XAGm, issued by Prometheus Solutions Ltd, is a digital token representing allocated physical silver that is backed by London Bullion Market Association (LBMA) accredited physical silver under Matrixdock's Fungible Reserve Standard [S1].

Each XAGm token represents one fine troy ounce of LBMA-accredited physical silver, with value tracking the underlying metal priced against the LBMA Silver Price [S1]. The token carries no native yield, as its economic exposure derives solely from movements in the underlying silver price [S1]. Total token supply corresponds to physical silver held with the issuer's custody framework, verified through independent physical audits and onchain Proof of Reserves feeds [S1][S2].

Prometheus Solutions Ltd, operating as Matrixdock, has a British Virgin Islands nexus, with the token issued through a bankruptcy-remote special purpose vehicle whose equity is held under a purpose trust, segregating reserve assets from Matrixdock's corporate balance sheet [S3][S4]. Matrixdock states it makes no offer to buy or sell any securities or other instruments and will not treat users of the website as its clients [S5]. Secondary holding and transfer are permissionless, while primary minting and redemption require KYC onboarding, with screening against OFAC, UN and EU sanctions lists [S6][S3]. Reserves are segregated and bankruptcy-remote from other product lines [S4].

XAGm is issued onchain under Matrixdock's Fungible Reserve Standard, with token supply tracking vaulted silver [S1]. Minting requires KYC onboarding, and reserves are verified through independent physical audits by Bureau Veritas, regular vault asset statements, and onchain Proof of Reserves feeds [S2][S7].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://www.matrixdock.com/stbt" },
    { id: "S2", url: "https://www.matrixdock.com/transparency/underlying-assets" },
    { id: "S3", url: "https://www.matrixdock.com/aml-statement" },
    { id: "S4", url: "https://www.matrixdock.com/transparency/bankruptcy-remoteness" },
    { id: "S5", url: "https://www.matrixdock.com/" },
    { id: "S6", url: "https://www.matrixdock.com/xaum" },
    { id: "S7", url: "https://www.matrixdock.com/transparency/transparency-panel" },
  ]}
/>


Tokenized commodities

website

twitter

Real-world asset (RWA) issuers

Matrixdock

Matrixdock Silver (XAGm) is a silver-backed token issued by Matrixdock.

The metal is held in vaults in Singapore and Hong Kong operated by Malca-Amit and Brink’s in a bankruptcy-remote structure, is attested by Bureau Veritas, and carries an annual storage fee of 0.3%.

Retail investors and institutions can mint and redeem directly with Matrixdock after completing KYC.

XAGm has been issued on public blockchains since March 2026 and is native to Ethereum and Sui.

Matrixdock SilverXAGm

All metrics