In early 2026, the volatility of the global macroeconomic environment contributed to the structural revaluation of the precious metals market. Under the double pressure of increased geopolitical frictions and fluctuations in the purchasing power of statutory currencies, gold and silver prices are at record highs and serve as a safe haven for financial competition.
At the same time, real-world asset (RWA) token narratives are catalyzing precious metals. And this is no longer just a proof of concept, but has evolved into a billion mature markets.
USDT issuerTether @tether The company has issued XAUT coins based on ERC-20, each of which is linked to a strict 1:1 for high-purity physical gold stored in a Swiss vault (3131.1035 g)
This asset anchoring mechanism is guaranteed by the custodians (e.g. the Treasury of the Alpha Group in Switzerland). Tether Gold coins are made by authorized purchasers (AGCLs) and after the platform users have paid the French coin, Tether's official sentence from AGCL for the equivalent of gold to be endorsed and the equivalent coins forged.
It's different from the general kind of gold. At present, Tether Gold can circulate on block chains such as the ETC-20 and Waves-20 to support point-to-point transfer and multiple exchanges. It is technically in the form of a standard stable currency, but the value of the asset follows the value of the money
But isn't this an empty check on the chain?
Tether Gold wrote in the official disclosure document that each XAUT represents an interest in an ounce of LBMA London Good Delivery standard gold bar; these gold bars can be identified with serial numbers, weights, purity, etc.And Tech Gold operates a look-up Website that can search for specific gold bars from a chain address
In the case of silver coins, it is represented by XAGx. XAGx, published by Neomo Technology, is a silver-stabilized currency based in Avalanche C-Chain
Similar to Tether Gold, the official claim is that each XAGx token is equal to a gold ounce of silver, and that it achieves 1:1 anchor by holding a physical silver reserve. At the same time, XAGx uses a programmable and stable currency structure, which adjusts the supply to silver prices, but always ensures that each currency is equal to one ounce of silver.
Similar to Tether Gold, XAGx circulates as ARC-20 tokens on the Avalanche chain, where transactions can be carried out on a decentralised exchange or in multiple wallets supporting Avalanche. The specific mode of circulation of silver coins is the purchase by the user of an equivalent XAGx token from the issuer or the specified platform, which is then forged into the market, and, conversely, the destruction by the user of the equivalent amount of real silver or equivalent currency in the equivalent amount
But whether XAUT, XAG or other RWA precious metal assets, while theoretically supporting foreclosure, operational barriers are extremely high. In the case of Kinesis, the foreclosure threshold is usually set at 100 ounces or 200 ounces and the user is required to complete complex authentication on the issuer ' s own platform
Gold may be fine. Silver is low in unit value.The logistics costs of cross-border transport tend to account for a significant proportion of total investment, while buyers and sellers usually bear about 0.25 per cent-1 per cent of conversion costs, which makes small amounts of in-kind redemption less economically attractive, which also means that gold and silver coins are seen more as a price-exposure than as easy delivery vouchers.
It's because it's a tool for chain price openings that makes it possible to trade easily. For example, silver coin XAG. @binance Announced on line at 18:00 on 07/01 2026 (Eastern Sector 8 Time) XAGUSDT It'll last 50 times as long.
Theoretically, it's not hard to open an XAG contract forever. For encrypted investors, the money-Anne has moved the money into the platform of trust and trading habits deposited by the money-Anne, and has moved to the trade scene of precious metal derivatives, so that silver contracts are quickly exposed and noticed in the encrypted crowd.
更重要的是,作为全球加密交易的关键枢纽,币安在合规框架与产品工程能力的支撑下,正在搭建一座连接传统大宗商品定价体系与数字金融交易基础设施的桥梁,其意义远不止新增一个品种,而是为跨市场资产配置提供了新的入口与流动性通道
币安已不再仅仅是加密货币的孤岛,而是正在成为贵金属投资的高效替代渠道
不过,贵金属代币本身所具备的固有风险仍值得注意。以XAUT为例,其在条款中注明 :二级市场持币不必然享有发行方直接兑付义务,且发行方承认难以追踪二级参与者;需完成KYC且仅能整条金条赎回,要押入约430枚并只在瑞士交付,费用与门槛可调整;发行方可因合规/执法等延迟或暂停赎回并尝试冻结
但无论如何,贵金属代币所代表的趋势清晰可见,其以可验证的储备披露、可编程的清算与更低摩擦的跨市场流动性,把黄金白银从静态保管推向数字化可组合资产,这很可能会成为未来贵金属数字金融化的重要方向。而这一路上,已经有不少吃螃蟹的人,甚至包括传统金融巨头汇丰银行

