Sui launches a new gold-backed RWA DeFi application, supporting on-chain lending and yield generation

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BlockBeats message, May 12 — The Sui Network ecosystem ushered in a new expansion of real-world asset (RWA) applications, as Creek Finance announced that it has gone live with its core protocol on the Sui mainnet and integrated the gold token XAUm developed by Matrixdock.

The protocol allows users to split tokenized physical gold, collateralize it for lending and borrowing, trade it, and generate yields on-chain, enabling DeFi operations around gold assets. XAUm is backed 1:1 by physical gold, and is verified through third-party audits and on-chain reserve proof mechanisms.

Creek Finance said that this launch marks the completion of its core contract deployment, allowing users to execute leverage and yield strategies based on gold assets in a permissionless environment, further expanding the application scenarios of RWA in DeFi.

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