Gold xStock

GLDX Price

About Gold xStock (GLDX)

Gold xStock (GLDX) is a tokenized representation of physical gold, providing on-chain exposure to the commodity's value through a regulated and 1:1 backed framework.

• Each GLDX token is fully collateralized by physical gold held in secure, regulated custody accounts.
• The asset is designed for seamless integration into decentralized finance protocols, allowing users to use gold as collateral or for liquidity provisioning.
• Gold xStock operates on multiple blockchain networks, including Ethereum, Solana, and Arbitrum, enabling 24/7 global trading and self-custody.

What Is Gold xStock

Gold xStock is a real-world asset (RWA) token that brings the value of physical gold onto the blockchain. It serves as a digital bridge, allowing users to hold and trade gold without the logistical burdens of physical storage or the limitations of traditional brokerage hours. The token is part of the xStocks ecosystem, which aims to unify capital markets by tokenizing liquid equities and commodities.

Value moves through the system via the minting and redemption process, where the issuer ensures that for every token in circulation, an equivalent amount of physical gold is held in reserve. The token is utilized primarily as a stable, commodity-backed asset within decentralized finance, where it can be used in lending markets, yield-generating protocols, or as a diversification tool. As the ecosystem grows, GLDX scales by increasing the total value locked in its underlying gold reserves, supported by an alliance of exchanges and protocols that enhance its liquidity and utility across various chains.

What Makes Gold xStock Unique

• 1:1 Physical Backing: Unlike synthetic assets, GLDX is backed by actual gold held with a regulated custodian, providing a direct legal claim to the underlying asset.
• Bankruptcy-Remote Structure: The tokens are issued through a Special Purpose Vehicle (SPV) that is legally separate from the issuer, protecting holders from the issuer's financial risks.
• On-Chain Rebasing: Any dividends or value adjustments related to the underlying asset are reflected through an automated on-chain rebasing mechanism, ensuring the token balance always matches the 1:1 exposure.
• Multi-Chain Mobility: GLDX is natively issued across several major blockchains, including Layer 1 and Layer 2 solutions, facilitating cross-chain capital movement.

What Can You Use Gold xStock for?

Gold xStock (GLDX) is a commodity-backed token pegged to the value of Physical Gold.

1. Value retention: GLDX allows users to hold a digital, on-chain representation of Physical Gold, which may reduce exposure to the volatility of the broader cryptocurrency market by anchoring value to a traditional safe-haven asset.
2. Yield generation: Users can participate in decentralized lending or liquidity provisioning by depositing GLDX into supported decentralized finance protocols. The source does not specify sovereign debt or native yield options for this specific asset.
3. Cross-border settlement / value transfer: The token enables the frictionless cross-border transfer of Physical Gold value, allowing for international remittances and global trade settlement without the delays of traditional financial rails.
4. Collateralization: GLDX is designed for use as backing for borrowing and lending protocols, where its relative stability compared to crypto-native assets makes it a suitable form of collateral.

How Does Gold xStock Work?

Gold xStock functions through a process of tokenization where physical gold is deposited with a regulated custodian and represented as a token on the blockchain. The system utilizes a three-party Account Control Agreement and an independent Security Agent to provide oversight and verify that reserves match the circulating supply.

The protocol employs audited smart contracts to manage the minting and redemption of tokens. While GLDX is a tokenized asset on networks like Arbitrum and Ethereum, it is not a native gas token; transaction fees on these networks are paid in their respective native assets. Transparency is maintained through publicly verifiable proof of reserves, allowing any user to audit the collateral backing the tokens at any time.

Team Info and Investors

Gold xStock is part of the xStocks ecosystem, issued by Backed, a firm specializing in tokenizing real-world assets. The project is supported by the xStocks Alliance, which includes industry participants such as Kraken, Bybit, and Jupiter. The source does not specify individual founder backgrounds or detailed early-stage venture backing beyond these institutional partnerships.

Where can you buy Gold xStock?

GLDX tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Gold xStock is LBank, where the most active trading pair GLDX/USDT has a trading volume of $4,009,495.62 in the last 24 hours. Other popular options include Raydium (CLMM) and Kraken.

What is the daily trading volume of Gold xStock (GLDX)?

The trading volume of Gold xStock (GLDX) is $9,658,878.00 in the last 24 hours, representing a -23.60% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Gold xStock (GLDX)?

Gold xStock (GLDX) reached an all-time high of $510.77 and an all-time low of $300.95. It’s now trading -23.10% below that peak and 30.60% above its lowest price.

What is the market cap of Gold xStock (GLDX)?

Market capitalization of Gold xStock (GLDX) is $12,225,446 and is ranked #1161 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of GLDX tokens (31 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Gold xStock (GLDX)?

The fully diluted valuation (FDV) of Gold xStock (GLDX) is $130,405,058. This is a statistical representation of the maximum market cap, assuming the maximum number of 330 Thousand GLDX tokens are in circulation today. Depending on how the emission schedule of GLDX tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Gold xStock compare against its peers?

With a price decline of -2.20% in the last 7 days, Gold xStock (GLDX) is underperforming the global cryptocurrency market which is up 4.30%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 5.30%.