ITCEN Cloit is rolling out a series of events as part of an expansion of its billiards business. Working with billiards specialist Quesco, it has launched a brand and opened a new space at its Gwacheon headquarters that incorporates AI and augmented reality. The company has held an in-house championship and invited top professional players. It will also host a two-day amateur three-cushion tournament in September with prize money and gold prizes.

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.