Hong Kong Gold Exchange taps Chainlink for gold token transfers

Hong Kong Gold Exchange (HKGX) has announced plans to integrate Chainlink’s cross-chain technology for its gold-backed XGZ token, allowing the digital asset to move between different blockchain networks. Summary Hong Kong Gold Exchange is integrating Chainlink CCIP through GoldZip and Midas Labs to allow its gold backed XGZ token to move across supported blockchain networks. Currently issued on Ethereum, XGZ represents one gram of 99.99% fine gold per token, with physical redemption available to eligible holders in quantities starting at one kilogram. GoldZip was previously named among the integration partners for Chainlink CCIP 2.0, which introduced infrastructure designed to support institutional digital assets and cross chain transactions. The integration follows GoldZip’s earlier partnership with Midas Labs to develop blockchain infrastructure for digital gold trading and institutional participation. In an October 27 announcement, Chainlink said GoldZip, the company behind XGZ, is working with blockchain development firm Midas Labs to integrate its Cross-Chain Interoperability Protocol (CCIP). ROAD TO Link:NYCNEW: The Hong Kong Gold Exchange (HKGX), the world’s fourth-largest g...