Matrixdock Launches Silver Token XAGm With FRS Framework

The notable design choice here is the FRS mechanism: baking custody costs into a declining ounces-per-token parameter rather than charging a separate fee is a structural departure from how most commodity tokens handle carry, and it makes the token's metal content a moving target that holders must track. The Bureau Veritas audit lends credibility, but the real test of any silver token is whether the reserve framework holds up as supply grows and redemption pressure appears. Whether the annual 0.3% adjustment is read as transparent cost pass-through or as silent dilution is the open question.