recently, the international precious metals market has generally strengthened. Major precious metals such as gold, silver, and platinum have successively hit record highs. According to Reuters, spot gold once reached about $4,525 per ounce during intraday trading and surpassed the $4,500 per ounce mark for the first time; the cumulative increase this year has exceeded 70%. At the same time, silver and platinum prices also hit historic highs, with the precious metals sector performing outstandingly overall.Market views believe that this round of precious metals rally is related to rising geopolitical uncertainties, increased demand for safe-haven assets, and expectations for future interest rate cuts. Against this backdrop, digital asset forms related to gold have also attracted attention. As the underlying asset prices rise, discussions about gold tokenized assets have increased accordingly. Represented by the gold token XAUm launched by Matrixport’s RWA platform Matrixdock, such products are based on physical gold as the underlying asset and introduce the value of gold into the on-chain system through tokenization structures, providing digital asset investors with new value carrier options. With the rise in gold prices, explorations of holding, transferring, and potential financial applications of gold tokens on-chain (such as collateral, DeFi participation, etc.) have gradually increased, becoming a related focus in the recent precious metals market.