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https://www.gate.com/announcements/article/45974
The RWA Token platform announces the launch of new products such as silver and platinum, with the gold token XAUm ranking in the top three for usage.
On June 24, a tokenization platform for real-world assets (RWA) under a certain group announced that it will successively launch tokenized products such as silver, platinum, and palladium, further enriching its precious metal asset token ecosystem. The platform stated that driven by strong demand for precious metals, the silver price has risen by 25% so far, clearly breaking above the long-term resistance level of 35 dollars; meanwhile, the platinum price has skyrocketed by 44% due to supply tightening and industrial demand. Through the scaling of more precious metal tokens, the platform connects traditional bulk commodity trading with blockchain-native technology, providing investors with a diversified on-chain financial portfolio. While enhancing the inclusiveness of on-chain finance, it also offers new experimental directions for the future on-chain financialization.
It is reported that the gold token XAUm launched by the platform at the end of 2024 is highly popular in the market, ranking Top 3 in on-chain adoption for current gold token tracks. It has launched over-collateralization on mainstream protocols such as certain DEXs and supports smart dollar-cost averaging for diversified investment strategies. Currently, the total amount of gold assets managed by the platform reaches 12,569 troy ounces, all anchored to LBMA standard gold with 99.99% purity.