Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Klaytn will build a RWA tokenization support system, with the current focus on gold and real estate tokenization

Klaytn will build a RWA tokenization support system, with the current focus on gold and real estate tokenization

CointimeCointime2023/11/03 07:48
By:Cointime

Klaytn will build a system to support the tokenization of real-world assets (RWA), including product development, token issuance, asset storage, and trading. Klaytn will establish a new token standard that includes the necessary functions for asset tokenization. Klaytn will also strengthen important ecosystem elements such as custody, KYC, oracle, and trading platforms, and work with business and legal consulting experts to ensure compliance requirements are met. The Klaytn Foundation will develop a series of RWA applications in the present and future, with a current focus on gold and real estate tokenization. Korea Gold Exchange subsidiary Creder will tokenize physical gold into GPC and conduct on-chain transactions on Klaytn. GPC will be launched on DEX, and users worldwide can purchase and use GPC to earn profits in DeFi protocols. The lending protocol ELYSIA will provide various synthetic products based on RWA, including real estate mortgage bonds, e-commerce accounts receivable, and real estate project financing.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

What it’s going to take to hit $100K

MicroStrategy announced that it purchased 55,500 bitcoin last week, but that didn’t quite push BTC over the 6-figure edge

Blockworks2024/11/25 22:55

Why analysts are upping price targets for MSTR and COIN

MSTR shares hovered around $402 at 2 pm ET Monday — down 4.7% on the day but up 70% from a month ago

Blockworks2024/11/25 22:55