ITCEN Global said on Thursday that JPYC CEO Noritaka Okabe (오카베 노리타카) and a delegation from Mitsui led by Shinsuke Waka (와카 신스케), who oversees the trading house's digital finance division, visited ITCEN Tower in Gwacheon. It said the three companies reaffirmed their ties and built a close cooperation framework to pursue a global RWA business.

The meeting was arranged after JPYC and Mitsui attended the World Crypto Forum event recently held in South Korea.

ITCEN Global plans to present global standards for an RWA business that connects real-world assets and digital finance through this strengthened partnership.

It will focus on combining the physical gold infrastructure held by its subsidiary Korea Gold Exchange with ITCEN Global's IT capabilities, JPYC's stablecoin payment infrastructure and Mitsui's know-how in operating digital assets. The partners plan to jointly introduce financial services such as on-chain deposits and collateral loans to global markets, centered on the gold-based RWA "KGold (KGLD)."

An ITCEN Global official said, "By meeting face-to-face with partners representing Japan, we reaffirmed that our visions align and were able to strengthen the partnership in detail," adding, "The RWA ecosystem the three companies are building together will become competitive in the global digital asset market beyond Asia."