ITSSENGLOBAL aims for its digital gold 'KGLD' to become Asia's leading project
Translated from Korean, summarized and contextualized by DistantNews.
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New plan
- ITSSENGLOBAL is accelerating the development of its KGLD ecosystem, a gold-linked token based on real-world assets (RWA).
- The company aims for KGLD to become a leading project in Asia by expanding its ecosystem beyond simple token issuance.
- KGLD's ecosystem plans include storage, securitization, monetization, and everyday payment functions for physical gold.
ITSSENGLOBAL is pushing forward with the creation of its KGLD (K-Gold) ecosystem, a digital token backed by physical gold and categorized as a real-world asset (RWA). The company announced on August 21st its ambition for KGLD to grow into a representative project within Asia.
The core of ITSSENGLOBAL's strategy involves building an ecosystem around KGLD that extends beyond the mere issuance of a digital token. The company envisions a comprehensive system that encompasses the storage of physical gold, its securitization, monetization, and integration into everyday payment systems.
This multi-faceted approach aims to establish KGLD as a robust and versatile digital asset, leveraging the inherent value of gold while offering the convenience and accessibility of blockchain technology. The company's focus on developing these diverse functions is key to its goal of achieving prominence in the Asian market.
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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