Arc launches XAUm, its first tokenized gold product

Arc: Arc is an open, EVM-compatible Layer-1 blockchain developed by Circle to support financial markets and on-chain economic activity. It serves as a settlement layer for stablecoins and tokenized assets, enabling efficient integration between dollar liquidity and other instruments. In this news, Arc is gaining its first tokenized gold asset through the deployment of Matrixdock's XAUm, which also enables same-day USDC redemptions. Chandhok: Nikhil Chandhok is Circle’s Chief Product and Technology Officer, responsible for product development, technology strategy, and AI initiatives that support Circle’s stablecoin and blockchain infrastructure. He contributes to advancing accessible financial products and on-chain capabilities for institutions. In the news context, he joins discussions on the next steps following the XAUm launch on Arc, Circle’s Layer-1 network. Matrixdock: Matrixdock is the real-world asset tokenization platform under BIT Group (formerly Matrixport), specializing in bringing institutional-grade reserves like physical gold, silver, and U.S. Treasuries on-chain. It emphasizes verifiable custody, allocated backing, and interoperability with blockchain networks for trading, settlement, and collateral use. The company is directly responsible for launching its tokenized gold product XAUm on Arc, marking the network's first such asset with enhanced USDC liquidity features. Eva Matrixdock: Eva Meng, referred to as Eva Matrixdock in the news, serves as Head of Matrixdock and leads its RWA initiatives focused on tokenized gold and other reserves. She has spoken on integrating physical assets with on-chain finance to modernize how traditional instruments like gold function in digital ecosystems. Her comments in the quoted discussion highlight the structural benefits of placing gold alongside USDC on Arc for same-day settlement. Integration: Eligible XAUm redemptions on Arc provide same-day access to USDC proceeds, linking tokenized gold directly with Circle's dollar stablecoin liquidity. Product Launch: Matrixdock's XAUm tokenized gold product is now live on Arc, becoming the network's first tokenized gold asset. Ecosystem Expansion: Arc now supports a family of assets including tokenized gold alongside USDC, EURC, cirBTC, and USYC, enhancing its role as an on-chain financial infrastructure.