Search results for KGLD
Crypto
ITCEN Global steps up Web3 commercialisation from tokenised gold to stablecoins
ITCEN Global said on Wednesday its blockchain-based Web3 businesses being pursued with key affiliates, including Korea Gold Exchange and Korea Gold Exchange Digital Asset, have entered a practical commercialisation stage. The company is pursuing a project to issue 50 tonnes of physical gold as on-chain assets within five years and build a 10 trillion won ecosystem. It is expanding its KGLD gold RWA token and moving into security tokens and stablecoins through partnerships.
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.
Crypto
ITCEN Global strengthens RWA alliance with Japan\'s JPYC and Mitsui
ITCEN Global said on Thursday that JPYC CEO Noritaka Okabe and a Mitsui delegation led by Shinsuke Waka visited its ITCEN Tower in Gwacheon to reaffirm ties among the three companies and build a close cooperation framework for global RWA projects. The meeting followed the attendance of JPYC and Mitsui at the World Crypto Forum in South Korea. The partners plan to jointly roll out gold-based RWA services, including on-chain deposits and collateral loans.