Matrixdock has reached a strategic cooperation with Kinza Finance, and Kinza now supports XAUm collateral lending

ChainCatcher News, Matrixport's leading RWA tokenization platform Matrixdock announced its strategic partnership with Kinza Finance. Its gold token XAUm has officially launched on the Kinza Finance platform, and users can use XAUm assets for over-collateralized lending in the Kinza DeFi ecosystem. Currently, XAUm holders can pledge XAUm on the BNB chain to lend USDT or USDC, with a collateral loan ratio of 70%.

XAUm is a high-standard, innovative gold token backed by LBMA (London Bullion Market Association) physical gold bars with a purity of no less than 99.99%. Each XAUm token anchors one troy ounce of LBMA physical gold bar. Kinza is an emerging lending platform invested by Binance Labs dedicated to providing safe and efficient collateral lending scenarios for RWA assets. Matrixdock actively expands industry ecology and project cooperation, continuously expanding the use cases of XAUm and enhancing the liquidity of XAUm.