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ITsenGlobal's Blockchain Web3 Business Enters Commercialization Phase
🇰🇷 South Korea /Technology

ITsenGlobal's Blockchain Web3 Business Enters Commercialization Phase

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • ITsenGlobal announced its blockchain-based Web3 business, developed with affiliates Korea Gold Exchange and Korea Gold Exchange Digital Asset, has entered the commercialization phase.
  • The company plans a 'mega project' to issue 50 tons of physical gold as on-chain assets within five years, aiming to build a 10 trillion won ecosystem.
  • Central to this project is the 'K-Gold Coin,' a physical-backed asset (RWA) token.

ITsenGlobal, along with its major affiliates Korea Gold Exchange and Korea Gold Exchange Digital Asset, has announced that its blockchain-based Web3 business is now entering the commercialization stage. This development marks a significant step for the company's ambitious plans in the digital asset space.

The company is undertaking a 'mega project' with the goal of issuing 50 tons of physical gold as on-chain assets within the next five years. This initiative aims to establish a substantial ecosystem valued at approximately 10 trillion Korean won (around $7.3 billion USD).

At the core of this venture is the 'K-Gold Coin,' which is structured as a real-world asset (RWA) token. This token is designed to be directly linked to physical gold, providing a bridge between traditional tangible assets and the burgeoning world of decentralized finance and Web3 technologies.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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