Honoring a Long and Successful Legacy, Embracing a New Era of Prosperity
SHANGHAI, June 24, 2026 /PRNewswire/ -- On June 23, The Sherwin-Williams Company (NYSE: SHW), a global leader in the paint and coatings industry, celebrated its 160th anniversary as a Company, including nearly 100 years in China, with a grand event in Shanghai, China. Distinguished guests included government officials from Jing'an District and Jiading District of Shanghai and Nantong, Jiangsu Province, as well as delegates from the U.S. Consulate General in Shanghai and Shanghai Shibei Hi-Tech Group. Also in attendance were representatives from U.S.-China Business Council, the American Chamber of Commerce in Shanghai and the China National Coatings Industry Association. Sherwin-Williams employees, together with industry partners including customers and suppliers, also joined the celebration to reflect on the Company's 160-year journey of innovation and growth.
Heidi G. Petz, Sherwin-Williams, Chair, President and Chief Executive Officer, stated in her opening remarks: "Since our founding in 1866, Sherwin-Williams has remained committed to innovation-driven growth. Our 160-year journey is a testament to how innovative coating solutions have continually advanced industry progress." Ms. Petz added, "Sherwin-Williams will continue to deepen its regional engagement, integrating global expertise with local insight, supporting industrial upgrading and transformation in China and across Asia, and contributing to high-quality regional development."
The celebration featured a thoughtfully curated immersive exhibition area that brought together technological innovation, environmental stewardship and cultural integration. The showcase highlighted Sherwin-Williams advanced coatings solutions across key sectors, including industrial manufacturing, new energy, transportation, construction, furniture and packaging. From products with sustainable attributes to innovative collaborations with China's intangible cultural heritage, the Company demonstrated its commitment to sustainability while embracing cultural diversity and fostering employee well-being, underscoring its long-standing philosophy of aligning business success with social responsibility.
On this occasion, experts from leading policy and business advisory institutions were invited to deliver keynote addresses and offered in-depth insights into policy trends and market dynamics across China, Southeast Asia and North America. The session provided valuable perspectives for local business leaders attending the event, helping to broaden their global strategic outlook.
To mark this milestone, the façade of the Citigroup Tower in Lujiazui, Shanghai lit up the skyline, featuring the "Sherwin-Williams 160th Anniversary" message in rotation. The installation served as a highlight of the celebration, reflecting the Company's close alignment with the city's development and its long-term commitment to supporting local economic and social progress.
Looking ahead, Sherwin-Williams remains committed to long-term growth. Leveraging its global capabilities and deep local expertise, the Company will continue to strengthen its innovation ecosystem and advance a more sustainable industrial landscape, delivering enduring value for economic development and societal progress.
ABOUT THE SHERWIN-WILLIAMS COMPANY
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® WaterSeal®, Cabot®, Suvinil® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches, while the Company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW).
Entering Asia in 1930 and regionally headquartered in Shanghai, The Sherwin-Williams Company today runs businesses in most of the Asian countries, supplying coating solutions with industry-recognized brands such as Sherwin-Williams®, Valspar®, Aquaguard®, Ultra®, Debeer Refinish®, Fluropon®, WeatherXL® and many more for the construction, furniture, industrial, packaging and transportation markets, etc.
For more information, visit www.sherwin.com.
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Sherwin-Williams Celebrates Its 160th Anniversary
Sherwin-Williams Celebrates Its 160th Anniversary
Sherwin-Williams Celebrates Its 160th Anniversary
SINGAPORE, June 24, 2026 /PRNewswire/ -- Matrixdock, Asia's leading Real-World Asset (RWA) tokenization platform, today announced the expansion of its flagship tokenized gold product, XAUm, to the Stellar network, extending institutional-grade access to physical gold through Stellar, an established blockchain platform for payments, asset issuance, and real-world asset innovation.
The expansion to Stellar reflects Matrixdock's continued commitment to connecting traditional stores of value with blockchain-based financial infrastructure. Institutional-grade tokenized gold is now natively issued on Stellar, extending XAUm's role as a reserve-grade asset in on-chain financial systems. XAUm has grown to rank among the top 4 tokenized gold products globally and Asia's largest, with over 88,000 unique on-chain addresses and 730,000 lifetime transactions across its ecosystem.
The Stellar Development Foundation is making a direct investment in XAUm as part of its on-chain treasury diversification, reinforcing XAUm's growing role as a reserve-grade asset for institutional treasuries.
Stellar's established infrastructure for asset issuance, payments, and financial applications makes it a natural home for XAUm as Matrixdock complements this foundation by serving as the reserve layer for on-chain finance, bringing institutional-grade assets on-chain with transparency, asset integrity, and real utility.
This follows a May 2026 collaboration between the Stellar Development Foundation and The Depository Trust & Clearing Corporation (DTCC), whose subsidiaries processed $4.7 quadrillion in securities transactions in 2025. DTCC announced plans to connect its tokenization service to the Stellar network as part of its multi-chain strategy.
"Bringing XAUm to Stellar gives institutions and treasuries access to an asset that strengthens the network's foundation for real-world finance," said Raja Chakravorti, Stellar Development Foundation Chief Business Officer.
XAUm is a fully allocated, institutional-grade tokenized gold asset. Each XAUm token is backed 1:1 by 99.99% purity LBMA-accredited physical gold, securely stored with leading custodians Brink's and Malca-Amit. Reserves are independently audited by Bureau Veritas, the same firm that verifies the world's largest gold ETFs, with Stellar smart contracts audited by OtterSec and Runtime Verification.
Expanding the Utility of Tokenized Gold
As the tokenized asset market continues to evolve, attention is increasingly shifting from simply bringing assets on-chain toward enabling practical financial applications around them.
"Every chain we expand to must meet the same standard as our assets do: institutional trust, verifiable integrity, and real utility," said Eva Meng, Head of Matrixdock. "Stellar's proven track record in connecting financial institutions to blockchain infrastructure and its growing role in real-world assets make it a natural fit for Matrixdock's vision. By bringing fully allocated, independently audited gold onto Stellar, we're expanding access to transparent, institutional-grade reserve assets across leading blockchain networks."
XAUm will be integrated with Stellar DEX liquidity pools and lending markets, with on-chain liquidity support provided by Wave Digital Assets. XAUm-dedicated deposit vaults will also be launched in partnership with Stellar, enabling institutional clients to deposit, hold, and earn XAUm natively.
These integrations are designed to establish XAUm as a core RWA collateral asset across the Stellar ecosystem, providing users, protocols, and institutional treasuries with access to a physically-backed, fully-allocated gold instrument with on-chain utility.
By issuing XAUm on Stellar, Matrixdock is advancing a vision of bringing transparent, verifiable, high-quality reserve-grade assets into on-chain capital markets.
About Stellar
The Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services. It offers builders smart contracts functionality and a protocol optimized for payments, with a design intended to keep fees low and to provide transaction speeds that can scale with increased adoption. Financial institutions and innovators worldwide issue assets and settle payments on the Stellar network, which has processed billions of operations with millions of accounts since the network was first launched.
This announcement is for informational purposes only and is not investment, financial, legal, or tax advice, or an offer to sell or solicitation to buy any asset. XAUm availability, redemption, and related services are subject to applicable terms, eligibility requirements, and jurisdictional restrictions.
About Matrixdock
Matrixdock is Asia's leading real-world asset (RWA) tokenization platform, focused on bringing institutional-grade assets onto on-chain capital markets through fully allocated, transparent, and verifiable structures.
Its products include Matrixdock Gold (XAUm) and Silver (XAGm), each backed 1:1 by LBMA-accredited bullion with token-to-bar allocation, and STBT, a tokenized short-term U.S. Treasury product designed for on-chain liquidity and collateral use. All assets are held in professional custody, independently verified, with full transparency and integration across leading blockchain ecosystems.
Matrixdock also partners with sovereign and institutional initiatives, including the architecture and technical development of TER, the world's first sovereign-backed gold token for Gelephu Mindfulness City (GMC) in the Kingdom of Bhutan.
Matrixdock is building the reserve layer for on-chain capital markets.
Matrixdock official website: https://www.matrixdock.com/
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Matrixdock Expands XAUm to Stellar, Bringing Bureau Veritas-Audited and LBMA-Accredited Tokenized Gold to the Stellar Ecosystem
