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AlphaToken’s Hong Kong-regulated gold token XAUa goes live on Sui

AlphaToken’s Hong Kong-regulated gold token XAUa goes live on Sui

Photo: Landiva Weber / Pexels

XAUa is minted with Sui’s Permissioned Asset Standard, which lets issuers control who can hold the token.

by Kaye Quema

1 min read

In Finance

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Sui (SUI) price

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Market cap
$3.9B
24h volume
$293.5M
Circulating supply
4.1B SUI

CoinGecko data as of Oct 28, 3:22 PM EDT.

AlphaToken’s XAUa, a Hong Kong-regulated tokenized gold product, is now live on Sui, the network said on Wednesday. The token is minted using Sui’s Permissioned Asset Standard and distributed onchain by TBook.

Permissioned standard targets regulated holders

AlphaToken issues the token, while TBook runs its onchain gold vault and distribution. The Permissioned Asset Standard lets issuers restrict who can hold and transfer an asset, a feature aimed at regulated products. TBook said in its launch thread that investors should be paying more attention to gold.

Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.

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