Circle's Arc blockchain launches first tokenized gold asset XAUm
- —XAUm is backed by gold held at Brink's and Malca-Amit vaults
- —XAUm is worth about $71M versus $2.52B for XAUt and $2.32B for PAXG
- —Redeeming a 1 kg bar takes 32.148 XAUm, versus 430 PAXG at Paxos
- —Meme-coin platforms drove 82% of Arc's $410.8M first-day volume
Why it matters: Tokenized gold on Circle's bank-focused Arc could draw institutions into RWA, though XAUm liquidity remains thin.
Source: BeInCrypto DE