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HKGX Gold-Backed Token to Integrate Chainlink CCIP for Cross-Chain Transfers

Each XGZ token is backed by physical gold in accredited vaults; the recap gave no launch date.

Updated 1 min read
A gold bar is weighed at a bullion counter in Sheung Wan, Hong Kong. / TokenPost.ai
A gold bar is weighed at a bullion counter in Sheung Wan, Hong Kong. / TokenPost.ai

In its Link:NYC recap, Chainlink said the Hong Kong Gold Exchange (HKGX) is integrating its gold-backed GoldZip (XGZ) token with Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Midas Labs to enable transfers across blockchains.

The announcement describes an intended application rather than a completed rollout. It gives no next step or launch date for the arrangement.

Chainlink also worked with GravityChain and two other projects on market-data delivery and cross-chain transfers.

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