ITCEN Global said on Sept. 28 it has built an issuance and redemption system for its gold-based real-world asset (RWA) token KGOLD (KGLD) and completed verification, including pilot issuance and redemption into physical gold.

ITCEN Global is in talks with multiple domestic and overseas exchanges about listing. It is also reviewing the timing of a formal service launch in connection with exchange listings.

The company said KGLD aims from the outset to be a digital gold asset that can be used in both domestic and global markets.

ITCEN Global is also building a foundation to secure market liquidity. It is setting up a structure for institutional investors and professional operators to participate in issuing and purchasing KGLD to increase liquidity. It is also advancing its "Agentic RWA" technology and operating framework so key information, including the status of reserve assets and redemption terms, can be checked and used not only by financial institutions but also by future AI-based financial services.

An ITCEN Global official said, "KGLD has already completed verification from issuance to physical gold redemption, and the business is proceeding without problems." The official added, "At this stage it is more important to properly open a market where users can actually trade and use KGLD, so we will present it after firmly establishing a structure that looks to the global market."