CoinDCX Brings Tokenized Gold to Indian Investors via Tether Gold Partnership
CoinDCX, India's largest crypto exchange, has partnered with Tether Gold to bring tokenized gold XAUT to Indian investors. This move marks another step in CoinDCX's mission to democratize access to digital assets and make them accessible to a wider audience.
The partnership allows XAUT to be traded on CoinDCX, along with the launch of a Systematic Investment Plan (SIP) that starts at INR 100. This makes it easier for Indian investors to build a disciplined long-term exposure to gold through systematic investments.
XAUT is a digital representation of physical gold, 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.