Tether Gold (XAU₮) has been recognized as an Accepted Spot Commodity within ADGM, the international financial center of Abu Dhabi in the UAE.
As per the announcement, the recognition allows firms in ADGM to offer XAU₮, subject to their own relevant regulatory permissions and approval to use Accepted Spot Commodities.
XAU₮ brings physical gold on chain in a simple, transferable form. Each full XAU₮ token represents one troy fine ounce of gold on a London Good Delivery bar, giving users and institutions a way to access the enduring value of gold with the speed, portability, and transparency of blockchain technology.
Paolo Ardoino, CEO of Tether noted that the bringing XAU₮ into its Spot Commodities framework, allows ADGM to create new room for firms with relevant regulatory permissions to work with a token backed by physical gold. He stated, ” This is an important step for tokenized real-world assets and for the growth of practical, regulated digital finance in the Middle East.”
“ADGM continues to advance a trusted, well-regulated environment that enables responsible innovation across digital assets and tokenised real-world assets,” said Arvind Ramamurthy, Chief Market Development Officer at ADGM. “The recognition of XAU₮ as an Accepted Spot Commodity further strengthens the breadth of products and services available to firms operating from ADGM, supporting the continued scaling of business activity within ADGM and Abu Dhabi’s growing financial ecosystem.”
Tokenized real-world assets now represent more than $31 billion in distributed asset value, up from roughly $6.6 billion a year earlier.
In June 2026, UAE Prypco, a tokenization platform that started with real estate, announced it would be offering tokenized gold on its platform powered by Paxos Gold. The offering will be available to investors globally.
According to PRYPCO, this will make it simpler to own gold, given it is being sold fractionally, in digital form, and can be sold on a marketplace. Users of the platform can start investing in gold from AED 100. .
The Gold on Prypco is powered by Paxos Gold. PAX Gold (PAXG) is an asset-backed token where each token represents one fine troy ounce of a London Good Delivery gold bar, stored in secure vaults. It allows investors to own and trade physical gold easily on the blockchain, combining the stability of gold with the mobility of cryptocurrency
