Matrixdock is a real-world asset (RWA) tokenization platform founded in 2023 that issues blockchain-based representations of reserve assets and financial instruments. Its products include STBT, a token backed by short-term U.S. Treasury bills, and XAUm, a token backed by physical gold. ^[4]

Overview

Matrixdock is a real-world asset (RWA) tokenization platform founded in February 2023 that focuses on bringing reserve assets onto blockchain networks. Its products include STBT, a tokenized short-term U.S. Treasury product, and XAUm, an ERC-20 token backed by 99.99%-purity physical gold. The platform uses blockchain infrastructure to represent ownership of these assets while connecting them with traditional custody and reserve-management systems. STBT and XAUm are supported by underlying reserve assets held in institutional custody, with Matrixdock incorporating on-chain data reconciliation and proof-of-reserves processes to track the relationship between tokens and their backing assets. The platform's infrastructure is designed to enable tokenized reserve assets to be used across blockchain-based financial applications while maintaining mechanisms for asset verification, custody, and transparency. ^{[1] [2]}

Products

Matrixdock Gold

Matrixdock Gold, or XAUm, is a tokenized gold product in which each ERC-20 or BEP-20 token represents one fine troy ounce of 99.99%-purity physical gold meeting London Bullion Market Association (LBMA) standards. The gold is held in physical bars, and token holders can use Matrixdock's allocation lookup tool to verify the bars associated with their holdings. XAUm can also be represented as ERC-721 or BEP-721 NFTs, with each NFT corresponding to a specific whole gold bar and its stated fine weight.

XAUm supports permissionless holding, transfers, secondary swaps, and conversion between fungible tokens and gold-bar NFTs. Primary minting and redemption directly with Matrixdock using USDC or fiat currency require KYC, while token-to-NFT and NFT-to-token conversions can be performed through Matrixdock's web application. ERC-20/BEP-20 allocations can be dynamically reassigned among physical bars as transfers, mints, and redemptions occur, whereas each gold-bar NFT maintains a fixed allocation to its specific bar. The structure also uses a purpose trust that legally owns the issuer and is intended to keep the XAUm assets bankruptcy-remote from the issuer. ^{[3] [8]}

Matrixdock Silver

Matrixdock Silver (XAGm) is a tokenized silver product using the Fungible Reserve Standard (FRS), with each token initially representing one fine troy ounce of 99.9%-purity LBMA-accredited Good Delivery silver. The token's silver backing is measured through an on-chain ozPreToken value, which starts at 1.000000000 and decreases daily to account for custody fees. As this value decreases, the protocol increases the token supply via its reconcileSupply function so that the total token supply, multiplied by the ozPerToken value, continues to correspond to the amount of physical silver held in reserves.

XAGm is an ERC-20 token that can be transferred across supported networks and is designed for potential integration with DeFi and CeFi applications, including collateralized lending and borrowing. Holders can redeem tokens for physical LBMA-standard silver at the prevailing ozPerToken value, subject to account verification and availability of an appropriately sized silver bar. The product also incorporates attestations and audits of the underlying reserves, while Matrixdock's allocation lookup tool allows holders to view information such as the serial number and physical characteristics of allocated silver bars. Cross-chain versions use the same ozPerToken value to maintain consistent representation across networks. ^{[5] [9]}

Treasury Bill Token

The Treasury Bill Token (STBT) is a rebasing token designed to maintain a 1:1 peg with the U.S. dollar and backed by short-term U.S. Treasury bills. Rather than paying interest separately, it distributes daily interest by increasing the number of STBT tokens held by eligible holders. STBT can also be converted into wSTBT, a non-rebasing version whose value increases as the underlying STBT yield accrues.

STBT is restricted to individuals and entities that have completed KYC and accredited-investor checks, with minting, holding, transfers, and redemption subject to whitelist controls. Primary issuance and redemption can occur through Matrixdock or OTC channels, while secondary trading is available through a Curve Finance liquidity pool for approved wallets. The structure uses a purpose trust intended to separate the STBT issuer from the broader corporate group and provide bankruptcy remoteness. Blockchain records allow account holders to review historical minting, burning, and rebasing activity, while the token can also be used in liquidity pools to provide access to secondary-market trading and potential liquidity-provider rewards. ^[6]

wSTBT

wSTBT is the non-rebasing version of STBT, a token backed by short-term U.S. Treasury bills. Instead of increasing the number of tokens held as yield accrues, wSTBT maintains a fixed token balance while its value rises relative to STBT as the underlying yield accumulates. The token is created by depositing STBT into a wrapper contract, which mints wSTBT, and can be converted back by burning wSTBT to receive STBT. wSTBT follows the same permission and eligibility requirements as STBT, with wrapping, holding, transferring, and unwrapping restricted to users who have completed KYC and accredited-investor checks. Its non-rebasing structure makes it compatible with certain DeFi applications, including collateralized lending and cross-chain transfers. wSTBT can also be bridged between Ethereum and Arbitrum using Chainlink's CCIP lock-and-mint mechanism. ^[10]

Partnerships

• Metalor
• Le Freeport
• Chainlink
• LayerZero
• BitGo
• Brinks
• Malca Amit
• Securitize
• Heraeus
• Navi
• Morpho
• Uniswap
• Sui
• Curve
• Polygon
• Plume
• Solana Foundation
• PancakeSwap
• Pyth