GoldZip and Midas Labs Launch $XGZ Tokenized Gold Backed by Physical Reserves

GoldZip, a subsidiary of the Hong Kong Gold Exchange, has recently entered a strategic partnership with Midas Labs to develop an institutional-grade digital gold ecosystem connecting traditional precious metals trading with blockchain infrastructure. GoldZip’s tokenized asset, $XGZ, is fully backed by 999.9 fine gold stored in recognized vaults and designed to transform physical gold into programmable digital assets for global financial networks.

Midas Labs will serve as the designated Web3 development partner, building regulatory-compliant infrastructure to link physical gold reserves with digital asset liquidity. The collaboration aims to serve GoldZip’s network of approximately 150 institutional members while modernizing Asia’s precious metals sector through tokenization technology.