CoinDCX Lists Tether Gold XAUT, Launches ₹100 Gold SIP in India

• CoinDCX has listed Tether Gold (XAUT) for trading and launched a tokenized gold SIP starting at ₹100, the exchange announced on August 27.
• XAUT is the largest gold-backed token by market capitalization, trading near $2.7 billion and tracking the spot price of physical gold held in vaults.
• The launch deepens CoinDCX’s push into tokenized real-world assets, though gains fall under India’s flat 30% tax on virtual digital assets.

CoinDCX has listed Tether Gold (XAUT) for trading and launched a systematic investment plan on the token starting at ₹100, the exchange said on August 27. The move brings the largest tokenized gold product by market capitalization to Indian investors through a domestic platform, letting them buy fractional exposure to physical gold through spot trades or recurring purchases.

The launch extends a busy stretch of product expansion for the exchange. Earlier in August, CoinDCX rolled out a Daily SIP option alongside its monthly plans, both starting at ₹100, and added XIRR tracking for annualized returns. The company had already broadened its custody footprint with CoinDCX’s Bharat Custody solution in late 2024. XAUT now sits inside that widening suite as the exchange pushes beyond spot crypto trading.

“Indian investors have consistently demonstrated a strong affinity for gold as a long-term store of value,” said Mridul Gupta, Founding Partner at CoinDCX. “Through our partnership with Tether Gold, we’re bringing that familiarity into the digital era by making tokenized gold accessible, affordable, and easy to invest in.”

Each XAUT token represents one troy fine ounce of gold on a London Good Delivery bar, according to issuer TG Commodities. The company says the allocated gold carries a unique serial number, purity, and weight, and that holders can redeem it for physical delivery, subject to minimum thresholds. XAUT tracks the spot gold price closely, and its market capitalization stands near $2.7 billion, making it the largest gold-backed token by that measure, per CoinGecko data.

ALSO READ: CoinDCX Introduces ₹50 Crore Bharat Custody to Strengthen Crypto Asset Security

Tokenized gold has become one of the faster-growing segments of the real-world asset market. XAUT and Paxos Gold together account for the bulk of the category, which analytics platforms place in the multibillion-dollar range through 2026. CoinDCX has framed the listing as part of a broader shift toward tokenized real-world assets, or RWAs, that bring traditional stores of value onto blockchain rails.

For Indian investors, gains on XAUT fall under the country’s flat 30% tax on virtual digital assets, the same regime that applies to crypto. The product also differs from familiar gold instruments. A Sovereign Gold Bond is issued by the Reserve Bank of India, and a gold exchange-traded fund is a regulated securities product, while XAUT held through an exchange account leaves investors exposed to platform and issuer counterparty considerations.

CoinDCX serves more than 20 million users and lists over 500 assets, and it has signaled that RWAs will feature more prominently in its lineup. Whether tokenized gold draws the same retail following as its ₹100 crypto SIPs will depend on how Indian investors weigh the convenience against the tax and custody trade-offs.

Editorial Note: Reported and edited by the Crypto India Magazine editorial team. We use AI tools to assist with research and drafting; every article is reviewed and fact-checked by our editors.

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