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 to Indian investors. The collaboration allows users to trade XAUT, the world's largest tokenized gold product by market capitalization, on CoinDCX. Additionally, CoinDCX has launched a SIP (Systematic Investment Plan) for XAUT, allowing users to invest in tokenized gold with as little as INR 100.

Tokenized gold combines the value of physical gold with blockchain technology, enabling investors to own fractional exposure and trade seamlessly. Each XAUT token represents ownership of one troy ounce of physical gold, backed by allocated gold reserves held in secure vaults.

CoinDCX's Founding Partner, Mridul Gupta, said, 'Indian investors have consistently demonstrated a strong affinity for gold as a long-term store of value.' He added, '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.'

The launch reinforces CoinDCX's strategy of expanding beyond traditional crypto assets by introducing globally relevant investment products. The company believes that tokenized real-world assets like XAUT will play an increasingly important role in diversified digital portfolios.