Terrill Dicki
Nov 25, 2025 06:15
Bitfinex now supports XAUT0 on the Plasma network, facilitating faster and cost-efficient cross-chain transactions for tokenized gold.
Bitfinex, a leading digital asset trading platform, has announced its support for deposits and withdrawals of XAUT0 on the Plasma network. This strategic move, effective from November 24, 2025, aims to enhance the accessibility and utility of digital gold through a high-performance blockchain infrastructure, according to Bitfinex.
Expanding Digital Gold Accessibility
XAUT0 is a tokenized version of gold, designed to facilitate seamless transactions in the digital realm. The integration with the Plasma network allows Bitfinex users to execute faster and more secure cross-chain transactions, offering a cost-efficient solution for digital gold trading. This development comes at a time when the tokenized gold sector has surpassed a market value of $3 billion, highlighting the growing interest and demand for digital gold assets.
Plasma Network’s Role and Market Impact
Plasma, a Layer-1 blockchain specifically designed for stablecoins, has launched with over $2.5 billion in total value locked (TVL). Its decentralized and scalable payment infrastructure aligns with Bitfinex’s mission to promote financial freedom globally. By supporting real-world assets, Plasma enhances the stablecoin infrastructure, marking a significant milestone in the evolution of digital finance.
Seamless Integration with Other Networks
The integration of XAUT0 with the Plasma network follows its successful adoption on The Open Network (TON) and Solana. This expansion reflects Bitfinex’s commitment to providing greater flexibility and utility for tokenized assets. Customers can convert between XAUT0 and XAUT at a 1:1 ratio using Bitfinex’s Currency Conversion tool, further simplifying the management of digital gold across multiple blockchain networks.
Strategic Vision and Future Prospects
Anoush Bhasin, Head of Listings at Bitfinex, emphasized the significance of this integration, stating, “Integrating with Plasma advances our goal to continuously provide seamless access to digital assets within the crypto ecosystem.” This collaboration not only sets new standards for tokenized gold but also reflects Bitfinex’s strategic vision to enhance user experience and accessibility in the digital asset space.
Deposits and withdrawals for XAUT0 on the Plasma network commenced at noon on November 24, 2025. Interested users can access XAUT0 through Bitfinex’s official website. However, it is important to note that XAUT0 is not directly issued or redeemable by Tether.
About Bitfinex
Established in 2012, Bitfinex offers state-of-the-art trading services for digital tokens, providing advanced trading features, charting tools, and access to peer-to-peer financing, an OTC market, and margin trading. The platform is dedicated to supporting global liquidity providers and experienced traders with innovative tools and superior support.
Image source: Shutterstock
Source: https://blockchain.news/news/bitfinex-integrates-xaut0-with-plasma-network
