OSL launches gold and silver RWA products, highlighting the tokenization advantages of the Hong Kong Gold Trading Center

OSL Group (863) announced that its licensed digital asset exchange in Hong Kong, OSLHK, will officially launch the gold RWA token MatrixdockGold (XAUm) and the silver token MatrixdockSilver (XAGm) issued by the real-world asset (RWA) tokenization platform Matrixdock. Hong Kong's Advantages and Demand for Tokenization Development Cynthia Wu, founding partner and Chief Business Officer of Matrixdock's parent company BIT Group, stated that Asia is the most important consumption and trading area for gold globally, with approximately 60% of gold trading occurring in Asia, a significant portion of which is concentrated in Hong Kong. Hong Kong is also a key gateway for gold imports and exports in China, boasting a history of precious metal trading spanning over a century, with a full range of products from spot, derivatives to leveraged products, providing advantages and demand for expanding tokenized products. Additionally, there are storage and delivery points in Hong Kong, which aid in product pricing. Wu Zhuoxuan, head of business development at BIT, added that the main reasons for choosing to launch the current products include the compliance process in Hong Kong being implemented, as the approval for Hong Kong's first gold token was completed just a month ago; demand is driven when gold prices correct from high levels; and the company's brand is gradually maturing, gaining market recognition and trust. Eugene Cheung, Chief Business Officer of OSL Group, also mentioned that the Hong Kong government has clearly supported the development of gold tokenization, providing licensed exchanges with significant room to develop this business. Future Sales May Open to Retail Investors by Application Process The newly launched products XAUm and XAGm support three major trading pairs: USD, USDT, and USDC, but currently only allow professional investors in Hong Kong to trade related assets through over-the-counter (OTC) transactions. Eugene Cheung stated that the company will consider opening product trading to retail investors in the future, but it must be done in a phased and prudent manner. The current priority is to take the first step towards completing the full process verification for professional investors and institutional clients. Based on this, the company will continue to communicate with regulatory bodies such as the Securities and Futures Commission to apply for sales open to retail investors according to procedures. Additionally, according to disclosed information, the underlying physical assets of XAUm and XAGm strictly adhere to the delivery standards of the London Bullion Market Association (LBMA). The underlying metals are stored throughout in an LBMA-certified ecosystem, ensuring that the assets possess native attributes and systematically avoiding valuation losses due to the metals being detached from the certified custody system