Matrixdock Launches XAGm Silver Token on Sui with Foundation Treasury Backing at $85.19

Matrixdock has launched its LBMA-backed silver token XAGm on the Sui blockchain—its first expansion beyond Ethereum—with the Sui Foundation allocating treasury funds for on-chain institutional support, as the token trades around $85.19. Announced on May 12, the integration brings 1:1 backed physical silver (each token ~0.9995 troy ounces after custody fees, stored in Asia) to Sui's low-cost Layer-1, enabling DeFi uses like collateral, lending, and yield strategies. Following Matrixdock's gold token XAUm, regular proof-of-reserve audits ensure transparency, boosting RWA liquidity and commodity adoption on Sui.