Ayni Gold versus Tether Gold (XAUT): Two Distinct Strategies for On‑Chain Gold

crypthub

about 4 hours ago

Token Models

Tokenized gold splits into two models: static price exposure and productive yield. XAUT (Tether Gold) offers on‑chain ownership of physical bullion, while Ayni Gold tokenizes mining capacity and pays yield. They serve different portfolio needs and are not direct competitors.

XAUT – Vault‑Backed Gold

Each XAUT token equals one troy ounce of London Good Delivery gold stored in Swiss vaults, verified quarterly by BDO Italia. The token runs on Ethereum, TRON and other chains, giving deep liquidity but no native yield. Redemption is possible only for 430 XAUT; otherwise holders trade on secondary markets for spot price exposure.

Ayni Gold – Production‑Linked Yield

AYNI represents a share of hourly mining capacity at Peru’s Minerales San Hilario concession and distributes quarterly PAXG rewards tied to actual gold output. Smart contracts were audited by CertiK and PeckShield, and institutional custody handles payouts. The token offers lower liquidity but provides a yield stream that rises with production, exposing investors to operational and smart‑contract risk.