Hong Kong Gold Exchange’s XGZ Token Adopts Chainlink’s CCIP for Cross-Chain Transfers

The Hong Kong Gold Exchange has connected its XGZ gold-backed token to Chainlink's Cross-Chain Interoperability Protocol, known as CCIP. The integration allows XGZ to transfer across different blockchain networks using Chainlink's infrastructure rather than a single proprietary bridge. XGZ is a token issued by the Hong Kong Gold Exchange and is backed by physical gold held by the exchange. Tokenized gold products like XGZ aim to give holders exposure to the metal while allowing transfers and settlement to happen on blockchain rails instead of through traditional custodial or brokerage channels.