Matrixdock launches silver token XAGm, introducing LBMA-standard physical silver and adopting the FRS issuance framework

PANews reported on March 17, according to PRNewswire, that RWA platform Matrixdock has announced the launch of the institutional-grade silver token XAGm, bringing silver—a widely traded precious metal commodity in traditional markets—into on-chain finance. This product is backed by fully physically allocated silver as its underlying asset and introduces silver bars that meet the LBMA Good Delivery standard, which are custodied by institutional-grade vaults. XAGm utilizes Matrixdock’s FRS (Fungible Reserve Standard) issuance framework, establishing a verifiable correspondence between the on-chain token supply and the underlying asset holdings, and will first be deployed on the Ethereum network, with plans to expand to more blockchain ecosystems in the future.

Eva Meng, head of Matrixdock, stated that there are still relatively few tokenized silver products in the market that meet institutional-grade standards. XAGm brings fully physically allocated silver assets, custodied by professional vaults, onto the blockchain and operates under a clear and verifiable framework. This launch also marks the further expansion of the Matrixdock Reserve Layer system and enriches the on-chain precious metals reserve asset ecosystem.