Bitfinex, a premier digital asset trading platform, has announced the activation of support for XAUT0 on The Open Network (TON). Made public on July 8, 2025, this integration marks a significant stride towards increasing accessibility and interoperability for tokenized gold on a high-performance blockchain infrastructure.
XAUT0 is a digital representation of physical gold, allowing users to hold and transfer gold in tokenized form. With this new integration, Bitfinex customers can now leverage TON's robust transport layer for deposits and withdrawals of XAUT0. TON is renowned for its design focused on secure, scalable, and low-cost transactions, making it an ideal network for the efficient transfer of digital assets.
The Open Network (TON) is engineered with a high-capacity architecture, aiming to power a truly decentralized internet. Its design supports millions of transactions per second, with ambitions to serve hundreds of millions of users globally. By integrating XAUT0 on TON, Bitfinex users are set to benefit from enhanced efficiency and interoperability in managing their digital gold across various blockchain networks.
A key feature of this innovation for Bitfinex customers is the ability to instantly convert XAUT0 to XAUT and vice versa at a 1:1 ratio. This is facilitated through the platform's integrated Currency Conversion tool, providing users with maximum flexibility in managing their gold exposure and choosing the token version that best suits their operational or investment needs.
"The integration of XAUT0 with The Open Network reflects our commitment to expanding access to tokenized assets and supporting the development of decentralized financial infrastructures," stated Anoush Bhasin, Head of Listings at Bitfinex. This move reinforces Bitfinex's role as a leader in offering innovative solutions for the management and transfer of digital assets, now including gold on TON.
Deposit and withdrawal operations for XAUT0 on TON were activated at 12:00 UTC on July 8, 2025. Users can access XAUT0 directly via the Bitfinex platform. It is important to note that XAUT0 is an extended version of XAUt, which is Tether Gold, but XAUT0 itself is not issued or directly redeemable by Tether; instead, it is an omnichain deployment of XAUt, built on LayerZero's OFT standard, facilitating cross-chain transfers of gold-backed tokens. It offers a reliable solution for those seeking exposure to gold in a digital format.
All Bitfinex users are subject to the platform’s terms of service. Notably, individuals residing in the United States and other prohibited jurisdictions are restricted from holding, owning, or managing an account on Bitfinex, whether directly or indirectly, including operations related to XAUT0.
Bitfinex emphasizes that this announcement does not constitute an offer to buy or sell assets, nor is it financial, legal, or investment advice. Users are strongly encouraged to conduct their own research and acknowledge the inherent risks associated with investing in digital assets, including tokens like XAUT0.
Founded in 2012, Bitfinex has established itself as a leading platform for trading digital tokens, offering advanced services to experienced traders and liquidity providers worldwide. Its features include peer-to-peer financing, an OTC market, and margin trading across a wide selection of digital tokens. Bitfinex's strategy consistently aims to support industry professionals and ensure global liquidity.
The introduction of XAUT0 on The Open Network represents a significant evolution for the digital gold sector. By leveraging TON's scalability and efficiency, Bitfinex is empowering its users with a sophisticated and interoperable solution for managing tokenized gold, further solidifying its commitment to being at the forefront of new blockchain technologies and the advancement of decentralized finance.
July 2025, Cryptoniteuae