DeFi· ★★· neutral·

ITCEN Global completes trial issuance and redemption of gold-backed stablecoin KGLD

  • —KGLD is a gold-backed RWA token; issuance and physical gold redemption have been tested
  • —ITCEN Global is negotiating listings with several exchanges in Korea and overseas
  • —The company is building a structure for institutions to issue and buy KGLD
  • —It is developing an 'Agentic RWA' system so financial institutions and AI services can verify reserves and redemption terms
Why it matters: Another entrant in the tokenized gold market alongside PAXG and XAUT, though the launch hinges on exchange listings.
Source: Digital Today
More on this
DeFi · Sep 17
Japan's SUSMED: World's First Drug Approval Based on Blockchain Clinical Trials
 DeFi · yesterday
Paxos Labs Launches Gold-Backed PAXGy Token Built on PAXG
 Security · Sep 14
Orenburg man to face trial over 4 million ruble mining equipment fraud