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Bybit has added tokenized gold (XAUT) to the TON
blockchain, allowing deposits and withdrawals via XAUT0. The integration
promises faster and lower-cost transactions, giving traders, investors, and
institutions more ways to manage digital gold.
Faster, Cheaper, and Flexible Transactions
According to the exchange, the TON network integration reduces fees and
accelerates settlements for XAUT users. “By enabling this new channel for deposits and withdrawals,
Bybit is expanding the utility of tokenized gold (XAUT) and offering traders,
investors, and institutions more flexibility in how they engage with digital
assets,” the exchange explained.
The addition aims to also support interoperability with the
TON ecosystem, one of the fastest-growing blockchains in the market. To
coincide with the launch, Bybit is running a limited-time Earn campaign through
September 26, 2025.
New users reportedly depositing at least 0.02 XAUT qualify for
exclusive staking rates. Existing users who deposit 0.04 XAUT or more are also
eligible, while VIP users receive enhanced rewards and higher staking caps.
Rewards are distributed on a first-come, first-served basis, highlighting the
opportunity’s scarcity.
The campaign underscores Bybit’s push to make digital
assets more accessible and rewarding. By merging tokenized gold with TON’s
blockchain infrastructure, the exchange offers users a chance to earn yields
while exploring new opportunities in its growing product suite.
Rising Interest in Tokenized Gold
The concept of tokenized gold is on the rise, with Finvasia
backing UGold’s issuer as the asset’s market capitalization reaches $11.5
billion, FinanceMagnates.com reported. Last month, Finvasia confirmed that it will
integrate UGold across several of its regulated entities and support the token
with infrastructure and introductions.
Read more: Finvasia Backs UGold’s Issuer as Market Cap of the Token Hits $11.5 Billion
Distribution will take place through the group’s network
spanning Europe, the United Arab Emirates, South Africa, the United Kingdom,
and Australia. Last month, after several months of passive support, Finvasia took a stake in Genius Digital Partners, the developer of UGold.
UGold has reportedly experienced sharp growth, with its
market capitalization nearly doubling from $6 billion two and a half years ago
to $11.5 billion today. Daily trading volumes have also surpassed $100 million,
underscoring the increasing demand for tokenized gold as a digital investment
vehicle.
This article was written by Jared Kirui at www.financemagnates.com. and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
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