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. 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.