The tokenized gold product XAUa, issued by AlphaToken, has officially launched on the Sui network. The announcement was made by the network on Wednesday, marking a new step in bringing regulated financial assets onchain.
The XAUa token is minted utilizing Sui’s Permissioned Asset Standard. This technical framework allows issuers to maintain control over asset holders and transfer permissions, which is a requirement for regulated financial products.
TBook is responsible for managing the onchain gold vault and overseeing the distribution of the tokens. The company stated that the launch is part of a broader effort to increase investor focus on gold as an asset class.
