MetaComp Group has announced the successful completion of a proof-of-concept for Tether Gold (XAUT), marking a significant step in its digital financial solutions. The initiative, aimed at institutional clients, explores three key use cases: cross-border payments, long-term value preservation, and gold-collateralised working capital. This development allows XAUT to function as a commodity-backed stablecoin, a cross-border payment tool, and a source of working capital liquidity.
The commercial launch includes 24/7 over-the-counter (OTC) trading through MetaComp Pte. Ltd. and lending against XAUT collateral via MetaComp Cayman Limited. This move comes as gold prices reach historic highs, driven by macroeconomic uncertainties and increased demand for safe-haven assets.
MetaComp’s platform, licensed by the Monetary Authority of Singapore (MAS), supports over 1,000 institutional clients globally. It offers T+0 settlement and access to USD, USDT, or USDC against pledged XAUT collateral. The proof-of-concept demonstrated the efficiency of XAUT in cross-border transfers, achieving faster settlement and cost-effective operations compared to traditional banking methods.
The tokenised commodity market has seen substantial growth, with XAUT and PAXG accounting for a significant portion. MetaComp’s initiative positions it at the forefront of integrating digital assets with traditional financial systems, offering a compliant infrastructure for international payments. The product is now available to accredited and institutional clients, expanding MetaComp’s digital asset ecosystem.
