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Hong Kong Gold Exchange-backed XGZ token integrates Chainlink CCIP
GoldZip is plugging its gold-backed token into Chainlink's cross-chain protocol to let it move between blockchains
A gold exchange founded in 1910 now has a token that can hop between blockchains. GoldZip, which operates through entities associated with the Hong Kong Gold Exchange (HKGX), is integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for its gold-backed XGZ token.
What GoldZip is actually doing
GoldZip announced the CCIP integration on October 27, 2026, working alongside Midas Labs. The goal is to let XGZ transfer securely across different blockchain networks.
GoldZip is also positioned as a launch partner for Chainlink CCIP 2.0. The company frames the move as part of its push to bring tokenized assets into institutional markets.
What’s behind each token
XGZ launched in December 2025. Each token represents one gram of 99.99% fine gold held in accredited vaults.
The token is redeemable for physical gold bars, which separates it from assets that only offer price exposure. There’s a catch: redemption requires a minimum of 1,000 tokens and is subject to AML/KYC checks.
Since each token equals a gram, that minimum works out to a kilogram of gold.
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As of late October 2026, there were approximately 39,000 XGZ tokens in circulation. The market capitalization sits at about $5 million.
XGZ trades on Uniswap, a decentralized exchange, and on MEXC, a centralized one.
On the corporate side, the token’s issuer moved to GoldZip Company Limited in the British Virgin Islands in October 2026. The token itself stayed the same, with no migration required, so holders didn’t have to swap or move anything.
Why the HKGX name carries weight
HKGX was established in 1910 and is recognized as Hong Kong’s only official gold exchange.
GoldZip has also laid out plans to expand its physical gold reserves substantially, targeting $300 million. Hitting that figure could place XGZ among the largest gold-backed tokens globally, according to the research findings.
For perspective, the current market cap of about $5 million means the target represents a sixtyfold jump.