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Tag: plasma network

Bitfinex Expands XAUT0 Support to Plasma Network

The post Bitfinex Expands XAUT0 Support to Plasma Network appeared com. James Ding Nov 25, 2025 06: 57 Bitfinex has announced the support for XAUT0 deposits and withdrawals on the Plasma network, enhancing digital gold accessibility and cross-chain transactions. Bitfinex, a leading digital asset trading platform, has announced the integration of XAUT0 on the Plasma network, allowing users to deposit and withdraw this tokenized version of gold. This development, effective from November 24, 2025, aims to enhance the accessibility and utility of digital gold by leveraging a high-performance, interoperable blockchain infrastructure. Plasma Network Integration The integration allows Bitfinex users to engage in faster cross-chain transactions that are both secure and cost-efficient. The Plasma network, a Layer-1 blockchain designed for stablecoins, boasts over $2. 5 billion in total value locked (TVL), aligning with Bitfinex’s mission to promote financial freedom globally. This move is considered a significant advancement in the stablecoin infrastructure supporting real-world assets. Growth in Tokenized Gold Sector The announcement comes at a time when the tokenized gold sector has surpassed $3 billion in market value. Bitfinex’s support for XAUT0 on Plasma follows its previous integrations with The Open Network (TON) and Solana, reflecting the platform’s commitment to providing greater flexibility and utility for tokenized assets. Users can now convert between XAUT0 and XAUT at a 1: 1 ratio using Bitfinex’s Currency Conversion tool. Enhanced User Experience Anoush Bhasin, Head of Listings at Bitfinex, expressed enthusiasm for this integration, stating that it advances the goal of providing seamless access to digital assets within the crypto ecosystem. This initiative allows users to manage their gold across multiple chains, setting new standards for tokenized gold transactions. Deposits and withdrawals for XAUT0 on Plasma commenced at 12: 00 PM on November 24, 2025. Interested users can access XAUT0 through Bitfinex’s official platform. However, it is important to note that XAUT0.

Bitfinex Integrates XAUT0 with Plasma Network for Enhanced Digital Gold Trading

The post Bitfinex Integrates XAUT0 with Plasma Network for Enhanced Digital Gold Trading appeared com. 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.