Transactions, payments... New scenarios around real-world assets are continuously emerging.

After experiencing a rapid development wave in asset tokenization over the past few years, the focus of the RWA industry is changing. Instead of solely focusing on asset scale and issuance quantity, the market is beginning to pay more attention to a question: Can these real-world assets that have gone on-chain truly participate in trading, liquidity, and value exchange? The trading, liquidity, and application infrastructure formed around real-world assets is also gradually becoming richer.

Recently, two public developments from Matrixdock, the RWA platform under BIT (formerly Matrixport), may reflect this trend. On one hand, tokenized gold XAUm and tokenized silver XAGm have been launched on the Sui ecosystem trading platform Deeptrade; on the other hand, XAUm has supported privacy payments through AnomaPay built on Anoma technology. As scenarios such as trading and payments gradually emerge, the on-chain application scope of tokenized gold is also continually expanding.

Tokenized Gold Begins to Enter On-Chain Trading Scenarios

For real-world assets, asset issuance is just the first step; whether it can gain liquidity support and enter trading networks determines whether the asset can further participate in on-chain financial activities.

According to information disclosed by Matrixdock, XAUm and XAGm have been launched on Deeptrade and are connected to the Sui native order book supported by DeepBook. Currently, the XAUM/USDC and XAGM/USDC trading pairs are open for trading, with relevant liquidity provided by Lotus Finance. Matrixdock stated on the official X platform that tokenized gold and silver have begun to enter the market structure of the Sui ecosystem.

In traditional financial systems, gold has long been regarded as a value storage tool, while in an on-chain environment, assets not only need to possess value attributes but also their liquidity, tradability, and combinability are becoming important features. As more infrastructure begins to support real-world assets, tokenized precious metals are also gaining more opportunities to participate in on-chain trading scenarios. Meanwhile, whether the asset can obtain liquidity support, enter the trading network, and participate in broader financial activities is becoming an important direction of market concern.

Payment Scenarios Begin to Become New Attempts for Tokenized Gold

In addition to trading, payments are also beginning to become a new application direction for tokenized gold.

According to public information disclosed by Matrixdock and Anoma, XAUm has supported holding, transferring, and paying on the BNB Chain through AnomaPay. When users utilize XAUm, they can hold, transfer, and pay while protecting transaction privacy without fully disclosing the relevant transaction information.

Anoma emphasized in its public information that privacy protection technology supports a more private digital asset payment experience; while Matrixdock stated that XAUm is designed to connect to the evolving digital financial network, with each new integration helping to expand application scenarios for tokenized gold.

For gold, the emergence of payment functions means that its on-chain usage is gradually extending from simple holding and trading to more scenarios like value exchange. From a value storage tool to a digital asset that can participate in more on-chain application scenarios, the usage boundaries of tokenized gold are continuously expanding. For traditional reserve assets like gold, the emergence of payment scenarios also indicates that its on-chain application scenarios are further enriching.

From Asset On-Chain to Asset Usability, RWA Begins to Enter a New Stage

In the past few years, discussions in the RWA industry have mostly revolved around asset issuance scale and tokenization quantity. However, as more real-world assets go on-chain, the market is beginning to focus on another question: After the asset is on-chain, can it truly participate in trading, liquidity, and broader application scenarios?

Whether it is trading infrastructure, payment networks, or more on-chain applications that may emerge in the future, whether assets can integrate into these scenarios is becoming an important factor in measuring their long-term value. For reserve assets like gold, stability and transparency remain fundamental, while the liquidity and application scenarios formed around the asset determine its further development space in the digital financial system.

From trading to payments, the application scenarios formed around tokenized gold are continually increasing. For traditional reserve assets like gold, its value attributes have not changed, but its role in the digital financial system is becoming richer.

For the entire RWA industry, asset on-chain may only be the first step. As more real-world assets go on-chain, the market focus is gradually shifting from "Can the asset go on-chain?" to "Can the asset be used?" How to enable assets to truly participate in trading, liquidity, and value exchange may become the important direction for the next stage of real-world asset development.