Hong Kong Gold Exchange plans Chainlink integration for XGZ

The Hong Kong Gold Exchange is working with GoldZip and Midas Labs to integrate Chainlink’s Cross-Chain Interoperability Protocol for the gold-backed XGZ token, with the aim of enabling transfers across supported blockchains. The October 27 announcement describes a planned capability, not transfers already operating across networks. XGZ currently runs as an ERC-20 token on Ethereum. GoldZip describes each token as representing one gram of 99.99 fine gold. The integration is intended to extend the token beyond Ethereum, but the announcement did not identify which additional blockchains will support it or give a deployment schedule. Chainlink’s CCIP is designed to transfer tokens and messages between blockchains. GoldZip, which issues XGZ, is working with Midas Labs on the integration. The exchange supplies the link to the gold market, while the protocol is intended to provide cross-chain infrastructure. The practical reach of the project will depend on which networks are ultimately supported and when transfers become operational. GoldZip says eligible holders can seek physical redemption starting at 1,000 XGZ, equivalent to one kilogram of gold, subject to eligibility and...