What Is XAUH? A New Gold-Backed Token on TON Blockchain

Gold just hit record territory — and one Swiss-backed project has been quietly building the infrastructure to bring physical bullion directly onto the TON blockchain. 

XAUH, issued by Herculis Tokens SA, is a gold-backed crypto token that pegs each unit to exactly one gram of LBMA 999.9 fine gold, refined, audited, stored, and insured entirely within Switzerland. 

It's not a stablecoin, and it's not a gold ETF wrapper. It's physical gold on-chain — available in fractions as small as 0.01 grams, tradeable 24/7, and redeemable for actual gold bars from 500 grams upward.

With gold prices surpassing $5,000 per ounce and the tokenized gold market reaching approximately $5.37 billion in total market cap, the timing of XAUH's positioning matters. Here's everything you need to know.

Key Takeaways

• XAUH is issued by Herculis Tokens SA — a Swiss investment boutique founded in 2009 — and each token represents exactly 1 gram of LBMA 999.9 fine gold stored in Swiss vaults with zero recurring custody fees.
• The token runs on JAMTON.NETWORK, a Layer 2 protocol for TON and Polkadot, tradeable on STON.fi, Capital DEX, and Biconomy with a transfer fee of just 0.02%.
• Unlike XAUT (troy ounce per token, ~$3,000+ entry), XAUH starts at 0.01 XAUH (~$1.20–$1.40), making fractional Swiss gold accessible at the retail level for the first time.

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What Is XAUH and Who Is Behind It?

Herculis Gold Coin (XAUH) is the flagship tokenized asset of Herculis Tokens SA, part of the Herculis Group, a Swiss investment boutique established in 2009 by a group of Swiss partners focused on wealth management for HNWIs, family offices, and charitable foundations. 

The company specializes in the design, structuring, and tokenization of real-world assets, from LBMA gold bullion and financial instruments to fine art masterpieces.

The issuing entity is incorporated under Panamanian law and regulated by Panama's Financial Analysis Unit (FIU) for anti-money laundering compliance. 

The gold itself, however, is 100% Swiss: refined by PX Precinox, stored in vaults managed by Herculis House, Brinks, and Loomis, insured through global Swiss-backed insurers, and audited quarterly by independent Swiss audit firms. 

That combination of offshore regulatory flexibility and Swiss custody rigor is a deliberate structural choice — one designed to serve both institutional and retail buyers across multiple jurisdictions.

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How XAUH Works: The Token Mechanics

Every XAUH token in circulation corresponds to exactly one gram of physical gold sitting in a Swiss vault. 

Token supply is uncapped but strictly reserve-linked — new tokens can only be minted when corresponding gold is deposited and verified in approved custody facilities. There is no fractional reserve model here; the system is fully allocated.

The token operates on JAMTON.NETWORK, a Layer 2 protocol built on top of both the TON blockchain and Polkadot. This gives XAUH instant settlement (versus T+2 for gold ETFs and physical bars), 24/7 global trading access, and cross-chain interoperability. 

On-chain reserve data is fed through the Chainlink decentralized oracle network, allowing any holder to independently verify that circulating supply matches physical gold holdings at any time. Quarterly Swiss audit reports are also published directly on the XAUH.gold platform.

For fees: institutional tokenization carries a one-time 0.30% charge; direct retail purchases run at 2% for 1kg or more and 3% below that threshold. 

On-chain transfers cost just 0.02%. Redemption for physical gold bars starts at 500 XAUH (500 grams), with fees of 1% for 1kg-plus and 3% for the 500-gram minimum. 

There are no recurring custody or insurance charges — a notable contrast to major gold ETFs, which typically charge 19–40 basis points annually.

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XAUH vs XAUT: How Does It Compare to Tether Gold?

The tokenized gold market is already dominated by two giants: Tether Gold (XAUT) with a market cap over $2 billion, and PAX Gold (PAXG) at around $1.3 billion. 

XAUH is an early-stage entrant by comparison — its current market cap sits at roughly $666,000 with a circulating supply of approximately 4,500 tokens and a price around $148 per token, directly tracking the spot price of one gram of gold.

The key differentiator is granularity and chain choice. XAUT pegs to one troy ounce (~31.1 grams), which puts its entry price above $3,000 per token. XAUH pegs to one gram, with a minimum purchase of 0.01 XAUH — around $1.20 to $1.40 at current prices. 

That opens up Swiss LBMA gold to retail investors who simply can't access the troy-ounce market. 

XAUT operates on Ethereum and Tron (well-established, high-liquidity chains); XAUH operates on TON and Polkadot via JAMTON, which offers lower fees and native Telegram wallet integration — a potentially significant distribution advantage given Telegram's 900M+ user base. 

XAUH also holds a CertiK security rating of 3.4 on CoinMarketCap, reflecting early-stage but audited smart contract infrastructure.

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Conclusion

XAUH is a genuinely differentiated entry in the tokenized gold space — not because gold on a blockchain is new, but because of the specifics: Swiss end-to-end custody, gram-level fractional access starting at around $1.20, zero ongoing fees, quarterly third-party audits, and on-chain Chainlink verification. 

Its TON and Polkadot infrastructure positions it for Telegram's native crypto ecosystem, which is a distribution angle that neither XAUT nor PAXG currently exploits. 

The market cap is tiny right now — barely above $666K — and liquidity is thin at roughly $19K in daily volume. That's both the risk and the opportunity. If the project scales its user base and exchange listings, the gap between XAUH and the established tokenized gold players narrows considerably.

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FAQ

What is XAUH crypto?

XAUH is the ticker for Herculis Gold Coin, a gold-backed token issued by Herculis Tokens SA on the JAMTON.NETWORK (a Layer 2 protocol on TON and Polkadot). Each XAUH represents exactly one gram of LBMA 999.9 fine gold stored in Swiss vaults. It is designed to function as a gold payment token with instant settlement, 24/7 trading, and physical redemption rights.

How is XAUH different from a gold ETF?

Gold ETFs charge annual custody fees of 19–40 basis points, require brokerage accounts, and settle on a T+2 basis. XAUH has no recurring custody fees, settles instantly on-chain, requires no brokerage, and allows holders to redeem directly for physical gold bars starting at 500 grams. 

The minimum entry is also significantly lower — 0.01 XAUH (~$1.20) versus one ETF share, which typically costs $300+ for major funds.

Where can I buy XAUH?

XAUH can be purchased directly through the official website at XAUH.gold or traded on STON.fi, Capital DEX, and Biconomy (XAUH/USDT pair). Supported wallets include Telegram Wallet, Tonkeeper, and MyTonWallet.

Is XAUH audited?

Yes. Herculis Tokens SA publishes quarterly gold bullion audit reports conducted by independent Swiss audit firms. These reports confirm that the physical gold in custody matches the circulating token supply. Reserve data is also accessible on-chain via the Chainlink decentralized oracle network.

What is the difference between XAUH and XAUT?

XAUT (Tether Gold) represents one troy ounce of gold per token (~31.1 grams), priced at over $3,000 per unit, and runs on Ethereum and Tron. XAUH represents one gram of gold per token (~$148 at current prices), runs on TON and Polkadot via JAMTON, and has a minimum purchase of 0.01 XAUH (~$1.20). XAUH targets granular, retail-level access; XAUT targets institutional and high-net-worth buyers. Both are backed by Swiss-stored LBMA gold.

Can I redeem XAUH for physical gold?

Yes. KYC-verified holders can redeem XAUH for physical Swiss LBMA 999.9 gold bars with a minimum of 500 XAUH (500 grams). Redemption fees are 1% for quantities of 1 kilogram or more, and 3% for the 500-gram minimum. Delivery is available globally, though shipping costs are not included in the redemption fee.

What blockchain does XAUH run on?

XAUH runs on JAMTON.NETWORK, a Layer 2 protocol built for both the TON blockchain and Polkadot. This gives it compatibility with the TON ecosystem — including native Telegram Wallet integration — as well as cross-chain functionality on Polkadot. On-chain transfers cost just 0.02% per transaction.

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