ITCEN Global said on Wednesday that a blockchain-based Web3 business it is pursuing with key affiliates Korea Gold Exchange and Korea Gold Exchange Digital Asset has entered a practical commercialisation stage.

ITCEN Global is carrying out a mega project to issue 50 tonnes of physical gold as on-chain assets within 5 years and build an ecosystem worth 10 trillion won. The core is its gold coin-form real-world asset (RWA) token, K-Gold (KGLD). The token is now expanding into innovative financial services such as on-chain deposits and collateralised lending, and the company said it has settled into a practical commercialisation stage after completing a proof of concept with a major payment gateway.

To issue virtual assets linked one-to-one with physical assets, the company completed trademark applications for gold coins including KGLD, CENG, KRWgc and USDgc, and silver coins including KSVR, XAGC, XAGT and CENS, establishing brand protection and an issuance foundation. Based on that, it is pushing to issue a gold coin within the third quarter of this year and is speeding up with the aim of listing on domestic and overseas exchanges.

ITCEN Global is accelerating its entry into the security token (STO) market based on the country’s largest gold distribution network and storage infrastructure held by Korea Gold Exchange. The company is upgrading dedicated infrastructure in step with the formalisation of a legislated STO system, and is building a compliance system through partnerships with relevant organisations. It is expanding its STO lineup to cover various high-value unstructured assets, including rare metals and raw materials, beyond gold.

The stablecoin business is also being pursued actively. ITCEN Global has formed an "RWA alliance" with Japanese stablecoin firm JPYC and Mitsui & Co and is implementing a payment system linking the yen, gold and the won.

An ITCEN Global official said, "2026 will be the year our Web3 strategy, which we have prepared so far, blooms in practical work." The official added, "Based on a stable governance structure, we will build RWA infrastructure across all areas, including gold coins, STOs and stablecoins, and establish it as the company’s key future growth driver."