Thailand’s First Tokenized Gold Pair Goes Live

Announced on May 13, Tether revealed that its gold-backed asset, Tether Gold (XAUt), is now available on Maxbit — a regulated digital asset exchange in Thailand. Each XAUt token represents one troy ounce of physical gold, offering digital investors the opportunity to gain exposure to the traditional safe-haven asset via blockchain.

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With a market cap of 802 million$, Tether Gold was initially launched in January 2020. Maxbit is now the first exchange in Thailand to list such a tokenized gold trading pair.

Regulatory Support Fuels Expansion

This move follows significant regulatory developments in Thailand’s crypto sector. In March, the Thai SEC approved USD-backed stablecoins, including Tether’s USDt and Circle’s USDC, allowing them to be traded on regulated platforms nationwide.

Maxbit itself launched in October 2023 and operates under the supervision of the Thai Securities and Exchange Commission. It is majority-owned by PTG Energy (35%), with Spearhead Labs and Unit Company holding 29% and 28.7% stakes, respectively.

The listing of Tether Gold marks a growing trend of tokenized real-world assets becoming more accessible to retail and institutional investors alike.

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The post Tether Gold Launches in Thailand With Maxbit Exchange Listing appeared first on Coin Engineer.