WEEX Exchange First Launches Silver Token XAG, Expanding the Precious Metal RWA Trading Landscape

2026-01-09 03:21

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Against the backdrop of increased volatility in the precious metals market and the gradual realization of the RWA narrative, the digitalization of assets such as silver is becoming a key intersection connecting the traditional asset space with the crypto market.

Source: WEEX

Against the backdrop of escalating global risk aversion, the precious metals market has once again become a focus of the market. Following the strong performance of gold assets, the price of silver has recorded a significant increase over the past year, gradually shifting from being seen as an "industrial metal" to a "portfolio diversification tool" at the center of discussions.

According to an official announcement, the WEEX trading platform officially launched the spot and perpetual contract trading of the silver token XAG on January 7. XAG is pegged to the price of physical silver in the global mainstream market, with real-time price data synchronization, allowing users to participate in the silver market's fluctuations through digital assets.

From "Trading Hours" to an "All-Weather Market"

Unlike the traditional precious metals market, which has clearly defined trading hours, XAG operates in the form of a cryptocurrency on-chain and within the trading platform system, supporting 24/7 continuous trading. This means that once real-world silver assets enter the digital trading system, their liquidity and price discovery mechanisms are no longer confined to specific regions or time windows.

For users accustomed to the pace of the crypto market, this all-weather trading mode significantly reduces the risk of missing out on market trends and also makes precious metal assets more similar to mainstream crypto assets in terms of trading experience.

Precious Metals Asset Digitization Under the RWA Narrative

The silver token XAG is a typical example of the RWA (Real World Assets) digitization path. By mapping real-world assets with mature pricing mechanisms onto the blockchain, RWA attempts to establish a sustainable connection channel between the traditional financial system and the crypto market.

Ethan, Co-founder and Chief Security Officer of WEEX, mentioned in a public discussion that RWA is not a short-term topic but a long-term engineering project that places high demands on trading infrastructure, system stability, and risk control capabilities. "When real-world assets enter the on-chain market, trading goes from limited hours to 24/7 operation, and the platform needs to have a more mature system architecture to handle the continuous trading demand for such assets."

In his view, the trading platform should play a neutral infrastructure provider role in the RWA process, rather than simply pursuing asset quantity expansion. This also means that when introducing real-world assets such as precious metals, the platform needs to maintain a long-term balance between liquidity, trading continuity, and risk control.

WEEX: Continuously Improving Precious Metals Product Matrix

In addition to the newly launched XAG, the WEEX trading platform currently supports various precious metal tokens such as PAXG, XAUT, XAG in spot and contract trading, covering the two core precious metal categories of gold and silver. This product layout allows users to flexibly allocate precious metal-related assets on the same trading platform based on different risk preferences and market judgments.

In the context of intensified precious metal price volatility and the gradual implementation of the RWA narrative, the digitalization of assets such as silver is becoming an important intersection connecting the traditional asset and crypto markets.