CoinDCX Brings Tokenized Gold XAUT to Indian Investors with Tether Partnership

CoinDCX, India's largest cryptocurrency exchange, has partnered with Tether Gold to bring tokenized gold XAUT to Indian investors. This move marks another step in CoinDCX's mission to make digital assets more accessible to Indians through a simple and secure investment experience.

The launch of XAUT on CoinDCX allows users to trade seamlessly and access their holdings digitally. Each XAUT token represents ownership of one troy ounce of physical gold, backed by allocated reserves held in secure vaults.

CoinDCX is also introducing a SIP (Systematic Investment Plan) feature for XAUT, allowing users to start investing with as little as INR 100. This is a significant move towards making tokenized real-world assets more accessible to Indian investors, particularly those who are new to the space.

Mridul Gupta, Founding Partner at CoinDCX, emphasized the importance of making tokenized gold accessible and affordable for Indian investors. He noted that Indian investors have consistently shown a strong affinity for gold as a long-term store of value.