EL7.AI
CryptoMedium•27 October 2026•
4 min read

Gold token XGZ cross-chain transfers under development with CCIP integration

Key Facts

1GoldZip and Midas Labs are working to integrate CCIP into XGZ, according to an announcement on Oct. 27.
2Each XGZ represents one gram of gold with a purity of 99.99% and is currently available as an ERC-20 token on Ethereum.
3The published allocation totaled 39,000 XGZ against 39 bars, with 260 holders in a snapshot dated Oct. 5, 2026.
4Standard redemption of gold bars starts at 1,000 XGZ and is subject to anti-money laundering requirements.
5The deadline to object to the issuer change is Nov. 5, 2026, at 11:59 p.m. UTC.

Chainlink said on Oct. 27 that GoldZip, the developer of the gold-backed XGZ token, is working with blockchain development firm Midas Labs to integrate its CCIP protocol for transferring the token across supported blockchains. The project aims to enable transfers between networks, but the announcement describes work in progress and does not mean the service is available to token holders. Neither Chainlink nor GoldZip specified which networks would support transfers first. They also did not announce when the integration would go live. The move frames the effort as development of transferability for an existing asset, with launch details still pending an announcement.

According to specifications published on GoldZip’s website, each XGZ represents one gram of gold with a purity of 99.99%. The token is currently available as an ERC-20 token on the Ethereum network, indicating that the CCIP announcement aims to extend the transferability of an existing token to other networks. GoldZip’s policy sets a minimum of 1,000 XGZ for standard redemption of gold bars. Redemptions are also subject to anti-money laundering requirements. This means the circulating token unit differs from the stated minimum for redeeming a physical bar.

GoldZip’s published data provides a snapshot of the token’s scale dated Oct. 5, 2026, showing 39,000 XGZ allocated against 39 gold bars, alongside 260 holders. On the same page, the company said reserve reports and independent auditor reports had not yet been published. These figures link the token to allocated physical assets, according to company data, while the reports cited remain among the information the page said had not been issued at the time. The snapshot predates the CCIP integration announcement on Oct. 27. The snapshot data alone does not show whether it has changed since its date.

The partnership between GoldZip and Midas Labs extends to a strategic partnership announced in May 2026. GoldZip said at the time that Midas Labs would build an institutional digital gold ecosystem, linking the project to expanding services for nearly 150 institutional members of the Hong Kong Gold Exchange. In the partnership announcement, the exchange’s chairman, Haywood Cheung, said the institution saw a need to explore blockchain trading and the digitization of transactions as markets moved toward these technologies. He added: "We need to explore blockchain trading and digitize transactions to keep pace with the new generation of Web3 trading trends and the future of digitization." This context places the CCIP integration within a broader effort to build digital gold services for institutions, without the new announcement specifying when they would become available.

Chainlink launched CCIP 2.0 on Sept. 28, 2026, saying it was available to institutions and digital asset issuers. The company said the protocol secures more than $84 billion in token value across chains, and that assets worth more than $15 billion had moved through it in the four months before the announcement. The release specifications also include an option to add an independent verification layer; Chainlink said the default verifier relies on 16 independent node operators that have undergone a security review. According to the company, the specifications allow asset issuers to set compliance controls, including know-your-customer and anti-money laundering requirements and transaction limits. The XGZ announcement did not specify which controls would be used in the integration.

Alongside development of the integration, GoldZip announced a change of issuer from GoldZip Pte Limited to GoldZip Company Limited, setting Nov. 5, 2026, at 11:59 p.m. UTC as the deadline to object to the change. The original notice was dated Oct. 15, 2026, according to the company’s page. The deadline is among the information published for token holders, while the CCIP announcement did not set a comparable date for the launch of cross-network transfers. Until then, the networks that will support XGZ and the date the integration will become available to holders remain unannounced. GoldZip says objections to the issuer change can be submitted until the stated deadline.