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Hong Kong Gold Exchange-backed XGZ token integrates Chainlink CCIP

The Hong Kong Gold Exchange-backed XGZ token is integrating Chainlink's Cross-Chain Interoperability Protocol to allow secure cross-chain transfers and boost liquidity for tokenized gold.

A collection of gold bars and gold coins on a black surface.
Image: @BSCNews

The XGZ token, backed by the Hong Kong Gold Exchange, has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) to facilitate transfers across multiple blockchain networks, according to reports by Crypto Briefing and crypto.news.[1][3]

According to BSCN, the integration is being implemented through Goldzip and Midas Labs. The setup is designed to enable secure multi-chain transfers of XGZ, aiming to enhance accessibility and liquidity. BSCN and crypto.news both noted that the Hong Kong Gold Exchange ranks as the world's fourth-largest gold trading venue by volume.[2][3]

Crypto Briefing reported that connecting XGZ with Chainlink CCIP could significantly improve cross-chain asset liquidity and help accelerate institutional adoption of tokenized gold.[1]

Key facts

  • The Hong Kong Gold Exchange-backed XGZ token is integrating Chainlink's Cross-Chain Interoperability Protocol (CCIP).
  • The integration is being executed through Goldzip and Midas Labs.
  • The protocol connection aims to enable secure XGZ transfers across multiple blockchains to improve accessibility and liquidity.
  • The Hong Kong Gold Exchange is the world's fourth-largest gold trading venue by volume.
  • The integration is expected to boost institutional adoption and cross-chain liquidity for tokenized gold, according to Crypto Briefing.

Sources · 3 sources

  1. CB

    Crypto BriefingArticle ·

    Hong Kong Gold Exchange-backed XGZ token integrates Chainlink CCIP The integration of Chainlink CCIP with XGZ token could significantly enhance cross-chain asset liquidity, boosting institutional adoption of tokenized gold. The post Hong Kong Gold Exchange-backed XGZ token integrates Chainlink CCIP appeared first on Crypto Briefing .

    Open source
  2. BS

    BSCN@BSCNewsPost on X ·

    Chainlink Opens a New Cross Chain Route For Hong Kong Gold The Hong Kong Gold Exchange backed $XGZ token is integrating Chainlink (@chainlink) $LINK CCIP through Goldzip (@goldzipxgz) and Midas Labs (@midaslabsxyz). The integration will enable secure transfers across multiple blockchains, with the aim of improving accessibility and liquidity. Worth noting, the Hong Kong Gold Exchange is the world’s fourth-largest gold trading venue by volume.

    Open source
  3. CN

    crypto.news@cryptodotnewsPost on X ·

    JUST IN: Hong Kong Gold Exchange integrates Chainlink CCIP for cross-chain gold token transfers The world’s fourth-largest gold trading venue by volume will use the interoperability protocol to enable its gold-backed $XGZ token to move across blockchains. https://t.co/ckjpsGXLL4

    Open source