Matrixdock is launching the Silver Token XAGm, built on the FRS standard as an on-chain silver-backed asset.

By: blockbeats|2026/03/17 18:00:07
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The world's leading RWA platform, Matrixdock, today announced the launch of the institutional-grade silver-backed token XAGm. The product is backed by fully allocated physical silver as the underlying asset and introduces silver bar assets that meet the LBMA Good Delivery standard, allowing silver, a widely traded precious metal in the traditional market, to enter the on-chain financial system.

Matrixdock is launching the Silver Token XAGm, built on the FRS standard as an on-chain silver-backed asset.

The launch of XAGm further enriches Matrixdock's on-chain precious metal asset system, enabling silver, a precious metal asset that has long played a crucial role in the traditional market, to enter a programmable on-chain financial environment. This supports various financial applications such as collateralization, trading, fund allocation, and DeFi.

As real-world assets continue to enter the blockchain financial system, the market's focus is gradually shifting from "whether assets can be put on-chain" to "which assets can operate on-chain sustainably." In this context, precious metal assets with a mature market structure, stable value foundation, and global liquidity are becoming an important asset type with institutional-grade design in the on-chain financial system.

Combining investment and industrial properties, silver expands on-chain trading and collateralization scenarios

Unlike gold, which primarily serves as a store of value, silver is influenced by both investment demand and industrial consumption, displaying more evident cyclical characteristics. This bulk commodity's dual nature of financial attributes and industrial demand enables silver to support a more diverse range of trading, collateralization, and asset allocation scenarios in the on-chain market.

If gold provides a stable value anchor for the on-chain financial system's reserve assets, silver introduces greater market activity and cyclical features to this system. The two complement each other, providing a more comprehensive structural foundation for the on-chain precious metal asset system.

As one of the few tokenized silver products in the market with institutional-grade design, XAGm is backed by physical silver in the form of LBMA Good Delivery standard silver bars and is stored in professional institutional-grade vaulting facilities. Through a clear asset allocation arrangement and disclosure mechanism, the relationship between XAGm tokens and the underlying silver assets can be independently verified within an established framework, providing institutional participants with an auditable, verifiable on-chain silver asset allocation channel.

FRS Issuance Framework: Supporting real-world assets' long-term operation on-chain

In its asset structure design, XAGm adopts Matrixdock's FRS (Fungible Reserve Standard) issuance framework. FRS is an issuance mechanism designed by Matrixdock for bringing RWAs on-chain, establishing a transparent and verifiable correspondence between the on-chain token supply structure and the underlying asset holding structure programmatically, allowing the token to continually reflect the economic attributes of holding real assets. While maintaining the integrity of the underlying asset's economic attributes, FRS also incorporates mechanisms such as custody and auditing costs into its long-term operation, providing a more sustainable structural model for the long-term operation of RWA assets.

The XAGm will first be deployed on the Ethereum network, with future plans to gradually expand to more blockchain ecosystems to further enhance the asset's accessibility and liquidity in different on-chain financial environments.

The launch of XAGm also marks the ongoing expansion of the Matrixdock Reserve Layer system. With the successive introduction of two types of precious metal assets, gold and silver, Matrixdock is building an on-chain reserve structure composed of assets being driven by different economic cycles, providing a more stable and diversified asset infrastructure for the on-chain financial system.

Matrixdock's Eva Meng stated, "Truly institution-grade tokenized silver products in the current market remain relatively limited. Through XAGm, we will introduce silver assets with full physical allocation, held in professional institutional vaults, onto the chain and operate within a clear and verifiable framework. Gold primarily serves as a store of wealth, while silver acts as a complementary asset driven by both industrial demand and monetary properties. The combination of the two will provide a more comprehensive and resilient asset foundation for on-chain precious metal infrastructure."

In the future, Matrixdock will continue to expand into more high-quality real-world assets, including precious metals and other bulk commodity assets with mature market structures, driving the creation of a more transparent and resilient on-chain reserve asset system to provide long-term sustainable infrastructure support for the development of the on-chain financial ecosystem.

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