Matrixdock Launches XAGm Silver Token Backed by LBMA-Compliant Physical Silver

PANews, March 17: According to PRNewswire, the RWA platform Matrixdock has announced the launch of XAGm, an institutional-grade silver token, bringing silver—a widely traded precious metal commodity in traditional markets—into on-chain finance. The product is backed by physically allocated silver assets, incorporating silver bars compliant with the LBMA Good Delivery standard, and held in institutional-grade vaults. XAGm is issued under Matrixdock’s FRS (Fungible Reserve Standard) framework, establishing a verifiable one-to-one correspondence between on-chain token supply and underlying asset holdings. It will initially be deployed on the Ethereum network, with plans to expand to additional blockchain ecosystems in the future. Eva Meng, Head of Matrixdock, stated that tokenized silver products meeting institutional-grade standards remain limited in the current market. XAGm introduces physically allocated silver assets, securely custodied by professional vaults, into the on-chain space under a transparent and verifiable framework. This launch also marks a further expansion of Matrixdock’s Reserve Layer ecosystem and enriches the on-chain framework for precious metal reserves.