Matrixport Ventures, the investment arm of Matrixport, has completed a strategic reserve of XAUm equivalent to US$3 million and plans to increase its holdings of XAUm in stages.
XAUm is a tokenized gold backed by physical gold certified by LBMA, and offers offline redemption of physical gold in Singapore and Hong Kong.
XAUm is seen as a strategic asset for hedging against cyclical fluctuations and inflation risks, and is becoming important for on-chain financial asset allocation.
Matrixport's strategic reserve of XAUm aims to enhance risk resistance, optimize financial reserves, and help in the efficient allocation of high-quality assets.