocol for its Wrapped Bitcoin cross‑chain infrastructure in August, and Chainlink reported more than $15 billion in token migrations through CCIP during 2026 in its October quarterly review.
About GoldZip and XGZ
- XGZ is a tokenized claim on physical gold held in approved vaults. Each token represents one gram of 99.99% fine gold and is divisible to 0.00000001 XGZ, enabling transfers of fractional grams.
- GoldZip charges a 0.01% transfer fee (paid by the sender). Physical redemption is possible for larger quantities (1,000 XGZ = 1 kilogram), subject to eligibility and anti‑money‑laundering requirements.
- GoldZip’s transparency page lists allocated gold bars (serial numbers, refiners, weight, storage) and states independent audit reports are forthcoming. The site shows roughly 39,000 XGZ in circulation—equivalent to about 39 kg of gold.
HKGX background and partnerships
- HKGX traces its roots to 1910 and is described by Chainlink as the world’s fourth‑largest gold trading venue by volume. The exchange restructured in January 2025 and serves nearly 150 institutional members, offering precious metals trading infrastructure in Hong Kong.
- GoldZip and Midas Labs announced a partnership earlier this year naming Midas Labs as GoldZip’s designated Web3 development partner to build infrastructure that links physical gold reserves to digital markets.
Corporate and procedural updates
- On October 15 GoldZip announced a change to its issuer structure: GoldZip Company Limited (incorporated in the British Virgin Islands) will replace Singapore‑based GoldZip Pte Limited as the issuer of XGZ. The new issuer is part of the same HKGX group and will assume existing issuer responsibilities and liabilities. Holders had until November 5, 2026 at 11:59 p.m. UTC to object to the change.
Next steps
- The CCIP integration is ongoing through GoldZip and Midas Labs. Once completed, XGZ could appear on additional supported networks beyond Ethereum, enabling cross‑chain transfers under Chainlink’s CCIP rules. HKGX executives have said the exchange needs to explore blockchain‑based trading as markets adopt new technologies.
This move aligns a tokenized physical‑asset project with infrastructure increasingly embraced by institutional players, and marks a notable push to make tokenized gold more portable across the blockchain ecosystem.
The Hong Kong Gold Exchange (HKGX) is moving its gold-backed digital token off a single chain. In an October 27 announcement, Chainlink said GoldZip—the issuer of XGZ—is working with blockchain developer Midas Labs to integrate Chainlink’s Cross‑Chain Interoperability Protocol (CCIP). The upgrade is designed to let XGZ move securely between supported blockchain networks instead of remaining solely on Ethereum.
Why this matters
- XGZ currently exists as an ERC‑20 token on Ethereum. CCIP integration would allow holders to transfer XGZ across other chains supported by Chainlink’s cross‑chain infrastructure, potentially widening access to new liquidity pools, ecosystems and rails.
- Chainlink’s CCIP offers a standardized framework for token and message transfers between blockchains, while letting issuers control how their assets move across networks.
Context and institutional momentum
- Chainlink launched CCIP 2.0 on September 28 with a focus on institutional digital assets and cross‑chain transactions; GoldZip was named among integration partners for the upgraded protocol alongside firms including Deutsche Börse Group’s Crypto Finance, Fidelity International, Google Cloud and SBI Digital Markets.
- Institutional adoption of CCIP has been growing: BitGo selected Chainlink’s protocol for its Wrapped Bitcoin cross‑chain infrastructure in August, and Chainlink reported more than $15 billion in token migrations through CCIP during 2026 in its October quarterly review.
About GoldZip and XGZ
- XGZ is a tokenized claim on physical gold held in approved vaults. Each token represents one gram of 99.99% fine gold and is divisible to 0.00000001 XGZ, enabling transfers of fractional grams.
- GoldZip charges a 0.01% transfer fee (paid by the sender). Physical redemption is possible for larger quantities (1,000 XGZ = 1 kilogram), subject to eligibility and anti‑money‑laundering requirements.
- GoldZip’s transparency page lists allocated gold bars (serial numbers, refiners, weight, storage) and states independent audit reports are forthcoming. The site shows roughly 39,000 XGZ in circulation—equivalent to about 39 kg of gold.
HKGX background and partnerships
- HKGX traces its roots to 1910 and is described by Chainlink as the world’s fourth‑largest gold trading venue by volume. The exchange restructured in January 2025 and serves nearly 150 institutional members, offering precious metals trading infrastructure in Hong Kong.
- GoldZip and Midas Labs announced a partnership earlier this year naming Midas Labs as GoldZip’s designated Web3 development partner to build infrastructure that links physical gold reserves to digital markets.
Corporate and procedural updates
- On October 15 GoldZip announced a change to its issuer structure: GoldZip Company Limited (incorporated in the British Virgin Islands) will replace Singapore‑based GoldZip Pte Limited as the issuer of XGZ. The new issuer is part of the same HKGX group and will assume existing issuer responsibilities and liabilities. Holders had until November 5, 2026 at 11:59 p.m. UTC to object to the change.
Next steps
- The CCIP integration is ongoing through GoldZip and Midas Labs. Once completed, XGZ could appear on additional supported networks beyond Ethereum, enabling cross‑chain transfers under Chainlink’s CCIP rules. HKGX executives have said the exchange needs to explore blockchain‑based trading as markets adopt new technologies.
This move aligns a tokenized physical‑asset project with infrastructure increasingly embraced by institutional players, and marks a notable push to make tokenized gold more portable across the blockchain ecosystem.