CoinDCX Brings Tokenized Gold Investments to Indian Users
CoinDCX, India's largest crypto exchange, has partnered with Tether Gold to offer tokenized gold investments to Indian users. The collaboration brings XAUT, a digital representation of physical gold, to CoinDCX, allowing users to trade and invest in it seamlessly.
The launch of XAUT on CoinDCX marks another step towards democratizing access to innovative digital assets for Indian investors. Tokenized gold is emerging as one of the fastest-growing categories within the real-world asset (RWA) ecosystem.
XAUT, issued by Tether Gold, represents ownership of physical gold and is backed by allocated gold reserves held in secure vaults. Each XAUT token corresponds to ownership of one troy ounce of physical gold, offering investors a digital representation of one of the world's most trusted stores of value.