Sui launches Hong Kong-regulated gold token as SUI price falls below $1

Sui Network has introduced XAUa, a Hong Kong-regulated tokenized gold asset, to its blockchain ecosystem, extending its lineup of real-world assets even as its native cryptocurrency SUI faces continued downward pressure. The newly launched XAUa token is issued by AlphaTokenHQ and distributed through TBook, utilizing Sui’s Permissioned Asset Standard (PAS) for compliance. XAUa’s regulation under Hong Kong jurisdiction aims to broaden Sui’s appeal to institutions seeking compliant onchain assets, while also showing how blockchain platforms can host regulated, tokenized versions of traditional assets like gold.

Source: CoinTurk News