xagm

According to market news, the RWA platform Matrixdock has announced the launch of the institutional-grade silver token XAGm, bringing silver, a widely traded precious metal commodity in traditional markets, into on-chain finance.This product is backed by fully physically allocated silver as the underlying asset and introduces silver bar assets that comply with LBMA Good Delivery standards, which are custodied through institutional-grade vaults. XAGm adopts Matrixdock's FRS (Fungible Reserve Standard) issuance framework, establishing a verifiable correspondence between on-chain token supply and underlying asset holdings, and will initially be deployed on the Ethereum network, with plans to expand to more blockchain ecosystems in the future.Eva Meng, head of Matrixdock, stated that there are still relatively few tokenized silver products that meet institutional-grade standards in the market. XAGm will bring fully physically allocated silver assets, custodied by professional vaults, onto the chain and operate within a clear and verifiable framework.This release also marks further expansion of the Matrixdock Reserve Layer system and enriches the on-chain precious metal reserve asset system.