XAUD is an asset backed token tethered to the value of Australian Dollar. The XAUD token is issued, managed, and secured using blockchain technology, specifically the Ethereum blockchain (ERC20).

The company does not charge transfer fees or management fees on XAUD, ensuring the fixed value of the underlying AUD. A fee of 1% applies to all over-the-counter redemptions directly with the company. Trading fees may apply to the sale and purchase of XAUD on third party digital asset exchanges.

XAUD is built on the Ethereum blockchain, which gives it the inherent security and transaction immutability of Ethereum. Transactions are unable to be reversed or changed providing a tamper-proof ledger of ownership, transactions and balances.

Yes, XAUD will be subject to comprehensive financial and controls audits. The smart contract codebase has been audited for quality, security and correctness.

Token holders can redeem their underlying Australian dollars directly. The redemption will be subject to TAU’s whitelisting process and a minimum redemption amount of AU$100,000. XAUD tokens can also be traded on participating digital asset exchanges for other paired assets, both fiat and cryptocurrency, providing more options for XAUD holders.

Yes, XAUD tokens are fractionlised to 5 decimal places