#Nexo

Nexo adds PAXG and XAUT tokenized gold to platform, enabling interest earnings and asset swaps

Nexo has expanded its digital asset offerings by integrating PAX Gold (PAXG) and Tether Gold (XAUT), two prominent tokenized gold assets, onto its platform. This strategic move allows users to earn interest on their gold holdings and perform seamless asset swaps directly within the Nexo ecosystem. By supporting these ERC-20 tokens, Nexo bridges the gap between traditional precious metal investments and decentralized finance liquidity. This development is significant for the RWA market as it enhances the utility of gold-backed tokens, moving them beyond simple store-of-value assets into yield-generating instruments. The inclusion of PAXG and XAUT reflects a growing trend where centralized platforms facilitate the adoption of tokenized commodities. As investors seek inflation hedges, providing accessible ways to earn yield on gold-backed assets strengthens the value proposition of blockchain-based real-world assets. This integration ultimately contributes to the broader maturation of the RWA sector by increasing the interoperability and financial functionality of tokenized physical commodities.

tradersunion.com·Jun 5