According to CoinMeta, the Hong Kong-regulated tokenized gold XAUa has been launched on the SUI blockchain. This token is based on the SUI protocol and is minted using permissioned, asset, and standard (including PAS). It is issued by AlphaToken and distributed by Tbook. Each XAUa token is backed by physical gold stored in Hong Kong, and holding and purchasing such tokens require meeting certain qualification requirements. In accordance with PAS rules, the issuer incorporates compliance regulations into the policy framework, and each transaction must pass policy verification before it can be settled. Tbook has already migrated the treasury issuance platform to PAS; subsequently, RWA issuers will be able to issue tokens backed by similar compliance-controlled treasuries on SUI.