CoinDCX Brings Tokenized Gold to India with Tether Gold Partnership
CoinDCX, India's largest crypto exchange, has partnered with Tether Gold to bring tokenized gold to Indian investors. The launch includes XAUT, a digital asset that represents ownership of physical gold, and the introduction of Systematic Investment Plans (SIPs) starting at INR 100.
The collaboration aims to make tokenized gold more accessible to Indian investors by bringing globally recognized digital assets to the country. Tokenized gold combines the intrinsic value of physical gold with blockchain technology, enabling investors to own fractional exposure and trade seamlessly.
'Indian investors have consistently demonstrated a strong affinity for gold as a long-term store of value,' said Mridul Gupta, Founding Partner at CoinDCX. 'Through our partnership with Tether Gold, we're bringing that familiarity into the digital era by making tokenized gold accessible, affordable, and easy to invest in.'