James Ding
Nov 25, 2025 06:57
Bitfinex has announced the support for XAUT0 deposits and withdrawals on the Plasma network, enhancing digital gold accessibility and cross-chain transactions.
Bitfinex, a leading digital asset trading platform, has announced the integration of XAUT0 on the Plasma network, allowing users to deposit and withdraw this tokenized version of gold. This development, effective from November 24, 2025, aims to enhance the accessibility and utility of digital gold by leveraging a high-performance, interoperable blockchain infrastructure.
Plasma Network Integration
The integration allows Bitfinex users to engage in faster cross-chain transactions that are both secure and cost-efficient. The Plasma network, a Layer-1 blockchain designed for stablecoins, boasts over $2.5 billion in total value locked (TVL), aligning with Bitfinex’s mission to promote financial freedom globally. This move is considered a significant advancement in the stablecoin infrastructure supporting real-world assets.
Growth in Tokenized Gold Sector
The announcement comes at a time when the tokenized gold sector has surpassed $3 billion in market value. Bitfinex’s support for XAUT0 on Plasma follows its previous integrations with The Open Network (TON) and Solana, reflecting the platform’s commitment to providing greater flexibility and utility for tokenized assets. Users can now convert between XAUT0 and XAUT at a 1:1 ratio using Bitfinex’s Currency Conversion tool.
Enhanced User Experience
Anoush Bhasin, Head of Listings at Bitfinex, expressed enthusiasm for this integration, stating that it advances the goal of providing seamless access to digital assets within the crypto ecosystem. This initiative allows users to manage their gold across multiple chains, setting new standards for tokenized gold transactions.
Deposits and withdrawals for XAUT0 on Plasma commenced at 12:00 PM on November 24, 2025. Interested users can access XAUT0 through Bitfinex’s official platform. However, it is important to note that XAUT0 is not directly issued or redeemable by Tether.
Bitfinex, established in 2012, continues to offer advanced trading features and services for global traders and liquidity providers. The platform focuses on innovation, superior support, and providing tools for experienced traders worldwide. For more information, visit the Bitfinex website.
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