Hong Kong Gold Exchange Integrates Chainlink for XGZ Token

The Hong Kong Gold Exchange (HKGX) announced plans to integrate Chainlink for the gold-backed token XGZ. According to a statement from October 27, GoldZip, along with developer Midas Labs, is implementing the CCIP protocol to enable the token to move securely across supported networks beyond Ethereum. Chainlink identified HKGX as the fourth-largest gold trading platform in the world; the exchange has a history dating back to 1910 and includes nearly 150 institutional members.

XGZ is an ERC-20 token on Ethereum: one token corresponds to one gram of 99.99% gold in recognized vaults. The token is divisible up to 0.00000001 XGZ, with a transfer fee of 0.01% of the amount, paid by the sender. Physical redemption is available from 1000 XGZ (1 kg) subject to project requirements and anti-money laundering regulations. The GoldZip website lists about 39,000 XGZ in circulation – 39 kg of gold; data on the bars include serial numbers and refining companies, with independent audit reports yet to be published.

The integration relies on CCIP 2.0 from September 28. GoldZip was named among partners alongside Crypto Finance of the Deutsche Börse Group, Fidelity International, Google Cloud, and SBI Digital Markets. In August, BitGo chose Chainlink for Wrapped Bitcoin instead of LayerZero, and Chainlink's quarterly review indicated over $15 billion in token migrations by 2026.

GoldZip announced its partnership with Midas Labs earlier: the company is appointed as the Web3 developer for the digital gold ecosystem for institutional participants. "The exchange needs to explore blockchain trading and digitize transactions," said HKGX Chairman Haywood Cheung.

In a notice from October 15, GoldZip reported that GoldZip Company Limited from the British Virgin Islands will replace Singapore's GoldZip Pte Limited as the issuer of XGZ, assuming redemption obligations. The deadline for objections is November 5, 2026, 23:59 UTC.