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Gold-backed token XAUa launches on Sui blockchain with trading limited to approved institutional buyers.

Protocol Fundamentals
28 Oct 2026, 17:38 WIB
Crypto Briefing
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Bullish
Gold-backed token XAUa launches on Sui blockchain with trading limited to approved institutional buyers.

AlphaToken has launched XAUa, a gold-backed token on the Sui blockchain, where each token represents one gram of 99.99% pure physical gold stored in Hong Kong. Using Sui's Permissioned Asset Standard, trading is restricted to pre-approved institutional buyers to comply with Hong Kong regulations, ensuring strong KYC, AML, and risk management controls. This approach addresses the challenge of legally distributing tokenized assets, though it limits liquidity and integration with open DeFi markets. AlphaToken aims to expand regulated asset tokenization across multiple blockchain networks, starting with Sui and Ethereum.

AlphaToken's launch of the XAUa gold-backed token on Sui blockchain is the story's subject, with Pluang market data providing context. For readers following major cryptocurrencies, 38 of 50 rose and 11 fell as of Oct 28, 2026 21:22 WIB. Notable movers include Basic Attention Token (BAT) at Rp2.569 with a 1-day change of -4.23%, PancakeSwap (CAKE) at Rp38.143 with +4.12%, and Bitcoin Cash (BCH) at Rp5.352.827 with +3.31%.

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