CCIP provides a standardized system for moving tokens and messages between blockchains. Issuers can manage how their assets move while Chainlink’s infrastructure processes the cross-chain transactions.
GoldZip was named an integration partner for CCIP 2.0, which Chainlink launched on September 28, 2026, with infrastructure for institutional digital assets and cross-chain transactions. Other partners included Deutsche Börse Group’s Crypto Finance, Fidelity International, Google Cloud and SBI Digital Markets.
According to Chainlink’s October quarterly review, the protocol saw $15 billion in token migrations throughout 2026.
XGZ ownership, fees and physical gold redemption
Every XGZ token corresponds to one gram of 99.99% fine gold stored in accredited vaults. GoldZip’s documentation says approved gold bars undergo verification before entering depositories recognized by HKGX.
Launched in December 2025, the token is divisible down to 0.00000001 XGZ, allowing transfers of fractions of a gram. GoldZip charges the sender a transaction fee equal to 0.01% of the amount transferred.
Physical redemption starts at 1,000 XGZ, equivalent to one kilogram, and requires eligibility verification, anti-money laundering compliance and know-your-customer checks. Cross-chain transfers of the gold token are intended to expand its blockchain reach; physical redemption remains subject to those conditions.
As of late October 2026, GoldZip’s website listed approximately 39,000 circulating tokens, corresponding to 39 kilograms of gold. XGZ’s market capitalization stood at about $5 million, and the token traded on Uniswap and MEXC.
GoldZip’s transparency page identifies bars allocated to circulating tokens, including serial numbers, refiners, weight and storage information. The company periodically updates reserve information and has outlined plans to expand its physical gold reserves to about $300 million.
Midas Labs builds infrastructure for institutional gold trading
Midas Labs is GoldZip’s designated Web3 development company, tasked with building infrastructure for digital gold trading and institutional participation. The CCIP work builds on that existing partnership.
The partnership covers blockchain infrastructure, tokenized commodity trading and technology connecting physical gold reserves with digital asset markets. Midas Labs also supports HKGX’s plans to offer digital gold services to its institutional membership.
According to HKGX Chairman Haywood Cheung, the exchange needed to look into blockchain-based trading and digitize transactions in step with the financial markets’ adoption of new technology.
Hong Kong policy and GoldZip’s issuer change
Hong Kong’s September policy address outlined measures for gold and other tokenized real-world assets through licensed trading platforms. HKGX provides precious-metals trading infrastructure and has nearly 150 institutional members.
The exchange traces its history to 1910. It succeeded the Chinese Gold and Silver Exchange Society after a restructuring that took effect in January 2025.
Separately, GoldZip outlined a change under which British Virgin Islands-incorporated GoldZip Company Limited would replace Singapore-based GoldZip Pte Limited as XGZ’s issuer. Both belong to the HKGX group, and the proposed replacement is expected to take on the existing issuer’s responsibilities, including redemption liabilities and obligations.
GoldZip designated November 5, 2026, at 11:59 p.m. UTC as the cutoff for holders wishing to object to the change in issuer.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
