Search results for KGLD
Crypto
ITCEN Global completes pilot issuance and redemption test for gold-backed stablecoin KGLD
ITCEN Global said on Sept. 28 it has built an issuance and redemption system for its gold-based real-world asset token KGLD and completed verification, including pilot issuance and redemption into physical gold. The company is in talks with multiple domestic and overseas exchanges about listing and is also reviewing the timing of a formal service launch in connection with exchange listings. It aims for use in both domestic and global markets.
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 posts first-half revenue of 5.58 trillion won, operating profit 107.5 billion won
ITCEN Global said on Aug. 13 its consolidated first-half revenue totalled 5.58 trillion won, up about 92 percent from a year earlier. The company said growth was supported by balanced gains in its Web3 and IT services businesses, including units such as Korea Gold Exchange, ITCEN CTS and ITCEN ENTECH. Operating profit rose 94 percent to 107.5 billion won and net profit increased 153 percent to 109.8 billion won.
