Search results for Korea Gold Exchange Digital Asset
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
Korea Gold Exchange Digital Asset, Hana Bank expand Hana Gold Trust eligibility to 18K, 14K
Korea Gold Exchange Digital Asset said on Sunday it will expand the list of items eligible for the Hana Gold Trust it operates with Hana Bank to include 18K and 14K gold, in addition to 24K. Eligible items include gold bars and jewellery such as rings and necklaces, with a minimum deposit weight of 30 grams. Deposited gold can be converted into a standard asset and returned as a 99.99 percent new gold bar after a one-year term.
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.