Search results for Gold Standard Wallet
Crypto
ITCEN Global steps up buildout of tokenised gold KGLD ecosystem
ITCEN Global is accelerating efforts to build an ecosystem for KGLD, a token based on physical gold. The company aims to go beyond issuing digital tokens by linking custody, liquidity, monetisation and everyday payments into a single financial ecosystem. It has disclosed plans to issue KGLD backed by 50 tonnes of physical gold and announced a concept for a RWA-based gold-standard account called the Gold Standard Wallet.
AI & Enterprise
ITCEN Global says first-quarter revenue doubles, targets future finance with digital gold and stablecoin
ITCEN Global said on Thursday its first-quarter consolidated revenue totalled 3.29 trillion won, about 100 percent higher than a year earlier. It said its Web3 unit, led by Korea Gold Exchange, and its IT services business drove growth. Operating profit rose 193 percent to 99.2 billion won and net profit climbed 178 percent to 72.7 billion won. The company outlined plans for digital gold, a gold-backed wallet app and Japan-linked stablecoin research.
Crypto
ITCEN launches gold-backed account service
ITCEN Global said on Feb. 19 it has launched a gold-backed account service tentatively named Gold Standard Wallet as it ramps up a real-world asset project digitising 10 trillion won worth of physical gold. The financial app uses KGLD, a token whose value is linked 1:1 with physical gold. It offers digital storage, 1 to 3 percent annual interest through token deposits and loans of stablecoins backed by gold collateral.