WEEX Launches PAXG Tokenized Gold and XAUt with 1:1 Physical Backing and 24/7 Trading, Expanding Precious Metals Tokenization

COINOTAG News reports that WEEX has launched tokenized gold and gold spot and contract trading with strict 1:1 backing by physical gold, via PAXG and XAUt. The platform also introduces SLVON, a tokenized exposure to the iShares Silver Trust ETF, tracking silver prices in real time. These assets deliver 24/7 trading, leveraged, and two-way contract trading, enabling succinct and transparent access to precious metals via digital markets.

Looking ahead, WEEX aims to establish a dedicated precious metals zone and plans to list additional tokens such as Matrixdock Gold (XAUM), Comtech Gold (CGO), and Kinesis Silver (KAG), meeting growing demand while expanding liquidity for traders across on-chain and traditional markets.