Transak is making it a whole lot easier to own a piece of gold—right from your phone. The fintech on‑ramp just added Tether Gold (XAU₮) to its roster, meaning you can now buy, hold and move tokenized gold without ever stepping foot in a vault or filling out mountains of paperwork.
Democratizing Access to Gold
Remember when gold bars were basically off‑limits unless you had a Swiss bank account? Those days are fading fast. With XAU₮, every token you buy is backed by a real troy ounce of gold tucked safely away in Switzerland. But instead of dealing with armored trucks and storage fees, you just tap “buy” in your wallet, pick your local payment option—say PIX in Brazil or SEPA in Europe—and you’re set.
Transak CEO Sami Start puts it simply: “At Transak, we’ve built the world’s most robust infrastructure for onboarding users into stablecoins, and adding Tether Gold is a natural evolution. A gold-backed asset like XAU₮ expands the horizon. It offers people a path to preserve value in something time-tested, tangible, and globally trusted. We’re proud to make that accessible through Transak.”
He’s right. In economies where inflation spikes or currencies wobble, being able to park savings in something as solid as gold—even if it’s digital—could be a real game‑changer. It’s not just about nostalgia, either. Sure, gold has been around for millennia, but tokenizing it opens up new possibilities.
Want to use gold as collateral in a DeFi loan? Go ahead. Need to send value across borders without banks or hefty fees? XAU₮ has your back. And unlike dollar‑pegged stablecoins, gold can’t be “printed” on a whim by any central bank, so it holds its scarcity—and its trust.
Transak isn’t small potatoes, either. Headquartered in Miami with teams in London, Milan, Dubai, Hong Kong and Bengaluru, the platform already serves over 8.3 million users and works with more than 450 partners. Whether you’re buying Bitcoin, picking up Ether or now snagging some digital gold, Transak handles the messy stuff—KYC checks, compliance, payment routing—so you don’t have to.
So, what’s next? With tokenized gold just a click away, the line between old‑school and digital finance keeps blurring. For savers in volatile markets, it’s a new way to protect their money. For DeFi users, it’s another tool in the kit. And for everyone else, it’s proof that even the most ancient stores of value can find a home in the modern, global economy.
