NewsDialy
Sui Blockchain Puts Real Silver Bars On-Chain Good morning. Here is the simple version of the news. A blockchain called Sui will now let people trade a digital token called XAGm.
Each XAGm token stands for one real troy ounce of silver. The company that issues the token is Matrixdock. The silver bars behind the token are certified by the London Bullion Market Association, or LBMA.
That group sets the gold standard, so to speak, for what counts as a "good" silver bar. Big refineries and central banks accept their stamp.
So when a token is tied to LBMA-grade silver, it is tied to the kind of bar a bank would happily hold. A blockchain is a shared digital ledger. Sui is one such ledger, known for being fast and cheap to use.
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