Matrixdock completes fourth semiannual reserves audit for XAUm and XAGm tokens

Bureau Veritas verified 574 LBMA-accredited bars in Singapore and Hong Kong, covering about $66.09 million of gold and $4.04 million of silver with no discrepancies found.

Summary

Matrixdock, part of BIT, said Bureau Veritas completed its fourth consecutive semiannual reserve audit for its tokenized precious-metals products, with tokenized silver XAGm included for the first time alongside XAUm. The verification covered 574 LBMA-accredited bars stored in vaults in Singapore and Hong Kong, and the company said no discrepancies were found. At the stated prices, the audited holdings covered about $66.09 million of gold and $4.04 million of silver. Matrixdock has said its reserve assets match circulating token supply and that it continues to support transparency through monthly reserve reports and on-chain Proof of Reserves.

Terms & Concepts
  • Proof of Reserves: A method of showing that issued tokens are backed by the assets a company says it holds.
  • LBMA-accredited bars: Precious-metals bars that meet standards recognized by the London Bullion Market Association.
  • tokenized silver: Silver represented by digital tokens backed by physical holdings.